In this episode, Mike & Jerry explore the latest enhancement in private company bankruptcy risk assessment: CreditRiskMonitor's PAYCE® score. The PAYCE® score now covers more than 330,000 private businesses, the vast majority of which are U.S. private companies with annual revenue of more than $5M. And whereas competitors' success rate in predicting most any private company bankruptcy hovers around 50%, the PAYCE® score nails 80% of all reported bankruptcies within 12 months of scoring. The hosts explain how the new PAYCE® score was re-developed, what trends to expect in monitoring private companies in 2023, and why sharing a trade file with CreditRiskMonitor adds even more protection to your portfolio.