Financial Stability Indicators

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Capability/Financial Stability Alerts
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Name Name of a concept, e.g. a data model concept. In contrast to terms, the name does not depend on a given context, e.g. a country-specific language. Financial Stability Indicators (category: , sort rank: 550, product: Financial Risk Services)
Short description Informal and short human-readable definition of a concept. Early warnings for business partners who downgrade paying behavior.
Description Informal and comprehensive human-readable definition of a concept. Companies set credit limits to their customers in order to avoid non-payments in case of financial problems occurring at a customer. For doing this the risk of failure and payment default, respectively the financial stability and credibility of customers needs to be assessed.

Not knowing about insolvencies of business partners causes additional financial risks. Delivering goods to such partners (customers) causes the risk of not being paid, suppliers may cause production breakdowns if goods are not delivered and no early countermeasures were initiated. However, get to know insolvencies early is challenging: Business registers only provide information about partners in liquidation with delay, same applies for insolvency registers. And not in all countries insolvencies are published and thus it is difficult to get to know this information. With CDQ Cloud Services, data synchronized with a data mirror is monitored continuously against known insolvency cases. CDQ collects insolvency signals from public insolvency registers, third-party reference data, and sensing/crawling the web for potential signals. Data Sharing peers are proactively notified by mail regarding identified insolvencies. Insolvency cases are flagged in the business partner lookup so data maintainers are already notified during data maintenance.

Get to know the size of enterprises in terms of number of employees or revenue numbers requires manual research. Customer segmentation requires additional information such as e.g. industry classifications (while there are many different standards). For reporting purposes in the US a minority indicator for each vendor is required that is based on diversity information (e.g. ethnicities, and corresponding certificates) that needs to be collected. Board of directors and similar roles are required for identifying beneficial owners. The connected shared data sources comprise many additional business profile information.

Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it. IDEA
Use cases Not used in any use case
Apps No app provides this capability
APIs No API provides this capability

Features

Feature Short description Informal and short human-readable definition of a concept. Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it.
Financial Profile Enrichment Enrich the main financial profile information such as revenue, earnings and number of employees IDEA
Insolvency Lookup Lookup for a given business partner if there are any relevant entries in the connected insolvency data sources IDEA
Insolvency Monitoring Continuously monitor business partner data for insolvencies in restricted or proprietary data sources IDEA
Restricted Insolvency Data Sources Browse insolvency cases in proprietary and restricted data sources IDEA
Shared Insolvency Data Sources Browse insolvency cases in open or freely available data sources IDEA