Newsletter April 2022

Even more details to boost accuracy!
#The feature of the month: Deeper Payments data

CRiskCo has expanded the amount of data available on payments and its history. Payment data is important as we can now calculate additional financial metrics, such as the DSO (Day Sales Outstanding). What is DSO?

From Today, the open balance will be divided into two visible groups: due and overdue, where due refers to all outstanding invoices created in the last 90 days, and overdue refers to any invoices older than 90 days.

#Why should I care?

With this improvement, you will be able to see in detail every business open balance, as well as how much has been paid by invoice, client, and the company itself. This method will make all payment information, such as the amount of money that should flow into the business in time, easier to identify. The details make all the difference.

* A new graph “Customer Credit Exposure” was added. The graph displays open account receivables and how much of each month’s outstanding invoices were paid.

The data is accessible via the dashboard and API, and the user interface is upgraded. Our platform is even more information-rich as a result of this improvement.

Register to the webinar in this link:

https://attendee.gotowebinar.com/register/6947382290162808332

Why have three when we can have four? 4 years of information implemented

CRiskCo has worked effectively extracting companies’ data from their previous 36 months; however, as we continue to strengthen our platform, we have added free of charge to all our clients in Mexico the ability to extract and analyze data from the previous full four years of the financial statements and company analytics. Regarding the invoice data, we have implemented the full 3 previous years + current year.

Getting wiser with CRiskCo: The 5 Criteria for granting a loan

Borrowing money entails taking financial risks. Therefore, it is essential to evaluate certain criteria for granting a loan to reduce it.

Delinquency is a problem that has existed for a long time. As of August 2021, the Adjusted Default Rate in Mexico had reached 4,98%, according to the National Banking and Securities Commission (CNBV). Therefore, adopting accurate credit standards can significantly lower the chance of loss.

After researching and given our experience, we came up with the 5 criteria for granting a loan.

1. Credit History of the business

2. The Business financial situation

3. Annual return

4. …. Click here to learn more.

Would you like to learn more about our Five-Day Challenge?

Contact us