The hagebau Handelsgesellschaft für Baustoffe mbH & Co. KG was founded in 1964 by a group of 34 building material suppliers and today has over 1,730 locations with its 360 shareholder companies. It has 1,462 employees in eight countries. The hagebau Group offers its shareholders in retail and wholesale a wide range of services and supports them in all areas of their business activity.
By taking over the credit risk function for shareholders, the headquarters now carries a large part of the business risk. In order to assess this risk correctly at any time and to react without delay, but also to advise the various shareholders optimally in their business activities, the hagebau Group decided to introduce FINOYO, the tool for the preparation of standardized balance sheets and the comparison of key figures.
Using FINOYO, it is possible for the headquarters to analyse around 900 annual reports each year and correctly evaluate the economic situation of the shareholders' companies taking into account further data such as creditworthiness reports. For this purpose, hagebau's own ratings are calculated and stored in the system. These measures enable a risk classification of the entire portfolio and form the basis for the setting of individual conditions.
With the integrated module Benchmarks & Peer Groups it is also possible to carry out extensive comparisons on the basis of flexible criteria and thereby make use of valuable, available data effectively. In consultations the shareholders receive an in-depth, professional insight into their financial situation, on the basis of which they are able to determine options for action.