Available for: Team and Professional Edition in Austria
Find out your company's credit rating
The Team and Professional Editions let you look up your company's rating. This is done under Setup / Integrations. The KSV1870 integration runs a query for your company, triggered by you, and shows the rating on the dashboard.
For this query, only the company name you entered is used to search the KSV1870 database. No other data is transferred from COMMITLY to KSV1870.
KSV1870 rating for companies
The KSV1870 rating figures result from taking all influencing factors into account, with a higher number expressing a more negative assessment. The KSV1870 rating is shown on a scale from 100 to 700, and the individual score values are calculated to the third digit. KSV1870 bases its calculations on an insolvency rate of 1.4% of active companies. During calibration, it was determined that a score of 400 expresses this average insolvency rate. Companies with a KSV1870 rating below 400 therefore have a below-average default risk, and companies with a KSV1870 rating of 400 or above have an above-average default risk.
Rating classes
The rating classes also allow an assessment of how the company is viewed externally.
Maximum single credit for companies
The maximum single credit indicates the maximum recommended credit per supplier within an average payment term.
You can find more information about the KSV1870 credit check product on the KSV1870 website here.
Details (PDF) on the rating and the assessment model are available here.