Underwriting Use Case
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Credit Evaluation
Detailed and multi-faceted analysis of creditworthiness; assess and mitigate credit/accounts receivable (AR) risk -
Underwriting
Enhance underwriting and more accurately predict default risk by using multiple credit and financial health scores -
SME Default Risk Mitigation
Better manage and mitigate default risk, especially for small and medium enterprises, with the BQ SMB probability of default model, which accurately predicts >80% of defaults
Challenges & Solutions
| CHALLENGES WITH EXISTING SOLUTIONS | HISTORICAL SOLUTION | BQ SOLUTION |
|---|---|---|
| Few years in business | Available | Available |
| Location in decline | Available | Available |
| Risky industry | Modeled industry | IRS Verified industry |
| Small size | Modeled headcount | DOL Verified headcount |
| Cutbacks in headcount, payroll & cash contributions | Not available | DOL Verified monthly headcount & payroll |
| No employee benefits | Not available | IRS Verified employee benefits |
| Cutbacks in benefits | Not available | IRS Verified monthly filings on all benefit plans |
| Delinquencies in payments & services | Not available | IRS Verified notifications of delinquencies |
| Restatements | Not available | Amendments to prior year IRS filings |
| Unemployment risk | Not available | Unemployment filings attributed to the company |
| Decline in revenue & EBITDA | Not available | History of IRS financials derived from audit procedures |
Features
BQ Does it Better
Audited, Verified Firmographics
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Timely
data updated monthly -
Verified identity
From EIN and DOL records - Accurate industrySelf-reported in IRS and DOL filings
- Precise employmentSelf-reported in IRS and DOL filings
- IRS financialsFinancials based on IRS audit procedures
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All US Based Companies
No partial lists -
Benchmarking
BQ aggregates company level data vs. using surveys of sector, Industry or Geographic areas for superior company vs. peer group comparisons
BQ Differentiators
Audited, Verified Financials and Employment Trends
- Historical monthly headcount and payroll, 2010 – present
- Historical quarterly financials, including a complete income statement, 2010 – present
- Financial ratios, 2010 – present
- Growth rates of revenue, headcount, net income, 2010 – present.
- Total assets, 2010-present
- Available for both private and public companies
