Our Hive solution pulls data from a number of sources to ensure that you have the correct information for businesses in your Local Authority. It also gives you financial information, such as invoice paid data, invoice unpaid data and drops in cash flow.
Hive will also grade businesses with a score from A – E of their financial situation and can notify when businesses move into a lower rating, prewarning the Local Authority that there may be an issue with their ability to pay their Business Rates and Non-Domestic Rates. This will then allow the Local Authority to take a proactive approach to ensuring that any monies owed are collected prior to a possible business closure.
Hive can also share data with other Local Authorities, which is mainly used to help prevent fraud, you are able to list any businesses that you are investigating for fraud, in a portfolio, that portfolio can then be sharable with any other Local Authority using our Hive solution.
Working with the other like-minded Local Authorities together within HIVE, by trendspotting and alerting others to rogue entities, commercial customer fraud could become a thing of the past.
One example of a Local Authority using the Hive solution with various Commercial Customer data sets. We cleansed the Local Authorities existing data sets within hours of receiving them. The Local Authority were instantly reaping the benefits, with over 180 cases quickly identified where discounts were removed as the companies either didn’t exist or were no longer trading.
Benefits of Hive
Director Search, including information on whether the Directors are linked to any other businesses.
Ability to collate businesses into portfolios, to administer a group of business.
Event notifications, there are a selection of over 70 types of alert for Local Authorities to choose from, such as CCJ’s, Appointment of Liquidator, Credit rating too Low.
Updates on alerts received within 24 hours.
Local Authority data cleansed with any anomalies identified.
Ensuring that the correct business is billed for Business rates and Non-Domestic Rates.
And the list goes on!
Contact us today to book a demonstration of our Hive software. To ensure your Local Authority has the correct information for the businesses in your Local Authorities, allowing you to collect on Business rate and Non-Domestic rate revenues.
All training sessions will be scheduled at a date and time that is convenient to you and once you’re all set up, our dedicated support team are on hand to manage all support requests.
"Following an exercise to review all 100% Small Business Rates Relief cases using Hive, it was determined that in a significant number of instances companies that had been either dissolved or liquidated continuing to be billed, in some cases as far back as four to five years. Further enquiries will now be made to establish the current occupier, or the property owner will be billed for the empty property rates."
Leeds City Council