GUS
The Central Statistical Office (GUS) is the main executive agency of the Republic of Poland, responsible for collecting and publishing statistical data. This includes information about economic entities operating within Poland, such as the full company name, address data, REGON number, or VAT number.
This add-on is designed to assist D365 F&O users by enabling the direct verification of counterparty data within the system using the GUS register. It allows for quick and effective checks of company data’s accuracy, which, in turn, supports precise management of counterparty information and minimizes the risk of errors during business operations.
GUS validation confirms whether the provided NIP numbers are correct and registered in the official Central Statistical Office register. This helps to avoid errors when utilizing company data.
Checking the NIP number through GUS validation helps protect against potential fraud. This can include situations where an entity provides false identification data.
Possessing correct NIP numbers is often required by various institutions, such as banks, tax offices, and financial institutions. GUS validation aids in fulfilling these requirements and ensuring compliance with legal and tax regulations.
Verifying the NIP number through the GUS can be essential for concluding commercial agreements. Companies may wish to verify that they are cooperating with entities that are legally operating and duly registered.
GUS validation helps to minimize the financial risks associated with commercial transactions. Correct identification data can assist in assessing the reliability of business partners.
GUS validation ensures the accuracy of this data, crucial for purposes of statistical analysis and reporting.
A comprehensive verification history facilitates the tracking and documenting of the verification process, which can be significant for both auditing and reporting purposes.