When data changes faster than decisions, having reliable and updated information becomes essential. Banks, credit consortia, companies, and professionals often find themselves navigating fragmented data, outdated values, and incomplete analyses, making it difficult to have a clear, real-time view of their own financial health and that of their counterparts.
This is why Modefinance has developed two complementary solutions — Cassetto Fiscale and PSD2 — designed to provide a complete and updated view of the economic and financial health of companies.
Two different tools, but highly synergistic: the first allows the analysis of fiscal flows through issued and received invoices, while the second makes it possible to monitor bank transactions authorized under the European payment directive. Together, they offer a clear and timely picture, capable of reducing uncertainty and improving decision-making processes.
Cassetto Fiscale: from invoice to strategy
Cassetto Fiscale is a service of the Italian Revenue Agency that allows every taxpayer — individual or company — to consult their tax data online: invoices, declarations, refunds, and receipts. Modefinance has transformed this tool into a strategic analysis solution.
How does it work with Modefinance? Through an authorization process granted by the data owner, Modefinance accesses information on issued and received invoices and processes it into detailed reports. It is important to note that Modefinance does not store the original invoices but extracts and processes the information, saving only the final report.
What problems does it solve and what value does it add?
- Real-time financial vision: Unlike financial statements, which are filed annually, Cassetto Fiscale data is “fresher” and not tied to fixed deadlines, enabling constant monitoring. This allows the analysis of revenue and costs over specific time intervals, providing a more dynamic picture than balance sheet data
- Structure of costs and revenues: The report shows the distribution of revenue and costs between Italy and abroad, and by industry sector (ATECO code). This helps identify where the user earns and spends most, spotting sectoral concentration and the most influential business areas.
- Customer and supplier analysis (with MORE Score): One of the most valuable features. The system identifies main customers and suppliers, assigning each one a MORE Score (for companies), showing the revenue or costs generated, and their weight on total revenue or expenses. This makes it possible to:
- Assess dependency: Understand how reliant a company is on specific clients or suppliers. Excessive dependence on a single partner with a low rating, for example, signals high risk
- Diversify the portfolio: Highlight the need to diversify customers or suppliers to mitigate risks of default or disengagement
- Risk analysis: Monitor the financial health of customers and suppliers via the MORE Score, evaluating the riskiness of cash flows.
- Cash flow and financial health: A funnel chart shows the distribution of revenues and costs based on the MORE Score of clients and suppliers. The more revenues are concentrated on high-rated customers (A and B), the healthier the client portfolio is, reducing default risk. Similarly, strong supplier ratings are critical for operational continuity, since the failure of a key supplier can cause severe disruptions.
- Monthly evolution of revenue, costs, and EBITDA: A chart shows the monthly evolution of revenues, costs, and EBITDA, both monthly and cumulative. This helps identify trends, seasonality, and the trajectory of operating profit over time. A growing EBITDA with sustainable costs is a key indicator of good company health.
This analysis provides insights beyond raw amounts, labeling clients and suppliers with the MORE Score and comparing data with the balance sheet — offering a unique depth of analysis reflecting Modefinance’s expertise as a rating agency.
PSD2: clear banking flows
The PSD2 (Payment Services Directive 2) is a European directive that authorizes third parties, with the account holder’s consent, to access bank account data. Modefinance has integrated this directive into its systems, turning it into a powerful financial analysis tool.
How does it work with Modefinance? Similar to Cassetto Fiscale, the account holder authorizes Modefinance to access banking data. This allows the aggregation of financial, banking, and tax data into a single environment, offering a comprehensive overview.
What problems does it solve and what value does it add?
- Real-time cash flow analysis: Displays connected accounts with inflows, outflows, margin (difference between inflows and outflows), cash (accumulated margin), and account balance. This month-by-month view of banking data is essential for liquidity management.
- Detailed cost analysis: Examines transaction details, categorizing outflows into items such as loan repayments, withdrawals, and utilities, providing clarity on main cost drivers
- International relationships: Identifies inflows and outflows from non-Italian bank accounts, giving visibility into cross-border transactions
- RIBA monitoring: Detects bank receipts (RIBA), indicating any missed payments from customers. The absence of unpaid invoices is a positive sign of client reliability.
- Always updated data: PSD2 data can be refreshed for up to 90 days after purchase, ensuring the information reflects the latest banking movements. This enables constant and reactive monitoring.
The core of the module is the Reliability Indicator, an index that evaluates the consistency between reported revenue in the financial statements and estimated revenue derived from bank flows.
Why is this crucial? All company inflows and outflows go through bank accounts and should align with income statement items. Significant discrepancies are flagged by the Reliability Indicator.
How does it work? Since PSD2 data is only available for a few months, Modefinance leverages its Company Nowcasting expertise to project annual revenue from partial banking data. The difference between this estimate and reported revenue is then assessed with customized thresholds based on company size (micro, small, medium, large). The system produces a numeric score (0 to 1) and a visual reliability level (minimum, moderate, relevant, critical, extreme). This traffic-light system allows rapid identification of potential anomalies, such as inaccurate balance sheets or incomplete banking data.
Why combine them? The power of integrated vision
Both Cassetto Fiscale and PSD2 provide valuable insights, but their true strength lies in their complementarity.
- More strategic credit decisions: Together, these tools deliver unmatched information for evaluating counterparties’ creditworthiness and operational risk
- Proactive risk management: Businesses can monitor themselves or their partners, spotting risk areas early (e.g., heavy reliance on fragile clients, unreliable financial statements) and acting accordingly
- Continuous supply chain monitoring: Analyzing flows with clients and suppliers enables monitoring of the entire supply chain, mitigating financial and operational risks
- Corporate self-assessment: Companies can use these tools to analyze their own performance, identifying strengths and weaknesses and planning diversification or optimization strategies.
The versatility of these tools makes them useful to various market players:
- Banks: to assess the reliability of businesses applying for loans
- Credit consortia (Confidi): to improve risk analysis and reduce guarantee losses
- Companies: to monitor customers and suppliers, identify dangerous concentrations, and strengthen supply chain resilience
- Professionals (accountants, consultants): to offer added-value services based on objective and timely data.
The future of risk assessment does not lie only in collecting more data but in knowing how to interpret and integrate it.
Together, these two modules make it possible to move from uncertainty to awareness, turning numbers into concrete strategies. Because in a world where decisions hinge on the speed and reliability of data, having an integrated vision truly makes the difference.
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