CEOCFO Magazine recently spent some time with CreditRiskMonitor President & COO, Mike Flum, to learn about our company and the treacherous landscape both credit and procurement risk evaluators are traversing in this age of rising debt, inflation, and interest rates the world over
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Now is the time for anyone who has neglected establishing a strong credit culture to learn how to best sound the alert, arming yourself with CreditRiskMonitor’s offerings.
Frontier and Windstream have reported poor customer retention and experienced pricing weakness over the last few years, resulting in earnings decline. The most telling sign is the concern exhibited through our proprietary subscriber crowdsourcing data.
In 2022, end users are leveraging CreditRiskMonitor’s API to improve workflow efficiency, and communicate reliable, reputable data across their entire teams. This scalable data provides automation for company evaluations to improve credit reviews, cash collections, and minimize receivable write-downs.
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.
As the likelihood of an economic downturn continues to intensify, public companies across cyclical industries like trucking should be monitored closely.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how credit manager crowdsourcing play a role.
Certain residential homebuilders are performing adequately, like PulteGroup, Inc., while others like Hovnanian Enterprises, Inc. remain severely exposed to credit risk.