A report generated from the company’s number and most recent financial statement
Retrieving data automatically or from Financial statement upload
Update the Financial X-Ray at any time
What data is required to generate a Financial X-Ray score?
By introducing the company identification number when creating a case, Financial X-Ray starts by collecting data from both external and internal sources.
To be complete, Financial X-Ray also needs to get more information about the company's activity. That’s why we ask you to upload the latest financial statements of the company on the October Connect platform.
⚠️ To extract data on financial statements, they need to be True PDF. Learn more
Once this step is completed, the score, the probability of default and the report based on the collected data is available on the Financial X-Ray tab.
The financial information extracted from our external databases and the latest financial statement can be found in the Business Data tab.
What data is taken into account in the analysis?
Financial X-Ray will retrieve the most recent information from external databases and the financial statements uploaded. This means that if you upload several financial statements, our technology detects the most recent one to extract the necessary data to generate the Financial X-Ray report.
20 to 30 indicators are analyzed to generate the Financial X-Ray score and associated default probability. These criteria are calculated directly using financial statements and information available on external databases, and are analyzed by comparing them to those of SMEs from the same sector and geographic area. Thanks to machine learning, we can define the positive or negative impact of a sector of activity or the time in business of a company, for example.
In addition, other data may be taken into account, including the analysis of the company's management history, through Manager X-Ray. This will be taken into account in the Financial X-Ray score.
Update your Financial X-Ray report
It is possible to update the Financial X-Ray report by:
Uploading new financial statements
Modifying the company data from the Business Data tab on the case.
This second option can be useful if you want to test different scenarii based on financial projections or intermediary financial statements.