CreditRiskMonitor recently interviewed Patrick Spargur, an experienced commercial debt collections executive, and former credit manager, on the economic downturn and relevant credit industry best practices to use in this challenging environment.
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CreditRiskMonitor.com, Inc., a global provider of financial risk analytics and business intelligence, today announced the successful completion of its first System and Organization Controls (SOC) 2® Type I report for cybersecurity.
When WW International (Weight Watchers) filed for bankruptcy, credit professionals relying solely on financial-based models like the Z''-Score did not detect the company’s financial distress. CreditRiskMonitor’s 96%-accurate FRISK® Score – a real-time, hybrid model – flagged WW International’s financial distress well in advance, offering a crucial early warning. This case underscores the power of combining financial data, stock market performance, aggregate insider sentiment, and agency ratings for precise bankruptcy predictions.
In 2025, U.S. corporate bankruptcies increased for the third consecutive year. Total Chapter 11 and Chapter 7 bankruptcies climbed above 22,000, about 18% higher than the 10-year average of 18,700. Trailing 12-month Q3 2025 bankruptcy filings also reached a 11-year high, according to U.S. Courts data.
CreditRiskMonitor.com, Inc. reported operating revenues of $5.1 million, an increase of approximately $85 thousand or 2%, for the third quarter of fiscal 2025 compared to the same period of fiscal 2024.
CreditRiskMonitor is proud to announce a new partnership with Esker, a worldwide leader in AI-driven process automation software used by more than 6,000 companies worldwide.
CreditRiskMonitor.com, Inc. today announced that its Board of Directors has appointed Shyarsh Desai as Chief Operating Officer, effective March 19, 2025 and previously reported in the Company’s Form 10-K filing on March 20, 2025.
CreditRiskMonitor reported operating revenues of $4.8 million, an increase of approximately $218 thousand or 5%, for the first quarter of fiscal 2024 compared to the same period of fiscal 2023.