Introducing Dynamic Financial Reports

Our mission at Credora is to provide confidence in the private market through comprehensive credit assessments and dynamic credit scores. Credora has produced over 200 credit assessments in the form of credit metrics and PDF reports, facilitating over $1.5 billion in loans.

Despite their utility, static PDF reports come with several limitations. For borrowers, it limits the ability to share customized sections of their credit assessment with counterparties. For lenders, quickly locating the most relevant credit information can be less intuitive when navigating through extensive documents. Static reports restrict the scope of analysis as users cannot filter data across different time periods, or explore correlations between specific financial metrics.

To solve these challenges, we’re excited to introduce Dynamic Financial Reports — interactive, web-based financial reports that allow borrowers to distribute information in a configurable format, and empower lenders to further streamline their due diligence.

Customized reports

Borrowers can now create customized versions of their financial reports on the Credora platform, ensuring full control over what they share and with whom. Reports can be configured on two levels:

• Content: by default, reports include three financial sections: Balance sheet, Income statement and Performance (see below for a detailed breakdown). Borrowers can choose to keep or exclude any of these sections when creating and distributing their reports with counterparties.
• Periodicity: borrowers can specify the period for which they want to generate the financial report. For example, a report periodicity set to “January 2023 — June 2024” will only include the financial data points pertaining to this time period.

The initial version is anchored on the underlying financial information of the relevant entity — Income Statement and Balance Sheet. Alongside Dynamic Financial Reports, borrowers will continue to receive Detailed Credit Reports in their current PDF format until Credora fully migrates all reports to the new dynamic version, expected by Q4 2024.

Secure distribution

Dynamic Financial Reports can be securely shared with any counterparty, whether they’re a Credora user or not. Recipients will receive an email invitation with a secure link to access the web report. Report links are private and only accessible by whitelisted counterparties explicitly approved by the borrower.

For added security, authorized users can access the report only after verifying their identity (email) with a one-time verification code.

Elevated due-diligence

With dynamic web reports, the due diligence process of financial information is enhanced by offering improved navigation, expandable financial statements, detailed performance charts, time filtering, and data correlation capabilities.

Financial tables
Lenders can easily review the entity’s balance sheet and income statement tables (as permissioned by the borrower), and delve into the granular components of the key financial metrics by expanding the financial tables.

Time filtering
Time filtering allows report viewers to analyze key financial metrics and financial performances over specific periods (3m, 6m, 1y, All), providing more granular insights into the borrower’s strengths and weaknesses over specific periods.

Metric correlations
Lenders have the opportunity to select specific financial and performance metrics to analyze their correlations and trends over time. This allows for a more dynamic, tailored analysis of the strengths and risks of the borrower’s financial position.

Analytics Graphs
A wide range of analytics charts complements the financial due diligence process, offering visual insights into the borrowing entity such as assets breakdown, liabilities breakdown, revenue breakdown, and other key financial metrics.

Future Enhancements

A suite of enhanced analytics will be introduced to web reports. First, the inclusion of Risk Monitoring and Benchmarking information will allow lenders to more comprehensively understand a borrower’s current state, as well as their financial performance in relation to industry benchmarks and peers. Credit Assessment outputs and section scores will follow, enabling borrowers to share Credit Assessment metrics in a configurable format with various counterparties.

Additionally, Credora is working to provide end-to-end traceability of the structured financial information, linking the structured outputs to the relevant source files in a shareable data room.

Stay tuned for our upcoming announcements!

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