TransRisk
About the project
Trans.eu provides IT services for the transport branch. The project is a system indicator, being a part of the platform, used to assess the financial credibility of the contractor. The system estimates the probable security of a transaction based on historical data collected in the system.
Challenges
The main challenge was to decrease the impact of one of the most common problems in the transport industry - unreliable contractors. We've helped trans.eu to improve the financial credibility index by collecting data from various sources (e.g. issued invoices and their status, the number of transactions and offers, and the order status).
Solutions
We've connected to the sources of databases used for calculations, directly through import to relational databases as well as to external databases through the API. We've collected all the data needed for the calculation in one place. Next, we processed this data using the algorithm calculated on the basis of weights and presented it in the form of one indicator, which was updated live.
Tech stack
Results
On the basis of the data a specially prepared algorithm calculates the scoring of companies. The algorithm is daily updated on the Trans.eu exchange and it is accessible for all users. Currently, the TransRisk algorithm contains over 170 000 events which every time calculate all variables. Our solution has significantly increased the number of positive transactions in the platform.
Testimonials
Such a big number of variables and the desire to constantly improve the algorithm pose huge challenges. That is why I value cooperation with fireup.pro in constant development of the solution. Our plans are equally interesting.
Grzegorz Szydłak,
Product Owner, Trans.eu
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