Risk management is a crucial skill in running any successful business. In the area of receivables financing however, identifying, and managing risks is even more important. This is where efcom’s  new machine learning solution CubX becomes a “game changer” for the industry. The solution uses state-of-the-art machine learning algorithms to analyse data, including credit scores, financial statements, and customer payment history. While most risk preventing instruments offer such or similar functionalities with historical data sometimes older than one year, CubX does risk preventing with data from today, from now, and in real time. This allows us to accurately predict the likelihood of late payments or even default. In short, we enable clients to uncover various risks, but also potential opportunities by clients, debtors, industries or regions at an early stage in the respective factor’s ecosystem.

Moreover, like efcom’s cloud backend application efX, CubX is also scalable and thanks to its state-of-the art machine learning technology, adapts to your particular ecosystem in a short period of time.