CreditRiskMonitor Announces Partnership with HighRadius

VALLEY COTTAGE, N.Y. - Sept. 13, 2019 - CreditRiskMonitor (OTCQX: CRMZ) is proud to announce a new partnership with HighRadius, a Fintech enterprise Software-as-a-Service (SaaS) company which leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes.

In the spirit of aiding credit, procurement and treasury professionals stay ahead of financial risk, the linkup of CreditRiskMonitor and HighRadius allows for a whole new audience to unlock the power of the FRISK® score: a 96%-accurate daily read on bankruptcy risk hidden within more than 56,000 corporations worldwide. This integration is executed through an API for HighRadius subscribers.

“HighRadius does marvelous work in saving people time and effort when making crucial financial decisions,” said Jerry Flum, CreditRiskMonitor CEO. “With the FRISK® score in their dashboard, we think that their clients will quickly realize that public companies account for far more dollars at risk than they ever thought possible.”

The HighRadius® Integrated Receivables platform reduces cycle times in an order-to-cash process by automating receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions and collections.

“This partnership has the potential to be a home run for both sides,” said Bill Weiss, Vice President of Business Development for HighRadius. “CreditRiskMonitor’s unique data metrics, led by their FRISK® score, gives our clientele the most accurate look into the financial health of some of the biggest companies in the world. And in turn, HighRadius provides Artificial Intelligence based automation that is transforming how credit departments use data.

“Importing what CreditRiskMonitor can provide so that HighRadius users can get real-time risk assessments on demand, in competitive sectors like energy and technology, is a perfect fit.”