CreditRiskMonitor Announces Service to Automate Commercial Credit Decisions

CreditRiskMonitor (OTCBB: CRMZ) announced today the commercial release of its groundbreaking new Business Credit Limit service.

Jerry Flum, CEO, said, “This new credit limit service is the result of an intense collaboration between Dr. Camilo Gomez, a widely respected developer of statistical models for financial decision-making, a “beta-test” group of major corporations, and our innovative team at CreditRiskMonitor. The result is a state-of-the-art capability to automate commercial credit decisions, fully integrated with our fundamental service.”

Commenting on the new service, client Sophia McGauchie said, “We have been looking for ways to automate our credit decisions, so we can reduce DSO and bad debt, save time in risk analysis, and gain consistency in our process. We wanted to go beyond credit scores, which automate only part of the process, and this is the first service we have found that uses proven statistical methods to calculate the credit limit. The CreditRiskMonitor service enables us to easily monitor the credit limit recommendation as new information about companies becomes available over time.”