As the world becomes more complex, it is more difficult to keep up with all of the information in the business world. Although the internet provides a good amount of information, it is hard to sort through everything to find the facts that are current and accurate.

However, for anyone involved in business it is very important to keep up on mergers and acquisitions, executive moves, and corporate structures. For instance, many times if your firm is doing a business deal, you need a lot of information about the other company. You would need contact information and names of the executives in the other firm, as well as the company’s structure and parent companies. Failing to have this information can cause you to miss important facts and a deal can quickly become unprofitable.

As a business leader, the question is how to find this information in as little time as possible. While it is important that the information be accurate, complete, and timely, it is also not something you can afford to spend days gathering. Fortunately, there are software solutions that can help you get important information about other companies. Here are some benefits of this type of information:

  • You can review the history and background of companies before you do business with them
  • You can keep up on industry news so that you can be aware of what your competitors are doing
  • You can be aware of new trends in your industry so that you can take advantage of them to grow your company

One piece of software that helps you achieve all of these benefits is LexisNexis Corporate Affiliations. This software has profiles of nearly 850,000 parent companies from around the world. In addition, they provide detailed information on 1.5 million executives with titles, as well as have 120k executive and director bios. You can also find corporate hierarchies, allowing you to see the parent companies of any listed business. Finally, you have access to a 90 day news file on each specific company, allowing you a great deal of information on potential business partners or rivals.

In the information age that we live in, no business leader can afford to have inaccurate, untimely, or incomplete information. Whatever solution you choose, it is important to make sure you stay up to date on in-depth company information to keep your business competitive.