CreditRiskMonitor.com Inc. (CRMZ)

Overview

CreditRiskMonitor.com, Inc. is a leading provider of business-to-business software-as-a-service (SaaS) solutions, specifically designed for corporate credit and procurement professionals across the United States. With its foundation in 1977 and headquartered in Valley Cottage, New York, the company has established itself as a crucial tool for professionals involved in credit risk management and procurement processes. CreditRiskMonitor.com, Inc. operates as a subsidiary of Flum Partners, offering a range of subscription-based products geared towards enhancing the efficiency and accuracy of credit risk assessment and supplier management.

Products and Services

• CreditRiskMonitor

  This flagship product provides subscribers with comprehensive usage and access to financial data on both public and private companies. It features detailed analyses including multi-period spreads of financial reports, credit risk scores, payment-behavior scores, and other essential metrics like trend reports and peer analysis. In addition, it offers credit limit recommendations and a curated selection of financial news deemed important for credit evaluation purposes.

• SupplyChainMonitor

  Created to cater to procurement, supply chain, sourcing, and finance professionals, this solution offers a focused risk management tool for those involved in the supplier lifecycle. It aids in initial risk assessment and provides continuous monitoring to manage and mitigate potential risks effectively.

• Credit Limit Service

  An additional service available through the CreditRiskMonitor platform, this helps subscribers in managing credit lines for their customers based on the latter’s financial health. This add-on ensures that credit lines remain aligned with ongoing changes in the financial strength of a customer base.

• Financial Statement Processing

  This service provides a convenient option for subscribers who need assistance in the data entry and standardization of private company financial statements. It simplifies the process, making it more efficient to analyze and compare financial data consistently.

• Confidential Financial Statement Tool and Portal

  These offerings enable subscribers to effortlessly collect and standardize confidential financial statements from their private company counterparts. This tool encourages counterparts to enter or upload their financial statements into a system that then standardizes and scores these documents to provide private company FRISK scores, aiding in a more accurate risk assessment process.