Business intelligence is critical to strategic decision making. As the Chief Financial Officer your insights into financial data could be vital for business growth. The more high-quality information you have as a CFO or a Financial Controller, the more effective your credit management will be and the better input you can bring to board or management meetings. With access to high quality, up-to-date information, you can make better decisions on growth plans, customer selection and credit assessments.
How to be a more data-driven CFO
With credit insurance, you get access to a number of data sets and tools that can help you evaluate your company's risk and prioritise your customers.
Among the most important inputs you will get from Atradius is our ‘buyer rating’. This is a credit rating of your customers and potential customers and specifically assesses the risk of your customer becoming insolvent within the next 12 months.
The rating itself is calculated on the basis of the customer's financial data, payment history, input from our risk underwriters and supplementary data that indicates whether there is an increased risk of insolvency. The rating is calculated differently depending on customer segment and geography and more detail will be available to you at the click of a button or via your account manager.
But our buyer ratings and the data they are based on are far from the only important insights you get from us. We have compiled a list below:
- See your customers' credit ratings in real time
- Keep track of your customers' payment history
- See group-related companies and your total exposure to a group across subsidiaries
- Get a good and quick overview of your exposure broken down by country and company
- Get the opportunity to prioritise extra monitoring of selected customers in your portfolio
- Receive notifications of non-payments
This wealth of information will be made available to you in real time as part of your credit insurance policy. It includes data analytics and trends and up-to-date financial information on your customers.
