The CreditRiskMonitor Podcast

In this episode, Mike & Jerry once again take a slight detour into procurement risk analysis, noting the perils faced by companies who continue to rely heavily on single-source supply in a post-pandemic, inflationary world. The duo expands to talk about the current macroeconomic environment and how "every risk evaluator has a plan until they get a punch to the mouth," why aggressive, proactive alternative steps taken such as nearshoring are now en vogue, and finally how SupplyChainMonitor™, CreditRiskMonitor's newest product offering, can fast track an analyst's understanding of risk.

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.