What is the biggest risk to your company’s short and long-term viability? Is it sales and keeping the pipeline full? How about attracting and retaining key employees? Could it be your competition coming out with a better, less expensive alternative?
While these are legitimate threats, they are all at least somewhat controllable. A very realistic, and for most companies, a completely un-monitored threat is the financial health of suppliers and customers.
In the “age of information” it’s actually surprising how little there is about the financial viability of those with whom we do business. I sat down with Lori Frank, CEO of Argos Risk to discuss how to monitor the financial health of companies.
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What would happen to your company if a key vendor suddenly went bankrupt? Would you be able to maintain your own customer relationships if you couldn’t ship a product for days, weeks, or even months? What would happen to your business if one or two of your key customers stopped paying, or even stopped paying on time? Could you maintain your cash flow? Could you pay your employees? How about payroll taxes?
Argos Risk, is a predictive financial health tool that leverages big data to provide insight into a company’s financial health. Using more than 250 data points — from a company’s credit history to customer reviews; from current lawsuits to any executives who may be looking for a new job — Argos Risk puts you in control when it comes to monitoring your key business relationships.
Argos Risk is incredibly simple to set up, and the dashboard is very intuitive and user-friendly. Using a familiar red, yellow, green model, you can instantly see if a financial situation has changed with one of your relationships, and you can click-through and drill down to learn what happened and why. When a company you’re monitoring sees a significant change, Argos Risk will email you, so you can ask the right questions and act quickly.
As a fan of Know More! you can monitor up to three businesses for FREE. Just Click Here to learn more about Argos Risk and sign up for your three free reports. An Argos Risk representative will call you to get you started.
Take control of knowing the financial health of your key business relationships. Now that you Know More!