Creditsafe's Credit Scorecard calculates the statistical probability of a company getting into financial trouble. The Scorecard is validated and checked daily so that we can continue to guarantee its quality, including high predictive power.
Every so often, it is necessary to update and adjust these scores. This keeps them performing optimally. Nothing new really.
With the acquisition of Graydon by Creditsafe Group, the depth, interconnectivity, and quality of the Dutch database has increased enormously. Among other things, the large volumes of payment experiences from both parties have been merged, and we now have better insight into international business connections to and from Dutch companies. The expansion of the database is an important step towards developing a higher-quality Credit Scorecard.
Exceptional circumstances in the past few years, such as Brexit and the COVID-19 pandemic directly and indirectly, affected the creditworthiness of companies. The updated Credit Scores '23 are therefore extra important and deliver a strong improvement in the model's performance: stability, accuracy, and predictive power. And you will be able to benefit from all of that!
The Credit Score and Credit Limit you use every day within all our products are the result of an advanced process including statistical regression models, algorithms and the analysis and processing of huge amounts of data over long periods of time.
For various audiences, we offer information on the updated Scorecards in the form of general content, FAQs, milestones, and multiple score guides and documents. For both credit or risk managers, and more experienced experts in risk modelling.