CreditRiskMonitor.com Recognized by Spend Matters Fall 2024 SolutionMap
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.
La soluzione SupplyChainMonitor™ di CreditRiskMonitor.com è stata riconosciuta come una delle migliori tecnologie per gli acquisti nella Spend Matters Fall 2024 SolutionMap, eccellendo nella categoria Gestione del Rischio TPRM/SCRM con un focus sul rischio finanziario. La piattaforma ha ottenuto punteggi elevati per il Modellamento del Rischio dei Fornitori e Mitigazione del Rischio dei Fornitori, superando i benchmark del settore in Analisi Avanzate, Tecnologia, Servizio Clienti e Gestione della Prestazione dei Fornitori.
Le principali realizzazioni includono:
- Il FRISK® Score con un'accuratezza del 96% nella previsione del rischio di stress finanziario e fallimento
- Supporto completo per il onboarding e l'implementazione dei fornitori
- Eccellenza nei Servizi di Gestione del Rischio dei Fornitori/SXM
- Capacità di analisi avanzate per un'analisi approfondita dei dati finanziari
Il CEO Mike Flum ha sottolineato l'importanza del monitoraggio continuo del rischio finanziario nella gestione del rischio dei fornitori, posizionando SupplyChainMonitor™ come un fornitore di soluzioni di primo livello in questo settore.
La solución SupplyChainMonitor™ de CreditRiskMonitor.com ha sido reconocida como una de las mejores tecnologías de adquisición en el Spend Matters Fall 2024 SolutionMap, destacando en la categoría de Gestión de Riesgos TPRM/SCRM con un enfoque en el riesgo financiero. La plataforma obtuvo calificaciones sobresalientes en Modelado del Riesgo del Proveedor y Mitigación del Riesgo del Proveedor y superó los puntos de referencia de la industria en Análisis Avanzados, Tecnología, Servicio al Cliente y Gestión del Desempeño del Proveedor.
Logros clave incluyen:
- El FRISK® Score con un 96% de precisión en la predicción del estrés financiero y riesgo de quiebra
- Soporte integral para la incorporación e implementación de proveedores
- Excelencia en Servicios de Gestión de Riesgos de Proveedores/SXM
- Capacidades de análisis avanzados para un análisis profundo de datos financieros
El CEO Mike Flum enfatizó la importancia del monitoreo continuo del riesgo financiero en la gestión del riesgo de proveedores, posicionando a SupplyChainMonitor™ como un proveedor de soluciones de primera clase en este nicho.
CreditRiskMonitor.com의 SupplyChainMonitor™ 솔루션은 Spend Matters Fall 2024 SolutionMap에서 최고의 구매 기술로 인정받았으며, 재무 위험에 중점을 둔 위험 관리 TPRM/SCRM 분야에서 뛰어난 성과를 보였습니다. 이 플랫폼은 공급업체 위험 모델링 및 공급업체 위험 완화에서 높은 점수를 받았고, 고급 분석, 기술, 고객 서비스, 공급업체 성과 관리 분야에서 업계 기준을 초과했습니다.
주요 성과는 다음과 같습니다:
- 재무 스트레스 및 파산 위험 예측에서 96% 정확도를 가진 FRISK® Score
- 공급업체 온보딩 및 구현을 위한 종합적인 서비스 지원
- SXM/공급업체 위험 관리 서비스의 우수성
- 심층 재무 데이터 분석을 위한 고급 분석 기능
CEO 마이크 플럼은 공급업체 위험 관리에서 재무 위험의 지속적인 모니터링의 중요성을 강조하면서 SupplyChainMonitor™를 이 분야의 최상급 솔루션 제공업체로 자리매김했습니다.
La solution SupplyChainMonitor™ de CreditRiskMonitor.com a été reconnue comme l'une des meilleures technologies d'approvisionnement dans le Spend Matters Fall 2024 SolutionMap, se distinguant dans la catégorie Gestion des Risques TPRM/SCRM avec un accent sur le risque financier. La plateforme a obtenu les meilleures notes pour le Modélisation du Risque Fournisseur et Atténuation du Risque Fournisseur, dépassant les références de l'industrie dans Analytique Avancée, Technologie, Service Clientèle, et Gestion de la Performance des Fournisseurs.
Les réalisations clés incluent :
- Le FRISK® Score avec 96% de précision dans la prévision de stress financier et de risque de faillite
- Support complet pour l'intégration et la mise en œuvre des fournisseurs
- Excellence dans les Services de Gestion des Risques Fournisseurs/SXM
- Capacités d'analytique avancées pour une analyse approfondie des données financières
Le PDG Mike Flum a souligné l'importance du suivi continu du risque financier dans la gestion des risques fournisseurs, positionnant SupplyChainMonitor™ comme un fournisseur de solutions de premier plan dans ce créneau.
Die Lösung SupplyChainMonitor™ von CreditRiskMonitor.com wurde als eine der besten Beschaffungstechnologien im Spend Matters Fall 2024 SolutionMap anerkannt und hat in der Kategorie Risikomanagement TPRM/SCRM mit einem Fokus auf finanzielles Risiko hervorragend abgeschnitten. Die Plattform erhielt hohe Bewertungen für Modellierung und Minderung des Lieferantenrisikos und übertraf branchenübliche Benchmarks bei Advanced Analytics, Technologie, Kundenservice und Lieferantenleistungsmanagement.
