POOL4TOOL Awarded Highest Rating
Although the image of rating agencies has suffered over the past several years, their business is booming. The demand for serious financial information has been steadily increasing. The fact remains that one of the highest and most important awards a company can hope to receive is a positive rating. POOL4TOOL puts their company up regularly for evaluation by international rating agencies. “For any business operation, and also for our customers, it is important to know what your business partner’s credit rating is. The risk associated with entering business relationships based purely on intuition are much too high,” says Thomas Dieringer, the CEO of POOL4TOOL, as he explains why the solution provider insists on being checked by rating agencies.
Bisnode, one of the top European providers of digital financial information, recently submitted a risk analysis for POOL4TOOL, and the results were outstanding. Bisnode combines years of experience in the rating business with solutions from D&B (Dun & Bradstreet) and Hoppenstedt, and has access to detailed B2B company and financial information from more than 4.7 million German, and 25 million European companies, as well as 200 million companies worldwide. POOL4TOOL is currently in the most highly rated category. The risk of financial loss was determined to be minimal (0.4%). Several factors contribute to the calculation of risk, including demographic data, such as the organization of the company, when the company was founded, which sector the company belongs to, employee turnover, and financial data. Base capital, revenue, short-term accounts payable from deliveries and services, etc. are also determining factors, as well as a company’s overall payment morale. Companies like POOL4TOOL that have received a top ranking from Bisnode exhibit financial stability and the highest possible solvency, regardless of the company’s size.
Unanimous Result: Low Risk
Creditreform, Europe’s largest credit protection organizations, also specializes in the analysis of solvency. They determine risk based on structural data and business figures. In order to paint a more realistic picture, they also take a company’s development and its number of current orders and/or projects into account. The calculated risk assessment from Creditreform placed POOL4TOOL in the “Solvency Index 2.0” category. The evaluation methods for risk are always being improved and developed further to protect companies from debt losses. Despite different analytical methods and scaling, the evaluations of POOL4TOOL from the independent rating agencies, Creditreform and Bisnode, are in agreement that the solution provider currently has excellent solvency, minimal risk of financial loss, and is overall financially stable.
About POOL4TOOL: POOL4TOOL is a cloud-based supply chain and procurement solution suite for connecting business partners across the value chain. With POOL4TOOL, companies can implement a single, natively integrated suite to support multiple internal processes and communicate with suppliers. The portfolio includes software solutions for over 40 processes, including supplier relationship management, sourcing, supply base management, supply chain management, eCollaboration, quality control, and product costing (PLC). With more than 10 years of experience in the manufacturing industry, POOL4TOOL’s solutions are tailored to support manufacturing procurement processes and requirements, e.g. sourcing of direct material, BOM, drawings, should cost model, and VMI functionality. Beside the headquarters in Vienna (Austria), the POOL4TOOL incorporation runs subsidiaries in Munich and Stuttgart (Germany), Paris (France), Detroit (USA), and Singapore. The company serves more than 200 international clients, i.e. Alcan, Behr, Carl Zeiss, Dürr, Kärcher, Miele, Modine, ThyssenKrupp, and Trumpf.
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