The DDC Group: Selected by credit companies in the UK and Europe to digitize reports and accounts for their business information products.
A good credit rating—as important to a business as the logo on its letterhead. You know the people you can turn to for information on the financial substance of those businesses you’d love to deal with. And digitizing the data that feeds those credit products and services— the ones you rely on to make your big decisions—is DDC.
Almost since birth, in 1989, DDC has been capturing UK reports and accounts—the documents filed annually at Companies House whose contents inform the thoughts and strategies of real deal-makers. These days, DDC is multi-lingual, providing this service in European languages too.
The thing about company accounts is the lack of a single standard layout or glossary of terms. One man’s revenue is another man’s turnover. In order to digitize one set of accounts, a person must understand the variations in terminology, study the notes and check the auditor’s report to get a proper picture. These documents must be analyzed, not simply transcribed.
DDC’s presence in the Philippines is a boon in this regard. Accounting and business graduates abound who are looking for work in an employer’s market and are willing and able to apply their knowledge to the task of analyzing company accounts for DDC’s clients.
Over twenty years of providing such expertise to the UK market convinces us we’re not mistaken. At its Philippines operation, DDC captures company accounts that are filed in Finnish, French, German, Spanish and Swedish, too. The same accuracy is achieved as with English, not with standing the need to correctly interpret notes and auditor’s reports, and not just the item labels.
This testifies to the analysts’ deep understanding of company financials per se, so that translation does not in any way compromise data accuracy.
Each country`s accounts are filed with a registry, such as the U.K.`s Companies House. The registry makes the accounts available as images: electronic impressions of the original paper documents. DDC obtains these images directly from the registry or from its client then sets to work on analysis.
To support the analytical process, the client may also provide data it already holds about previous year`s accounts, which allows certain additional validations and efficiencies to be introduced into the workflow.
The captured data populates a fixed template of fields specified by the client.
One, two or three days later, the analyzed, extracted, validated, formatted, and quality assured data is back with the client to refresh its products. The scope of material includes not only financials, but shareholder records and other documents that may be filed at the registry to show changes in company status.
Freshness is a big deal too—this short data delivery cycle means that information on the market is right up-to-date and as saleable as it can be.
“Data capture cannot be completely halted by capacity loss at any one site or another — a vital consideration with regular deadlines to hit.”
Today, quality assurance and timely delivery are only part of what companies demand when outsourcing tasks involving their data. Quite rightly, security measures and provision for disaster recovery count just as much, insuring the service, as it were. Operating in the Philippines, DDC offers a full package.
It’s up to our clients to specify the particular security features and hot, cold or, indeed, glowing capacity they want. We have multiple sites in two geographical locations with independent power infrastructures— Luzon and the province of Leyte to the south-east.
Data capture cannot be completely halted by capacity loss at any one site or another—a vital consideration with regular deadlines to hit. Gensets are in place too. DSL lines into each site from different ISPs are open to minimize the risk of lost connectivity with our customers and between sites.
Security features include biometric (finger-print activated) door locks, as well as VPN connection to FTP servers or clients’ systems, ensuring access only for authorized users connecting from specified IP addresses.
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