Why every company needs a counterparty register — and how to build one

Every contract you sign creates a relationship with a counterparty — a customer, supplier, partner or subcontractor. But do you have oversight of all these relationships? Do you know which ones you depend on most, and which carry the greatest risk?

What is a counterparty register?

A counterparty register is a structured overview of all parties you have contracts with. It includes not just who they are, but how many contracts you have, total contract value, durations and any risk indicators.

Four things a counterparty register gives you

• ✓ Exposure overview — see at a glance how dependent you are on a single supplier or customer. Are 40% of your purchases concentrated with one party?
• ✓ Supplier assessment — link contract information with external data such as credit ratings, ownership structure and financial health
• ✓ History and patterns — see the full relationship history: which contracts have you had, how have terms evolved, are there patterns?
• ✓ Risk management — identify counterparties with expired insurance, weak creditworthiness or unfavourable terms

Why most companies don't have one

Building a counterparty register manually is enormously time-consuming. You need to go through every contract, extract counterparty information, match against company registration numbers and compile it into a database. Most give up halfway.

How Tagd builds it for you — automatically

When you upload your contracts to Tagd, the AI automatically extracts counterparty information from each contract. The system matches parties against each other (even if they appear under different names) and gradually builds a complete register.

The more contracts you add, the richer the register becomes. And since it happens automatically, it requires no extra work on your part.

"We had no idea we had 47 active contracts with the same group through various subsidiaries. The counterparty register gave us an entirely new negotiating position."