SCHUFA is Germany’s leading provider of credit enquiry and information services for companies and consumers. A total of around 10,000 corporate customers are connected to our services as contractual partners. In addition, around 2.2 million private customers use SCHUFA’s services. The company provides private and business customers such as banks, savings banks and retailers with credit-related information on creditworthiness, identity and fraud prevention. On the basis of our decision-making aids, private and business customers can conclude contracts quickly, cost-effectively and unbureaucratically. Information on products and services for private customers as well as online access to their own data stored by SCHUFA is available on the Internet portal www.meineSCHUFA.de. SCHUFA’s database comprises 1,002 million items of information on 67.9 million private individuals and 6.0 million companies.
Increasing competitive pressure due to a growing number of suppliers offers energy supply companies new opportunities as customers become more willing to switch, but also means considerable effort in the application business. Despite the high potential for energy suppliers, the associated payment risks must be taken into account when acquiring new customers. As part of effective risk management, credit checks in particular are a necessity, whether in B2C or B2B business.
SCHUFA offers a unique range of solutions with regard to creditworthiness. Fully digitalised processes and quickly available data from the SCHUFA data pool, the largest data pool in Germany with credit-relevant information, provide the basis for creditworthiness information on potential customers. With almost 20 years of scoring expertise, SCHUFA has been able to continuously improve the accuracy of its algorithm, which is the highest on the market, and even develops customised scores for business areas and target groups on request.
In order to provide companies, including energy suppliers, with a reliable basis for deciding whether to enter into a transaction, SCHUFA offers clear credit assessments based on the latest information. With the help of SCHUFA solutions, it is ultimately possible to exploit opportunities and minimise payment risks
