Creditreform Germany launched a ‘compact analysis’ of financial statements. The knowledge base of this service is Creditreform’s database containing 3.5 million financial statements from one million companies.  The collection of financial statements was made possible through the general trend to improve transparency and new disclosure requirements through electronic trade and corporate registers.  The compact analysis forecasts trend in credit worthiness for up to five years.   Source: Password Germany 

BIIA Newsletter May II – 2010 Issue