Compare
A fair comparison: what you use today, and what the engine adds
Anyone weighing a risk engine compares it with what they do today: a spreadsheet, the aging report in their system, a credit information report, or nothing at all. Each of those does something well, and we say so.
Below is a comparison of ways to read the risk in your ledger. The engine is a subscription that supports your decision and never takes it for you.
Every alternative does something well
A credit information report sees what your ledger can't: records lenders share across the market. A spreadsheet carries the judgment of the person who knows the customer. The aging report in your system is free and accurate at what it measures. And staying as you are costs nothing today.
A comparison that makes every alternative look wrong is an advert, and this page isn't one.
Side by side
Five ways to read your ledger
| Criterion | A manual spreadsheetSomeone copies it out of the system and judges it | Your system's aging reportHow much is late, and since when | A credit information reportHow the counterparty pays others | NothingMemory and the relationship | The Fkah engineYour own ledger, invoice by invoice |
|---|---|---|---|---|---|
| What it reads | Whatever someone copied out of the system, as of the day they copied it | Your ledger as it sits in the system | Records lenders share about the counterparty across the market | Memory and the relationship | Your own ledger, both sides, invoice by invoice |
| Invoice checks | None | None; it takes the invoice as it is | None; it never sees your invoices | None | Integrity checks, the e-invoice stamp and duplicates, on every invoice |
| A score and its reasons | A personal judgment, in a column if someone wrote one | No score; aging only | A score on the counterparty as a whole, from market records | None | A score from 0 to 100 with a plain word, and the reasons under it line by line |
| Late government payment | However the person filling it in classes it | Late, like anything late | Usually outside its scope | Known from experience | Timing, not default, with the government share shown on its own |
| What changed, and when | When someone opens the file | Today's snapshot, with no reason | When you order a new report | When the payment is late | With every update, with the reason and the date |
| Who keeps it up | One person, who is often the only one who understands it | Nobody; it comes with the system | Nobody; you buy it when you need it | Nobody | Connect your system once through the connectors or the data pool, and it keeps itself up to date |
| How it's paid for | Time | Included in the system | A fee per report | Nothing today | A subscription by package and tier |
| Suits | A small ledger its owner knows name by name | One question: how much is late, and since when | A new counterparty you have no history with | A ledger with no concentration and no credit terms | A ledger that buys or sells on credit and is concentrated on a few names |
Everything said here about the alternatives describes their type in general, not a particular product. We name no provider.
Fairly
Where each one wins, and where it stops
- 01
A manual spreadsheet
- Wins
- It holds what no system does: the knowledge of the person who knows the customer.
- Stops
- It stops at that person's limits, and goes stale the day they leave.
- 02
Your system's aging report
- Wins
- Accurate and free at its question: how much is late, and since when.
- Stops
- It can't tell a late payer who will pay from one who won't, and never looks at the invoice itself.
- 03
A credit information report
- Wins
- It sees what your ledger never will: how the counterparty pays others across the market. For a new counterparty, nothing replaces it.
- Stops
- It reads the counterparty as a whole, not your relationship with it. It never sees your invoices, and it's fixed on the day you ordered it.
- 04
Nothing
- Wins
- It costs nothing today, and for a small ledger it may be enough.
- Stops
- Default reaches you first as a late payment, then as news. Nobody tells you when it started.
- 05
The Fkah engine
- Wins
- Your own ledger, both sides, with evidence you can see: invoice by invoice, reason by reason, with every change.
- Stops
- It reads your own ledger, plus official sources you choose, such as Wathq and the statements your customer shares with you. It doesn't know how your customer pays others, doesn't decide for you, and sets no limit.
Credit information reports and the engine
Two different questions, not rivals
The report answers: how does this counterparty deal with the market? The engine answers: how does it deal with me, are its invoices sound, and where is my ledger concentrated? A careful finance team reads both. The engine doesn't sell the first, and doesn't claim to.
The engine is not a credit information service. It doesn't collect payment behaviour on third parties and sells no assessment of anyone.
Try the engine on your own ledger
Tell us about your ledger and your system, and we'll show you how the engine reads it. The packages and how the subscription works are on the packages page; for details, contact the team.