Many risk professionals, just like you, are participating and reaping benefits from our Trade Contributor Program with no cost or obligation. By contributing trade data, risk professionals are able to enhance their understanding of their counterparties and identify those posing significant threat to their DSO (Days Sold Outstanding) and other performance metrics.
Receive the following benefits when you join our program:
- Get action reports that identify risk in your counterparties by highlighting your receivables at risk, slow payers, hidden slow payers, and hidden high risks
- See a stratified view of your receivable dollars by risk of bankruptcy probability
- Identify those subsidiaries in your portfolio that are financially impacted by their public parent corporations
- Receive alerts about public and private company bankruptcies
Get our new private company score at no cost.
There has never been a better time to contribute trade to CreditRiskMonitor® since we are offering up our private company PAYCE® score, now with greatly expanded private company coverage and an uplift to 80% accuracy in predicting all declared bankruptcies.
The new PAYCE® score:
- Predicts the risk of bankruptcy in the next 12 months with improved accuracy and precision
- Covers more than 330,000 private businesses; further, we believe the score covers the vast majority of U.S. private companies with annual revenue of $5M+, in line with NAICS data published in February 2022
- Captures 80% of all reported bankruptcies within 12 months of scoring
- Distilled highest-risk classification: ~50% of reported bankruptcies scored as PAYCE® "1" or "2" before filing; the group only represents 2.5% of the population
Then there's the Trade-Only option.
Not convinced that using trade payment performance to gauge the risk of bankruptcy for public companies is dangerous and essentially constitutes professional malpractice? Alternatively, perhaps you are convinced that you are one of the few medium-to-large companies in existence who do not earn a substantial portion of their annual revenues from sales to public companies. Maybe you are okay with ignoring Chapter 11 filings happening all around you, because you know that “public companies don’t go bankrupt.” In any case, you still hold fast to the notion that all you really need is trade payment performance data to gauge risk when extending trade credit to a customer.
Fair enough. We can accommodate that.
More than 35% of the Fortune 1000 are paying clients of CreditRiskMonitor, along with thousands of other companies worldwide. Many of those clients participate in our Trade Contributor Program. Enough, in fact, that we collect more than $2.5 trillion USD in trade receivables data annually, covering about one million companies with at least two lines of recent trade each. We will give you unlimited access to that entire trade database, for free.
That’s right, no cost or obligation. All you need to do is to join our Trade Contributor Program and send us your accounts receivable trial balance data very month. As long as what you send us includes at least 500 lines of trade and at least $10 million in total due, we will make you a CreditRiskMonitor trade-only subscriber with complete and unlimited access to our trade database. What’s more, you may stop contributing whenever you feel like it is not worth the effort, and we will terminate your free subscription. Simple, with zero cost against your budget, stop whenever you like.
In addition, like all participants in our Trade Contributor Program, you get access to a unique and valuable set of reports concerning your own A/R and how it compares to the experiences of other CreditRiskMonitor trade contributors. These reports present information that you cannot glean from your A/R data alone. One report (“Slow Payers”) highlights companies that are paying you slowly but paying our other trade contributors more promptly. Wouldn’t it be valuable to arm your collections team with that sort of knowledge? Another report (“Hidden Slow Payers”) highlights companies who are currently paying you on time – because they must – but are slowing payments to our other contributors. They will pay you on time right up to the day they file Chapter 11. We can help you avoid being blindsided by those cunning customers.