Telecom leader Windstream Holdings, Inc. paid their bills on time right up to their bankruptcy filing – while payment data analysis missed their troubles, the FRISK® score noted their elevated risk level for years.
Over the last two completed calendar years, CreditRiskMonitor's FRISK® score was able to predict U.S. public company bankruptcy at a near 98% rate of success.
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.
Financial risk is very real in public companies. If you're not a CreditRiskMonitor subscriber, you're missing out on the insights from the largest virtual credit group on the planet.
CreditRiskMonitor reported that revenues were $3.48 million and $10.33 million for the three and nine months ended Sept. 30, 2018, respectively, an increase of 2.8% and 3.7% over the comparable periods last year.
U.S.-based mining outfit Westmoreland Coal Company filed for Bankruptcy in Oct. 2018, unable to service it's debt load once loanable collateral had been exhausted.
Ben Unglesbee of RetailDive leverages CreditRiskMonitor FRISK®️ score data to examine the current financial health of mega retailer Neiman Marcus Group LTD LLC.
Inbound Logistics' Sandra Beckwith cites CreditRiskMonitor as a power user of crowdsourcing throughout the supply chain—from product design to final-mile delivery—to better assess risk.