Creditreform Rating Neuss, Germany (An Associated Member of BIIA) und Bureau van Dijk, located in Frankfurt have launched a joint balance sheet service with three distinctive service features: 

  • The collection of specific financial statements at the request of clients
  • A technical platform for balance sheet analysis
  • A connection to Credit Reform Rating Systems

Mandatory disclosure has lead to a greater availability of financial statements in recent years in Germany.  However there are many firms that do not have to disclose financial statements, hence the financial services industry are still faced with the task of entering financial statements manually into their risk management systems.  The joint Creditreform / Bureau van Dijk balance sheet service will help clients to reduce the cost for data entry, analysis and workflow. Source: PASSWORD Germany

BIIA Newsletter June – 2006 Issue