NEW YORK, Nov. 09, 2017 (GLOBE NEWSWIRE) -- 7Park Data, the leading aggregator of alternative data, today announced the launch of Business Spending Intelligence, the industry's first transactional data product to offer data intelligence on spending by businesses. Utilizing granular transaction data from business credit cards and vendor invoices, Business Spending Intelligence allows investors and companies to benchmark business expenditures across a number of categories including dining, food delivery, marketing, software, services and supplies, travel, and more.
Business-to-business spending data is highly complementary to widely-used consumer spending products, enabling both fundamental and quantitative analysts to make more informed decisions based on real-time insight into B2B spending behavior.
Business Spending Intelligence users will be able to:
- Benchmark company, sector and category performance — Investors and analysts can drill into specific business spending categories to better understand new market opportunities, competitive strengths and weaknesses, and more.
- Build more accurate forecasts — More than two years of history and billions of transactions offer a comprehensive picture of past performance and trends, enabling more accurate forecasting.
- Monitor real-time performance indicators — Timely insights are delivered ahead of other marketplace indicators such as government reports, analyst forecasts, and other qualitative inputs.
“Travel businesses, restaurants, business services and SAAS companies and countless other industries rely on B2B spending,” says Rishit Shah, Chief Product Officer of 7Park Data. “Until now, decision makers have had limited visibility into business-to-business spending behavior, because that data was extremely scarce. With the launch of Business Spending Intelligence, 7Park Data is addressing this massive market demand and is excited about this compelling addition to our broad portfolio of data, tools and products used by leading businesses globally.”
Business Spending Intelligence is available via reports, bulk delivery, and API. To learn more, visit http://info.7parkdata.com/business-spending-intelligence.
About 7Park Data
7Park Data is the leading alternative data aggregation platform, helping businesses make better, smarter, faster decisions. Leveraging proprietary technology which transforms one petabyte of unstructured information into contextualized data, 7Park Data offers the most sophisticated investment firms and Fortune 500 corporations unparalleled insight into more than 10,000 public and private companies. Data-driven companies depend on 7Park Data for more accurate benchmarking, forecasting, and strategic decision making. For data scientists, quantitative analysts, and data owners, 7Park Data offers a suite of APIs, SDKs and tools to access data from multiple sources, in multiple formats. Avenue I/O, its developer site, provides open source tools to quickly and easily build analytical products powered by the Avenue APIs. 7Park Data was founded in 2012 and is headquartered in New York City. For more information, please visit www.7parkdata.com.
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Aaron Endre
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