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Quality label for positive balance sheet and low risk of default

Crefozert creditworthiness certificate renewed again for Asseco Solutions

From shortages of qualified staff to geopolitical conflicts and a chaotic supply chain – companies are facing an increasing amount of pressure. No wonder many of them are looking for a means to withstand this pressure and remain viable for the future. One way to do this is by implementing sustainable digitalisation initiatives and ways to boost efficiency – including those using modern technologies like AI. As such, ERP providers must meet these requirements with continuous innovation – and that is hard to achieve without a solid financial foundation.

The German provider Asseco Solutions has the best prerequisites in this area following its analysis by the credit reference agency Creditreform. The ERP specialist passed again with flying colours and was awarded the prestigious CrefoZert creditworthiness certificate. fulfilled all relevant criteria and is pleased to have been certified independently for the eighth time in a row. The quality label, which is valid until the end of 2023 and based on the last financial year, attests that the company has a “good” balance-sheet creditworthiness associated with a “very low to low” risk of insolvency.

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“Innovation requires stability – I’m strongly convinced of that,” says Sascha Wellershoff, Chief Financial Officer at Asseco Solutions. “Companies wanting to grow consistently and maintain their development need a solid, reliable ecosystem that can also stand up to external impacts. To remain successful in today’s volatile and challenging business conditions, customers need a reliable business partner at their side that stands out with its continuity and stability. Asseco Solutions is exactly that: this latest – and eighth – renewal of the CrefoZert certificate is excellent proof of our solid foundation that our customers can always count on.”

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Multi-phase examination procedure

The Creditreform certification dates back to 2009 and is awarded based on a multi-phase examination. The creditworthiness index plays a central role in this. It assesses the extent to which a company can meet all of its payment obligations on time. The specialists also analyse the company’s balance-sheet creditworthiness by examining the latest annual financial report for completeness and results.

In addition, the company’s future perspectives are also taken into account in the certification process. They are assessed during an analytical discussion with the company’s management and subsequently evaluated. The only companies that receive the CrefoZert certification are those that completely fulfil all three criteria. Due to these stringent requirements, only about two per cent of German companies pass the examination procedure.

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