More than 207,000 small businesses in Spain were forced to close after the first wave of the pandemic. Unfortunately, this number has continued to grow over the last year. To reduce this number and thus support local businesses, Wenalyze has developed the BCR indicator (Business Continuity Rating) indicator for small businesses to detect risk situations in advance and take measures before they close.
At Wenalyze, we believe in innovation as an engine to help SMEs. Thus, today we want you to know the process behind the creation of the BCR indicator, as well as the benefits of implementing it in your company’s strategy.
What does the BCR consist of?
The BCR is a risk indicator for companies. It analyzes different variables of a business, including macroeconomic data and, on the other hand, indicators developed by the Wenalyze team.
After analysis, the BCR classifies companies into 4 different risk types: low, medium, high, and very high. In this way, small companies can take measures in time and thus anticipate catastrophes and closures.