A web app to assess the financial reliability and health of a company, customer, competitor supplier but also your own. This is what Innexta, the chamber consortium for credit and finance, the operating arm of the Italian Chamber system and Unioncamere, has developed, reaching out into the world of Fintech and Alternative Finance.
A service, called Innexta Score, free of charge (simply profile on the Innexta website) and computerized by Italian companies, aimed at providing an immediate and clear vote, based not only on personal information of companies (and of your company), but also on a general analysis summarized by a “traffic light” signal, associated with the degree of solidity of the profile sought. A technology «useful in these times of crisis, where verifying the solvency of customers and suppliers is vital» as Giovanni Da Pozzo, President of Innexta affirms, «time is money, so we have digitized the process. All in a second: company reliability, summary of the latest balance sheet, headquarters, trends and various data ».
In detail, Innexta Score works like this: the user has five credits available to access as many in-depth reports, which allow you to view the credit score, the presence or absence of public and official negativity, the economic, financial and equity trend , the sectoral comparison of the company and – recently added – the accounting and financial statements. The various aspects – quantitative, qualitative, economic and financial – of the companies in question are coherently aggregated thanks to the MORE (Multi Objective Rating Evaluation) methodology, guaranteeing an instant, reliable and understandable evaluation of companies even for those who do not have in-depth skills in the reading and interpretation of company financial statements.
“This was only the first step – declared Danilo Maiocchi, general manager of Innexta – We will shortly make available a service – this time reserved for fintech lending companies – of instant scoring for online business loans, to drastically cut times of financial reliability investigation “.
Fintech is increasingly proving to be a strong ally of small and medium-sized enterprises and a suitable tool to guide their recovery. This is why Innexta has also made the “Fintech Digital Index” available to its interlocutors, a dynamic database that collects data, information and characteristics of the most reliable companies that offer alternative finance services by digital and IT means; for each of these companies a form is available with personal and accounting data, business goals and objectives, reference customers and services offered. Innexta, whose task is precisely to bring companies closer to the world of alternative finance, launched two other important projects at the beginning of 2021, in collaboration with the Milan Monza Brianza Lodi Chamber of Commerce: “Milomb Minibond”, to support the ” issuance of debt securities or bonds (Minibonds) by small and medium-sized enterprises (SMEs), including those not listed on the stock exchange, with the exclusion of banks and which provides for a path of accompaniment and advice on placement.
«In the exit from the pandemic, the“ protections ”rightly guaranteed in this period for the resources obtained by the banking system will cease. It will therefore be essential to know how to use alternative financial sources, which do not impact the risk center and are quick to disburse. This is fintech »concludes Da Pozzo.