With the ‘insic Update’ series of articles, we give you a complete overview of the software required to implement the compliance requirements of German and European regulation.
You can find all articles in this series on our multilingual overview page.
SCHUFA CompanyInformation for the fully automated credit assessment of companies
SCHUFA UnternehmensAuskunft (SCHUFA CompanyInformation) provides a comprehensive overview of the creditworthiness and reliability of your potential business partners, helping you minimise financial risks before entering into contracts, such as when onboarding betting brokers.
The service offers detailed information about the current credit status and key financial data of a company. This allows you to assess whether the business partner is trustworthy before formalising any agreements.
The system works by transmitting the company name and address, which in return provides master and communication data, along with a score. This score is derived from debtor registry entries, insolvency reports and payment data from banks and other credible third party sources.
The SCHUFA score gives a clear, up-to-date assessment of a company’s creditworthiness. The lower the score - on a scale of 100 to 600- the more trustworthy the company is for business and financial transactions. If the SCHUFA score exceeds a value you have predefined, the transaction can be automatically rejected.
Billing is processed through your individual SCHUFA contract.
Your advantage:
- Fully automated credit assessment of companies
- Access to a reliable and comprehensive database with over 6 million data records
- Individually adjustable assessment limits
- Results accessible at anytime
- Automatic monitoring of score value changes
This economic performance verification will help you reduce business risks.
Take advantage of fully automated credit checks powered by SCHUFA's unique database today!
Quelle: insic GmbH