CreditRiskMonitor reported operating revenues of $4.55 million, an increase of 5%, for the three months ended Sept. 30, 2022, as compared to the third quarter of fiscal 2021.
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CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) is pleased to announce that its SupplyChainMonitor™ solution has been recognized as a top procurement technology in the Spend Matters Fall 2024 SolutionMap.
CreditRiskMonitor.com, Inc. is pleased to announce that its SupplyChainMonitor™ solution has been recognized once again as a top procurement technology – now in the Spend Matters Fall 2025 SolutionMap.
The FRISK® score routinely identifies zombies across all industries. In fact, total high-risk companies worldwide have increased by nearly 50% since October 2021, which indicates another wave of bankruptcies is on the horizon.
Optimal assessment of public company bankruptcy risk requires the balanced, holistic analysis provided by the FRISK® score.
Knowledge of how and when to react to a business defaulting is essential; cutting ties with a customer or supplier too soon could lead to a missed sales opportunity, while being too late can result in financial loss.
While risk analysis professionals may be tempted to use the statistical FRISK® score as a component within a different model, such as one that is rules-based, doing so may generate suboptimal results.
As commercial bankruptcies continue to rise, tracking supplier financial risk should be a strategic priority. When suppliers become financially distressed or fail, they can quickly trigger disruptions across the supply chain. Because organizations often rely on hundreds to tens of thousands of suppliers, mitigating this risk requires clear supplier classification, actionable financial risk insights and collaboration across departments. Risk monitoring platforms provide the most cost-effective means to accomplish this.
Supplier financial risk in China calls for increased scrutiny. Now is the time to proactively leverage tools like the FRISK® score to conduct objective audits of your prospective and existing suppliers as supply chains restructure.