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.
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CreditRiskMonitor reported revenues of $18.9 million, an increase of approximately $953 thousand or 5%, for the year ended December 31, 2023, as compared to 2022.
CreditRiskMonitor and Allianz Trade, the world’s leading trade credit insurer, are pleased to announce the approval of CreditRiskMonitor as a Discretionary Credit Limit (DCL) report provider in the U.S.
What if you knew that our company saves clients an incredible amount of time and money with more accurate – and thereby useful – private company risk solutions compared to Dun & Bradstreet?
A dormant debt powder keg ignited in 2023; as bankruptcies continue to explode in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation.
Credit professionals use CreditRiskMonitor®’s Trade Contributor Program to gain quality, real-time insights into their accounts receivable portfolio. We collect in excess of $2 trillion in trade data annually from our trade providers. After processing this data, we work with credit professionals to be more proactive and tactical with their accounts receivable to make healthier business decisions.
Public and private companies need to be proactively evaluated in distinct, different ways by risk management professionals - fortunately, with the FRISK® score and PAYCE® score, CreditRiskMonitor has world-class solutions for both subportfolios.
Optimal assessment of public company bankruptcy risk requires the balanced, holistic analysis provided by the FRISK® score.
Deep cracks are surfacing in global corporate debt markets. The timing of corporate bankruptcies is always difficult to predict, yet FRISK® score trends show that the odds of a bankruptcy wave have measurably increased.