Explore our new FAST Rating and Risk Level enhancements in our on-demand webinar.
Leveraging AI for accurate private company bankruptcy risk assessment, we have been successful in predicting 70% of bankruptcies thus far in 2019 (Q1 through Q3) with the PAYCE® score.
CreditRiskMonitor recently debuted its new PAYCE® score, a highly accurate measure of bankruptcy risk when no financial statements are available for private companies.
The automotive industry faces financial distress, with rising consumer auto loan defaults, supplier bankruptcies, and widespread high-risk conditions. Recent PAYCE® Score data from SupplyChainMonitor™ revealed four private company bankruptcies and identified over 600 U.S. automotive firms in High Risk status. Sourcing professionals can map suppliers, monitor financial health, and receive early alerts on critical disruptions - such as the Novelis plant fire and financial strain at HP Pelzer and Superior Industries.
CreditRiskMonitor's PAYCE® score is providing advanced warning on some high-profile private company bankruptcies already in 2023, with Simmons Bedding Company at the top of the list.
First Brands Group, a large privately-held auto parts manufacturer, filed for Chapter 11 bankruptcy protection. Our AI-driven PAYCE® Score warned of elevated bankruptcy risk for over a year, whereas the Payment Behavior Score continuously signaled prompt payments.
In September, Tricolor Auto Group, a privately-held auto dealer and subprime lender, filed for Chapter 7 bankruptcy liquidation. Our 80%-accurate PAYCE® Score warned of elevated bankruptcy risk for 12 consecutive months, enabling clients to identify and mitigate risk exposure. Learn how our AI-driven financial risk analytics provide clear, actionable insights every day.
Powered by crowdsourcing and deep neural network technology, CreditRiskMonitor® uses two proprietary scores – FRISK® and PAYCE® – to more accurately predict financial risk at public and private companies, respectively.
We will be an exhibitor at ISM World 2026, a leading global conference for procurement and supply chain professionals to explore industry trends, share best practices, and connect with solution providers driving smarter risk and supplier management. Join us at the event to discuss our SupplyChainMonitor™ platform, supplier financial risk, and more.
CreditRiskMonitor.com, Inc., a global provider of financial risk analytics and business intelligence, today announced the successful completion of its first System and Organization Controls (SOC) 2® Type I report for cybersecurity.