Modefinance International and Calculum enter strategic alliance

modefinance 19 December 2022

The award-winning data analytics company from Miami (Florida), Calculum, has announced its latest partnership with Modefinance International, the global branch leading Modefinance’s markets outside Europe.

The alliance incorporates the launch of a new service with the integration of Modefinance’s proprietary MORE® credit scoring within Calculum’s ADA® platform. Modefinance is a supervised Credit Rating Agency (CRA) and its Artificial Intelligence (AI) technologies are currently used in Europe, the Middle East, Africa, and Asia, letting customers evaluate more than 250 million companies and 65,000 banks globally. This collaboration enables all Calculum users to access AI-based credit scores instantly from a reputable and recognized rating agency, with the aim of helping companies negotiate optimized payment terms with their trading partners.

Modefinance’s MORE® score is derived from a relevant number of key factors and algorithms, developed to provide an overview of a company’s financial position and its level of financial risk and default probability. Ranging from AAA to D, the scores offer a comprehensive insight into a company’s current financial position and supply chain. Modefinance’s scores are delivered daily at a global level, and used by more than 100,000 customers worldwide.

Calculum’s ADA Platform allows companies to compare themselves with their competitors, analyze suppliers’ payment terms, financials, sustainability and provides all the necessary arguments to negotiate more favorable terms. Combined with Modefinance’s fully automated credit scoring assessment process, Calculum users will now have an effective and intuitive risk assessment and analysis functionality on the ADA Platform.

Oliver Belin, CEO, Calculum Inc. comments “As companies optimize better payment terms to unlock working capital and gain competitive advantage, an important aspect has emerged; the ability to measure the risk of their supply chain. This added functionality of enhanced risk intelligence will help improve our user’s ability to better benchmark their trading partners, leading to better decision making; and we cannot think of a better partner than Modefinance in this area.”

“Thanks to a robust methodology that provides an AI-based credit score, the application of MORE® in Calculum’s ADA platform will bring additional value to corporates and financial players that act responsibly on credit risk evaluation. Partnering with Calculum signals a crucial step for the introduction of large-scale scoring methodologies and tools for credit risk assessment to the corporate sector, helping to facilitate trading and optimize a healthy and robust financial flow” are the words from Cristian Giacomini, CEO, Modefinance International.