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CreditRiskMonitor.com, Inc. (CRMZ) is a specialized provider of financial risk analytics and commercial credit reporting, offering a suite of web-based, Software-as-a-Service (SaaS) subscription products designed for corporate credit, supply chain, and finance professionals. The company delivers comprehensive solutions that help businesses proactively manage financial risks, including bankruptcy risks, counterparty assessments, and supply chain disruptions. With a focus on actionable insights and predictive analytics, CreditRiskMonitor empowers organizations to make informed decisions in mitigating financial exposure.
Core Offerings and Proprietary Tools
CreditRiskMonitor's product suite includes detailed commercial credit reports, bankruptcy risk scores, and curated financial news on over 57,000 public companies and numerous private entities. At the heart of its offerings is the proprietary FRISK® score, a predictive bankruptcy risk model proven 96% effective in identifying companies at risk of financial distress. Additionally, the PAYCE® score provides insights into payment behavior trends, while the company's Confidential Financial Statements Solution streamlines private company risk assessments by delivering standardized financial spreads and risk scores without manual data entry.
The company's newest platform, SupplyChainMonitor™, extends its expertise into supply chain risk management. This tool enables users to assess counterparty risks across various dimensions, such as geography and industry, and provides real-time mapping capabilities with natural disaster overlays. These features are particularly valuable for procurement, sourcing, and supply chain professionals seeking to monitor and mitigate risks within their supplier networks.
Business Model and Revenue Streams
CreditRiskMonitor operates on a subscription-based SaaS model, generating recurring revenue from a diverse customer base that includes nearly 40% of the Fortune 1000 and over a thousand other large corporations worldwide. Subscribers benefit from timely alerts, peer analysis, financial ratios, and curated news, all accessible via intuitive web-based platforms. The company's innovative pricing models, such as consumption-based credits for its Confidential Financial Statements Solution, further enhance its value proposition by aligning costs with usage.
Market Position and Competitive Edge
As a key player in the B2B financial risk analytics market, CreditRiskMonitor stands out for its proprietary scoring methodologies, extensive data coverage, and customer-centric solutions. Unlike generic credit reporting services, the company's tools are tailored to the specific needs of corporate credit and supply chain professionals, offering deeper insights and higher predictive accuracy. Its Trade Contributor Program, which processes approximately $3 trillion in transaction data annually, adds a unique layer of granularity to its analytics. Additionally, the integration of AI and machine learning into its operations enhances both the accuracy of its analytics and the efficiency of its services.
Customer Base and Industry Impact
CreditRiskMonitor serves a wide range of industries, from manufacturing and retail to financial services and logistics. Its tools are indispensable for organizations aiming to stay ahead of financial risks, particularly in an era of increasing corporate bankruptcies and geopolitical uncertainties. By providing timely, actionable data, the company plays a critical role in helping businesses navigate complex financial landscapes, ensuring continuity and resilience in their operations.
Why CreditRiskMonitor Matters
In today's volatile economic environment, the ability to anticipate and manage financial risks is more crucial than ever. CreditRiskMonitor's comprehensive analytics, proprietary scores, and innovative platforms make it a trusted partner for businesses worldwide. Whether it's assessing the bankruptcy risk of a key supplier or monitoring the financial health of a potential customer, CreditRiskMonitor equips professionals with the tools they need to make data-driven decisions with confidence.
CreditRiskMonitor (OTCQX:CRMZ) reported Q3 2024 operating revenues of $5.0 million, up 5% year-over-year, with pre-tax income reaching $716 thousand, an increase of $222 thousand compared to Q3 2023. The improved profitability was attributed to reduced salary expenses, lower customer acquisition costs, and increased interest income.
The company expects short-to-medium term profitability to decrease due to increased investments in data, technology, and employee upskilling. Their SupplyChainMonitor™ platform continues to gain new clients and was recognized as a top provider of financial risk analytics by Spend Matters. The company is also enhancing its news systems with new natural language techniques to improve content tagging and analysis.
CreditRiskMonitor.com's SupplyChainMonitor™ solution has been recognized as a top procurement technology in the Spend Matters Fall 2024 SolutionMap, excelling in the Risk Management TPRM/SCRM category with a focus on financial risk. The platform earned top marks for Supplier Risk Modeling and Supplier Risk Mitigation, and exceeded industry benchmarks in Advanced Analytics, Technology, Servicing Customers, and Supplier Performance Management.
Key achievements include:
- The FRISK® Score with 96% accuracy in predicting financial stress and bankruptcy risk
- Comprehensive service support for supplier onboarding and implementation
- Excellence in SXM/Supplier Risk Management Services
- Advanced analytics capabilities for deep financial data analysis
CEO Mike Flum emphasized the importance of continuous monitoring of financial risk in supplier risk management, positioning SupplyChainMonitor™ as a best-in-class point solution provider in this niche.
CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) reported Q2 2024 operating revenues of $4.9 million, a 5% increase from Q2 2023. However, pre-tax income decreased by $423,000 to $170,000, primarily due to increased expenses. CEO Mike Flum attributed this to continued investment in data, technology, marketing, and employee upskilling to support future growth.
The company highlighted rising corporate bankruptcy filings and increased global business failure risks as potential drivers for demand. CreditRiskMonitor's new Confidential Financial Statements Solution and SupplyChainMonitor™ platform are receiving positive market feedback. The company serves nearly 40% of Fortune 1000 companies and provides comprehensive credit reports, bankruptcy risk analytics, and supply chain risk management solutions.
CreditRiskMonitor (OTCQX:CRMZ) announced the appointment of Jennifer Gerold as Chief Financial Officer and David Reiner as Chief Accounting Officer, effective May 23, 2024.
Gerold, succeeding Steven Gargano, brings data-driven decision-making expertise aimed at supporting the company’s profitable growth objectives. Reiner, with 11 years of increasing responsibility at the company, will enhance accounting, HR, and facilities processes.
CreditRiskMonitor, a leader in predictive financial risk analytics, provides SaaS products like CreditRiskMonitor and SupplyChainMonitor, aiding corporate credit and supply chain professionals in managing financial risk efficiently.
These appointments align with the company's operational improvement initiatives, positioning it for sustainable growth.
CreditRiskMonitor (OTCQX:CRMZ) reported its first quarter results for fiscal 2024 with operating revenues of $4.8 million, marking a 5% increase compared to the same period in fiscal 2023. However, pre-tax income decreased by approximately $189 thousand, totaling $166 thousand, primarily due to higher expenses related to employee compensation and third-party content. CEO Mike Flum highlighted the company's strategic investments in new data, technology, marketing, and employee development aimed at supporting long-term revenue growth. Demand for products is rising due to increasing corporate bankruptcies and geopolitical risks. The company's new Confidential Financial Statement Solution has received positive feedback, particularly for its innovative pricing model that charges only upon receiving a risk score. Moving forward, CreditRiskMonitor anticipates significant interest from the credit community at upcoming industry events.
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