POOL4TOOL Receives High Score
Vienna | Munich | Stuttgart | Belgrade | Detroit | Singapore, June 25, 2015 – The independent rating agency Bisnode has just declared POOL4TOOL the most stable provider on the market. The software specialist received the highest score in the D&B rating, placing it well above the industry average. The results confirm the company’s high creditworthiness, minimal risk of default and financial stability. For POOL4TOOL’s clients, this means continued security for the future and for their long-term planning.
The SRM market is changing. While many competitors are merging or are struggling with financial difficulties, the software specialist POOL4TOOL remains one of the most stable solution partners on the market. The stability and solvency of the All-in-One Procurement specialist has once again been verified by the most recent D&B rating submitted by Bisnode, one of the leading European providers of digital economic data. Bisnode combines years of experience with solutions from D&B (Dun & Bradstreet) and Hoppenstedt, and has access to detailed B2B company and financial information from more than 5.1 million German and 97 million European companies, as well as from the 235 million companies in D&B’s Worldwide Network. POOL4TOOL requests an evaluation by the independent rating agency once every year. The agency uses several criteria to create an objective profile of a company in order to evaluate it, such as financial data and payment practices. Before the financial data is included in the evaluation, they are validated by an auditor.
Well Above the Industry Average
POOL4TOOL’s overall financial and economic position has been evaluated as “very good” and has received an A+ rating. The current D&B rating clearly indicates a minimal risk of default, and confirms POOL4TOOL’s creditworthiness and the company’s stable financial situation. The company with a 60 % equity ratio currently has a D&B score of 100 from a possible score of 100, placing it at the very top of the rating scale. A score of “1” indicates that a company’s risk of default is very high, and “100” indicates a minimal risk. The average score in the industry is 34. “This outstanding result emphasizes our strong position in the market and is a clear signal to our customers that make long-term plans with us. We have the resources to invest in our customers’ ideas, to develop their visions, and roll them out internationally,” explained Thomas Dieringer, the CEO of POOL4TOOL.
Positive Payment Practices
The D&B score is based on an analysis of statistical data in the D&B database. The company’s D&B Payment Index is 91, which attests to POOL4TOOL’s positive payment practices, because bills are paid before the due date. In addition, the risk of default has been declared minimal. A company’s risk of default is calculated based on several factors, including demographic data, such as the company’s legal structure, the year the company was founded, the industry, the turnover of officials, and financial data. Share capital, revenue, short-term obligations stemming from deliveries and services, etc. are just as important as a company’s general payment practices. Companies like POOL4TOOL that have received a high ranking from Bisnode demonstrate financial stability, and the highest level of creditworthiness, regardless of the size of the company.
About POOL4TOOL: POOL4TOOL is the market leader for electronic process optimization in direct procurement with over 240 clients and offices in Europe, America and Asia. The world’s only All-in-One Supply Collaboration platform combines all processes of product development with strategic purchasing (Sourcing), supplier management (SRM), indirect procurement (Procurement), supply chain management (SCM) and quality management using a workflow-based solution. POOL4TOOL offers best practices from successful projects with world leaders in the automotive, machine and plant engineering, production and medical industries, as well as a unique network of over 200,000 connected companies. Learn more at www.pool4tool.com and follow us on LinkedIn, Twitter, and XING.
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