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The AI-driven FRISK® Score predicts bankruptcy with 96% accuracy, serving as a first-line-of-defense for risk professionals worldwide. In 2024, the FRISK® Score accurately identified 206 of 215 public company bankruptcies as “high-risk” at least 3 months before filing.

Our subscriber survey results show an impressive Net Promoter Score (NPS) of 77, ranking as excellent on a scale from -100 to +100. Discover the ratings from our customers and how we stack up against the broader SaaS industry. Click to learn more!

Specialty retailer, The Container Store Group, Inc., filed for bankruptcy on December 22, 2024. The FRISK® Score had signaled the company’s financial distress for 12 consecutive months, providing early warning to subscribers. Yet the company’s Days Beyond Terms Index, a measure of historical trade payment performance, persistently indicated prompt payment behavior. The divergence between these indicators is known as the “Cloaking Effect”.

This editorial by Spend Matters features an engaging discussion with Mike Flum, CEO and President of CreditRiskMonitor, exploring how our customers perceive risk and their expectations for our solutions. Key topics include the growing demand for risk-focused technology and evolving customer needs shaping our product development. View the editorial to learn more!

CreditRiskMonitor.com, Inc. reported operating revenues of $5.0 million, an increase of approximately $217 thousand or 5%, for the third quarter of fiscal 2024 compared to the same period of fiscal 2023. 

Major discount retailer, Big Lots, Inc. filed for bankruptcy on September 9, 2024. Importantly, both payment-based (DBT Index) and financial-only based models (Z’’-Score) failed to warn about this company’s bankruptcy risk. Conversely, the FRISK® Score provided warning for more than a year, enabling clients to mitigate their trade credit exposure.

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.

By tracking the behavior of credit managers and other professionals, crowdsourcing becomes the critical advantage that CreditRiskMonitor subscribers gain.

Our highly influential subscribers use our fundamental service to help them make decisions affecting billions of dollars of purchase and sale transactions every month.

CreditRiskMonitor reported operating revenues of $4.9 million, an increase of approximately $251 thousand or 5%, for the second quarter of fiscal 2024 compared to the same period of fiscal 2023. 

Conn’s suffered from persistent declines in same store sales, caused by “lower discretionary spending for home-related products.” The acquisition of W.S. Badcock, LLC also contributed to higher financial leverage and ultimately an untenable balance sheet.

CreditRiskMonitor today announced that its Board of Directors has appointed Jennifer Gerold as Chief Financial Officer and David Reiner as Chief Accounting Officer, effective May 23, 2024.