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Cheqm Business Affordability Check
Real-time insight into a company’s ability to pay
Traditional credit assessments are often based on historical information such as financial statements and credit reports. While this data provides insight into the past, it does not always reveal a company’s current financial standing.
With the Cheqm Business Affordability Check, you gain real-time insight into a company’s current financial capacity. By combining Open Banking data with credit information, business data, and public records, you get a complete and up-to-date picture of your business client’s financial health.
Why choose real-time affordability?
A company that was profitable last year may be facing liquidity issues today. At the same time, startups, self-employed individuals, and fast-growing companies can perform strongly financially without an extensive financial history.
The Cheqm Business Affordability Check therefore looks at what is happening now:
Current revenue and income
Cash flow and liquidity
Fixed-, liabilities, and financing
Suppliers and tax payments
Payment history and account activity
This provides a more reliable picture of actual payment capacity.
How does it work?
After receiving the business owner’s consent, Cheqm analyzes the business checking account(s) via secure Open Banking connections. This data can be enriched with credit information, company data, and public sources.
Within seconds, you’ll receive a clear Business Affordability Score and additional insights into the company’s financial health and risk profile.
Applications of the affordability check
Business Lending
Evaluate financing applications based on current financial performance.
Business Leasing
Gain insight into payment capacity before entering into lease commitments.
Energy & Telecom
Reduce payment risks associated with business contracts and subscriptions.
Supplier Credit
Set credit limits based on current financial information.
SaaS & Subscription Services
Improve customer acceptance and prevent payment delays.
Why Cheqm?
Cheqm combines Open Banking data with credit information, public records, business information, and identity data.
This creates a single integrated platform for:
BusinessAffordability
KYC
KYB
CDD
Credit Risk
Fraud Prevention
Customer Onboarding
With a single integration, organizations gain access to an up-to-date, reliable, and comprehensive customer profile.
Would you like to perform an Affordability Check on businesses or entrepreneurs?
