Market evolution and regulatory requirements mandate that organizations need a better understanding of all party relationships and hierarchies. The order spans horizontally across all industry verticals, government agencies and organizations.
Matchcite enables businesses gain a greater share of each customer's wallet, enable more and better cross-sell and up-sell opportunities and increase customer retention rates. Its does so by empowering the user to gain better control and limit, or even eliminate, relationships that are risky or not cost-effective.
Matchcite enables relationshipfopr organizations thatuse multiple names to do business with another company, group or person. Understanding relationships would help a company identify all the names a single organization is using, which would reduce risk exposure by better controlling how much credit is being extended to a single entity (or to closely related individuals or individuals and organizations).
Relationship data is also critical for government agencies that are looking for criminals. For example, when the Homeland Security agency is tracking terrorists or the police are looking for organized crime suspects, they need to see how people are related and who is connected to whom. Often, there are members of organized crime rings and terrorist groups that operate behind some kind of fence, so understanding relationships - not only between people, but also between people and different kinds of associations, funds and organizations - can be critical.
It is clear that the need to understand relationships spans across all types of organizations and can bring benefits in numerous ways.