Your customers are among your most precious assets. That is why you invest time, money, and other means in them. You pamper them and keep your eye on them when times are tough. And yet, sometimes you cannot prevent them from going out of business. Which is extra regrettable considering all the effort you went through for them. However, with the Discontinuation Score you may be able to see it coming.
The Discontinuation Score checks the chance of a company ceasing to exist in the next 12 months. Not so much due to bankruptcy, but through dissolution, merger, takeover, and cessation. The Score considers, among other things, the financial data, payment experiences, activities of parent companies and subsidiaries, demographic data, and many other elements.
An indispensable tool for drafting your future strategy
- On the one hand it gives insight into customers who might turn into defaulters. These are customers whose payment behaviour must be tracked closely.
- On the other hand, it also offers insight into the customers who in future will no longer contribute to your revenue. Loss of revenue will no longer come as a surprise. You can predict the loss in advance, and in that way, it is – combined with the Expected Growth – an indispensable tool for drafting your strategy for the future.
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Decide quickly and efficiently based on easily interpretable scores
A wealth of information can be obtained from data. It comes down to collecting, combining and analysing the relevant data and then converting it into valuable insights. Preferably in the form of an easy to interpret score, which makes it possible to make quick and efficient decisions.
Graydon has an enormous database with company information and (predictive) scores. All data can be accessed via APIs in your own systems. Once linked, all departments within your company have immediate access to the most recent data. In short, with Graydon's APIs you can quickly and easily integrate business data and scores into the systems and applications you are familiar with.