Reference rating in SMEs
After these months of research and development at Wenalyze we launched a new algorithm aimed at calculating the survival possibilities of a company in adverse and disruptive environments such as Covid 19 and other possible and future pandemics.
The Business Continuity Rating (BCR) is an index that orders by means of a scale of standardized ratings, each and every one of the more than 3 million SMEs in Spain, segmenting them by the possibility of business continuity, their strengths and weaknesses and analyzing how they have evolved or not to adapt to this new adverse environment. The magnitudes that are evaluated individually for each company range from technological level, competition, direct, evolution of their customers, whether or not they work with other countries and macroeconomic variables, as well as the business fabric where this company is established, etc.
In addition, it allows for a homogeneous comparison of companies in the same sector or activity, which makes it easy to classify, for example, businesses by activity or by geographical area, etc.
The BCR is called to be the reference rating in SMEs, such as those of debt solvency in countries and large corporations that make companies as Standar&Poor’s or Moody’s. In this way, BCR contributes in a fundamental way to increasing the knowledge of financial and insurance entities of their customers (KYC), providing a differential value in the calculations of risk and business evolution in a fundamental scenario such as the post-pandemic one.