Credit Approval Service | Creditsafe
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Credit Approval System

29 August 2019

If you use the Credit Approval System to make credit decisions on companies, either on the website or via the API, you need to read the information below. If you are not the right person for this information, please forward it to your IT department or technical consultant.

Note

No change will occur in the structure of the call or response; they continue to be made to the same address and in the same format.

Rating

The new rating model will recalculate the rating values ​​of all limited companies. The rating intervals will be the same as before and our recommendation is that you keep the current settings and see how the development will be over a few months’ time. This will mean that you take a lower risk than before.

If you wish to make a change in the rejection limit for the rating condition in connection with the launch, you can contact your responsible sales person who will assist with a change document that needs to be signed.

Please note that the credit templates are updated manually starting Monday, November 4, so it may take up to two weeks for your credit template to be processed.

 

 

Limit

Just as with the rating, the limit will also be recalculated on all limited companies. We recommend that you wait with changing the settings on this parameter until you have had the opportunity to evaluate if it is needed.

If you wish to make a change to the limit condition in connection with the launch, you will contact your responsible sales person who will assist with a change document that needs to be signed.

Please note that the credit templates are updated manually starting Monday, November 4, so it may take up to two weeks for your credit template to be processed.

 

 

Riskprognosis

In addition to a rating figure, we will also offer a new parameter that shows risk prognosis for all limited companies. This percentage value shows the risk of the company becoming insolvent within 12 months.

More information about this parameter and how to start using it will be communicated in November. 

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