What is rating in SAP XAP-IC - Industry Composite?

SAP Term: rating

• Component: XAP-IC

• Component Name: Industry Composite

• Description: The measurement of an idea based on the community's opinion. Each user that can display and comment on an idea can also vote for an idea by assigning between 1 and 5 stars. The system counts all the votes and calculates the average number of stars based on all the individual votes.

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• Key Concepts: 
  Rating is a measure of the creditworthiness of a company or other entity. XAP-IC Industry Composite is a rating system developed by SAP that provides an industry-specific rating for companies in the same industry. It is based on a combination of financial and non-financial factors, such as customer satisfaction, market share, and profitability. 
  
  How to use it: 
  The XAP-IC Industry Composite rating system can be used to assess the creditworthiness of companies in the same industry. It can be used to compare companies within an industry and to identify potential risks associated with investing in a particular company. 
  
  Tips & Tricks: 
  When using the XAP-IC Industry Composite rating system, it is important to consider all factors that may affect a company's creditworthiness. This includes both financial and non-financial factors, such as customer satisfaction, market share, and profitability. 
  
  Related Information: 
  The XAP-IC Industry Composite rating system is part of SAP's Credit Risk Management solution. This solution provides a comprehensive view of credit risk across an organization and helps organizations manage their credit risk more effectively.