Imagine losing millions because your trusted supplier concealed a staggering $93 million in debt. This isn't fiction—it’s the harsh reality of cross-border trade. For businesses operating globally, supplier risk is no longer just a buzzword; it's a ticking time bomb.
The Risk Landscape
Supplier risks come in many forms—from hidden debts to fraudulent shell companies. A recent case involved a valve supplier who failed to comply with seven judgments while owing nearly $100 million. Companies relying on them faced halted production lines and reputational damage.
Why Hidden Risks Are Dangerous
- Financial losses due to delayed payments or non-delivery.
- Production halts caused by sudden supplier shutdowns.
- Reputational harm when associated with unethical partners.
How CheckSonar Helps
CheckSonar offers one-click Chinese supplier risk insight through its AI-powered platform. It leverages authoritative data covering 340 million entities to detect over 100 dimensions of enterprise risks.
Core Functionalities
- Authoritative data spanning judicial records, tax filings, and operational history.
- Real-time alerts across 15 risk models.
- Reports generated within 30 seconds for rapid decision-making.
Benefits of Using CheckSonar
By adopting CheckSonar, businesses gain access to actionable intelligence that mitigates risks before they escalate:
- Early warnings about legal disputes, judicial auctions, and more.
- Cost savings compared to traditional risk assessment methods.
- A high-speed processing engine delivering detailed reports instantly.
Real Stories from Our Clients
“The core factory building of a Shenzhen circuit board factory was listed for judicial auction, and we received an early warning via CheckSonar’s report.”
“Last year, due to Dongguan Motor Factory concealing $3 million in triangular debt, our production line was halted for two weeks. Now, with CheckSonar’s reports, the financial risks of each supplier are easily accessible.”
What risk types can CheckSonar detect?
CheckSonar detects risks such as shell companies, zombie enterprises, tax violations, defaults, and more.
Is there a free trial?Yes, you can try CheckSonar’s services for free to experience its capabilities firsthand.
Do the 340 million covered social entities include enterprises outside of China?No, the coverage primarily includes Chinese entities but provides valuable insights for global businesses engaging with Chinese suppliers.
Will sensitive corporate data be leaked?No, all data is handled securely, ensuring confidentiality and compliance with privacy standards.
Is a printable version of the report available?Yes, CheckSonar offers downloadable and printable versions of its detailed reports for convenience.