Approximately 30,000 Public Companies are listed on recognized stock exchanges around the world.
Part of being public involves regular disclosure of material events. Among the most material is the regular release of the company’s financial results.
How Investors Get Their Data
Current and potential investors do not use the financial data as it is released directly by the company. Instead, they purchase from third parties, financial data on all companies in which they might be interested. This enables comparison of similar companies financial data in order to decide which are worthy of their investment.
These third party data distributors include Bloomberg, Standard & Poor’s, FactSet, Yahoo or Google Finance, Thomson/Reuters and others.
IR for Quants, ETF’s and Index Funds
With an increasing portion of institutional investors using quantitative methods of selecting stocks, it has become even more important for companies to make sure that the data they released is accurately reproduced by these third party data distributors.
Helping Investors Get It Right (or The Right Information)
The Hard Way
Until the , the only way to monitor and check the timeliness and accuracy of the data being used by investors was to manually go to each distributor’s site and look for your company’s data. And it is usually spread over 6 pages or in 3 different databases. It is extremely time consuming, and must be done by an employee who understands the data and what she is looking for. This is usually an employee in the finance department, or in smaller companies an assistant to the CEO or CFO.
Once an error is discovered, how do you contact the data company to get the numbers corrected? This usually involves calling or other research to find a data editor to begin the correction process.
The Easier, More Effective Way
The accomplishes this audit function in seconds. On a computer or mobile device, you click on the icon and a spreadsheet immediately appears on the screen comparing critical financial data on the company from each data supplier.
In table form, it is easy to see which numbers from which suppliers are outdated or wrong. Click on a number that is wrong and a pop up box appears, containing the name, phone number and email address of the contact who is in charge of editing that database. Clicking on the email address opens an email dialog box. You can then send notice of the error, and simply open the to verify when the correction is made.
We even track your error reporting to show which are still open and when others were closed.
It’s That Simple
So the time consuming and expensive process of monitoring this critical information now takes only minutes, and corrections are simple and quick.
You can access your numbers any time using a desktop or laptop computer, tablet or mobile phone.