Wichtige Errungenschaften sind:
- Der FRISK® Score mit 96% Genauigkeit bei der Vorhersage von finanziellen Stress- und Insolvenzrisiken
- Umfassende Unterstützung für das Onboarding und die Implementierung von Lieferanten
- Exzellenz in den SXM/Lieferantenrisikomanagement-Diensten
- Fortschrittliche Analysefähigkeiten für eine tiefgehende Analyse finanzieller Daten
CEO Mike Flum betonte die Wichtigkeit der kontinuierlichen Überwachung finanzieller Risiken im Lieferantenrisikomanagement und positionierte SupplyChainMonitor™ als erstklassigen Lösungsanbieter in dieser Nische.
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VALLEY COTTAGE, NY / ACCESSWIRE / October 7, 2024 / 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, particularly excelling in the Risk Management TPRM/SCRM (third-party risk management and supply chain risk management) category with a focus on financial risk. We also earned top marks for Supplier Risk Modeling and Supplier Risk Mitigation, solidifying our best-in-class position in this niche. When businesses need a point solution that truly addresses financial risk in the supply chain, no one does better than SupplyChainMonitor™. Additionally, SupplyChainMonitor™ exceeded industry benchmarks in Advanced Analytics (reporting), Technology (Automation & AI/ML), Servicing Customers, and Supplier Performance Management, highlighting the unique value SupplyChainMonitor™ brings to supplier risk mitigation.
Spend Matters' SolutionMap is a trusted industry resource that allows practitioners, consultants and investors to evaluate and compare procurement technology solutions based on feature sets and customer satisfaction metrics. The platform enables businesses to make informed decisions through data-driven comparison of leading solutions.
Mike Flum, CEO & President of CreditRiskMonitor.com, expressed his excitement over the recognition:
"Being recognized by Spend Matters as a top performer in Third Party Risk Management with an emphasis on financial risk reporting and analytics continues to validate our position as a best-in-class point solution provider in this niche. As geopolitical and nationalistic pressure combine with the macroeconomic risks from excessive global debt, financial risk will become even more important to supplier risk management, and we are well positioned to help subscribers in implementing the most effective mitigation strategies available. The difference between leaders and stragglers in this regard comes down to continuous monitoring of financial risk rather than relying solely on a one-time check during the onboarding process. Specialized solutions like SupplyChainMonitor™ make leveling up risk management practices easy thanks to our proprietary financial risk scores, in-depth analysis and advanced alerting, empowering clients to proactively avoid costly disruptions before they occur."
Key achievements
CreditRiskMonitor.com's SupplyChainMonitor™ platform was rigorously evaluated based on detailed RFI requirements, live demonstrations, and customer feedback. Exceeding competitive benchmarks in SXM (Supplier Risk Management), the platform demonstrated a strong competitive edge in managing and mitigating supplier-related risks, while also meeting or nearing the top of industry benchmarks across all categories except Knowledge Management.
"Yet it can seem like a near impossible task to compare solutions on an apples-to-apples basis given how fast the tech world is changing with generative AI and other new innovations. The Spend Matters Fall 2024 Insider dataset unpacks the product and company landscape in a new and even more granular way than before based on demonstrated functional capability of solutions and objective customer satisfaction metrics" said Jason Busch, Founder & Board Member, Spend Matters.
Among the platform's standout features:
FRISK® Score Accuracy: With a proven
96% accuracy in predicting a company's financial stress and bankruptcy risk over a 12-month period, the FRISK® Score solidifies our leadership in financial risk management, particularly within the SXM/Supplier Risk Management category. Updated daily, our score provides real-time risk monitoring, a key distinction that sets us apart from competitors who refresh their scores less often.Comprehensive Service Support: Our Platform/Services capabilities offer robust support for supplier onboarding and implementation, including an add-on product for submitting confidential financial statements from our customers' private suppliers. Our Confidential Financial Statements Solution (CFSS) leverages AI for automated extraction, analysis, and bankruptcy risk scoring of private company counterparty financial statements. Read more about the Confidential Financial Statements Solution.
Supplier Onboarding & Data Management: We excel in SXM/Supplier Risk Management Services, with a strong emphasis on supplier onboarding and data management activities such as data cleansing and profile management. Additionally, we advocate for the continuous monitoring of suppliers for financial distress, enabling businesses to proactively mitigate quality fade and supply disruptions before they impact revenue-generating activities.
Advanced Analytics: Our Platform/Analytics capabilities empower users to leverage an extensive set of KPIs and perform deep financial data analysis through a streamlined, intuitive interface.
Pierre Mitchell, Chief Research Officer at Spend Matters, emphasized: "Beyond feature/function, we look at the platform elements to see what's real and what's not. Some users look for configurability, others don't. We reflect buyer needs against, for instance, the application of AI, user experience, low-code platforms. With SolutionMap, procurement has this information at their fingertips."
About CreditRiskMonitor
CreditRiskMonitor.com, Inc. is a leader in global business intelligence and predictive financial risk analytics. For over 25 years, our Company has been trusted to mitigate business-to-business (B2B) financial risk for thousands of companies worldwide, including nearly
CreditRiskMonitor® is used by credit, finance, treasury, and risk professionals to support better decision-making in the extension of trade credit and related activities.
SupplyChainMonitor™ is used by supply chain, procurement, logistics and finance professionals to support better decision-making in supplier relationship management and enables timely deployment of risk mitigation strategies for financially challenged suppliers.
Learn more about how CreditRiskMonitor.com helps protect your supply chain at www.creditriskmonitor.com.
About Spend Matters
Solution Intelligence for Procurement: Spend Matters started as the first blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing and sales, product and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, finance and supply chain technology ecosystem.
CreditRiskMonitor Contact
Mike Flum
ir@creditriskmonitor.com
(845) 230-3037
Spend Matters Contact
Dina Cutrone
dcutrone@spendmatters.com
SOURCE: CreditRiskMonitor.com, Inc.
View the original press release on accesswire.com
FAQ
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