KREEDIX OÜ was established in 2004, offering clients debt management services. Kreedix OÜ has a current portfolio of claims of over 250 million euros and business clients are provided with full credit management services – credit monitoring, analysis of claims, background research, credit ratings, monitoring, legal aid before and during court proceedings, enforcement proceedings and credit insurance. Kreedix OÜ has long-standing customers who use credit management services on a regular basis. In addition, we offer free-of-charge solutions for SMEs in introducing credit policies and dealing with debtors. In 2009, REGISTER OÜ was founded, as a subsidiary to KREEDIX OÜ, specialising in developing IT solutions necessary for credit management. Register OÜ gathers data straight from original sources and terabytes of information are pooled together on a weekly basis, from which millions of facts are then separated regarding Estonian enterprises and related persons. Analytical models based on this data enable us to identify payment patterns and prevent credit loss.
Up to 600,000 unique visitors per month
Around 85% of the working age population of Estonia
REGISTER OÜ API enables machine-readable business information from the Inforegister platform for Your systems – either as real-time or request-based updates. Information from various national and private sources on tax liabilities and debts, annual reports, taxes paid, legal details and board members is delivered quickly and conveniently straight to the entrepreneur.
REGISTER API provides a multitude of analytics (KPI) on Estonian as well as international companies.
On Storybook, information on annual report financial indicators, trends and ratios for the last financial year (2018) as well as a prognosis for the ongoing year (2019) is available about each Estonian company.
In modelling the prognosis of finances, we used past data about companies’ quarterly turnovers (source: EMTA) and the financial indicators from annual reports of previous years (source: Commercial Register), then converted annual indicators into quarterly ones and weighted them. We also included seasonal changes and trends in fields of activities (EMTAK: 5 levels) into our model. For companies that have not published their quarterly turnovers but data on taxes paid (including the number of employees) is available, we modelled prognosis of turnover based on annual reports of previous years, adding to this labour taxes and number of employees – we then obtained quarterly weights of temporal series for a financial prognosis for the years 2018 and 2019.
Using machine learning methods, we identified the trends and average (optimal) weights in balance sheet and income statement rows for annual report weighted indicators; and in accordance with turnover prognosis we modelled the remaining financial indicators for the financial year with optimal weights.
REGISTER OÜ developed an analytical Reputation Score model that deploys derivatives developed by experts in the field; based on these derivatives variables for business management processes were defined and their influence was measured – all in all close to 1,200 variables were used. The results were converted to companies according to company size and influential factors were obtained. The data-science-based Reputation Score also uses variables retrieved from online data.
The Reputation Score is based on the combination of quality measures of five business management processes: brand management, credit management, sales management, personnel management and asset management.
Inforegister and Storybook – the most visited business portals in Estonia today are the best environment to address Your partners as 99% of the visits to the page are business-oriented. Storybook has set up a personal media page for each Estonian company and furnished these with a variety of articles. The one that has sparked most interest is the Sob Story; but others have all had their fair share of attention, such as the Success Story, the Person’s Story, the Export Story, the Public Procurement Story, the Sleeping Beauty Story, the Final Days, the Activity Story etc. There are altogether around 1.5 million Stories about Estonian enterprises and entrepreneurs. All companies have the opportunity to manage their media page, to add stories etc.
STORYBOOK OÜ, SUBSIDIARY TO REGISTER OÜ
In 2019, STORYBOOK OÜ was founded as a subsidiary owned 100% by Register OÜ. STORYBOOK OÜ manages the online environment scorestorybook.ee that produces Stories – fully automatic articles about Estonian enterprises and entrepreneurs based on facts (numeric values) and analytical models (score), according to events, activities etc. in the company. Furthermore, it shows additional interactive graphs etc.
ScoreStorybook is a European Union Trademark registered with the EUIPO.
STORYBOOK media page
KREEDIX KREDIIDIMAAKLER OÜ
In 2016, KREEDIX KREDIIDIMAAKLER OÜ (KREEDIX INSURANCE BROKER OÜ) was established as a subsidiary owned 100% by Kreedix OÜ with 30,000€ share capital. The company offers credit insurance services and received an operating licence from Finantsinspektsioon in 2017.
Inforegister’s Credit Score is an analytical model created by Estonian top scientists using machine-learning methods. The model predicts with 99.5% accuracy the possibility of insolvency or compulsory liquidation within the next 12 months and expresses the maximum probability of the scored company not meeting its obligations to the creditor. The model uses close to 200 variables in its prognosis. The Credit Score created by Register OÜ received mention in the internationally acclaimed CAiSE conference Conference Papers.
ESTONIAN CREDITORS ASSOCIATION
In 2015, Marie founded the not-for-profit organisation Estonian Creditors Association (Eesti Võlausaldajate Liit, www.evul.ee) that addresses key issues regarding insolvency and credit risk at the state level. The Association has a vigorously growing membership and excellent co-operation with a variety of specialised associations, the Estonian Bar Association, the Prosecutor’s Office, the Estonian Tax and Customs Board, the Ministry of Justice and the Economic Crime Department.
In 2011, the online environment INFOREGISTER was launched, pooling together and structuring information on Estonian enterprises and entrepreneurs from national registers, public databases, the Internet and companies themselves. The environment enables effective management of different business processes in companies: credit management, marketing and sales, finding suppliers (co-operation partners), monitoring of companies and management board members (monitoring of activities).
REGISTER OÜ, SUBSIDIARY OF KREEDIX
THE ESTABLISHMENT OF KREEDIX OÜ
KREEDIX OÜ was founded on 18th June, 2004 and started economic activities immediately. The company provides credit management services and over the years has implemented effective credit management policies in thousands of Estonian enterprises.
The founder and owner of the company is Marie Rosin. She started her career in banking and has 20 years of experience in financial management. Providing services to large companies enabled her to develop skills in working capital management and credit analysis, which has been her focus for the last 15 years. Marie has a Master’s degree in Business Management, specialising in Financial Management.
KREEDIX media page
FUTURE PLANS 2019
Invoice based credit insurance in 2 minutes (Estonian market)
up to 600,000 unique visitors per month
Around 85% of the working age population of Estonia
Unique credit management solutions – Using credit management, we guarantee the collection of even the most hopeless claims.
Insurance solutions both by invoice and portfolio. Pay for the insurance cover yourself or direct the payment to the beneficiary – 100% guarantee
INFOREGISTER.ee – collected and organized information about Estonian companies and managers from state registers and other databases.
The information is enriched with analytical models. We also release information through API.
SCORESTORYBOOK.ee – a modern business information channel that automatically produces articles about Estonian companies and their managers.
The channel is open for everyone to publish news in Estonia and international markets.
Choose a personalized list of sales leads from 230,000 Estonian companies or from companies of 81 foreign countries with matching keywords – ca 123 118 500 foreign companies all together.