It is an algorithm that estimates the credit risk of a prospective debtor (e.g. ability to pay on time)
It rates individuals/businesses on a scale from 0 to 100.
It combines key variables, e.g. trade payment information, public information, industry sector analysis, debts, borrowing and other key performance indicators
Creditsafe is the world’s most used provider for business credit reports and maintains the largest owned database with over 240 million companies worldwide. 100,000 customers from across the globe have joined Creditsafe to make better business decisions every day.