The CreditRiskMonitor Podcast: Recent Episodes
Mike Flum & Jerry Flum
The CreditRiskMonitor Podcast, co-hosted by Mike Flum, CreditRiskMonitor® President & COO, and Jerry Flum, CreditRiskMonitor® Chairman & CEO, focuses on current macroeconomic topics that are critical for the trade credit and procurement practitioner: debt, inflation, the reliability of counterparties, and how these forces can affect your company.
For nearly 25 years, CreditRiskMonitor® has been providing trusted financial risk assessment solutions to corporations, including more than 35 % of the Fortune 1000 plus thousands of other businesses around the world.
Join us as we dig into these topics, what we perceive as effective responses, and share some success stories along the way.
In this episode, Mike & Jerry once again take a slight detour into procurement risk analysis, noting the perils faced by companies who continue to rely heavily on single-source supply in a post-pandemic, inflationary world. The duo expands to talk about the current macroeconomic environment and how "every risk evaluator has a plan until they get a punch to the mouth," why aggressive, proactive alternative steps taken such as nearshoring are now en vogue, and finally how SupplyChainMonitor™, CreditRiskMonitor's newest product offering, can fast track an analyst's understanding of risk.
In this episode, Mike & Jerry explore the latest enhancement in private company bankruptcy risk assessment: CreditRiskMonitor's PAYCE® score. The PAYCE® score now covers more than 330,000 private businesses, the vast majority of which are U.S. private companies with annual revenue of more than $5M. And whereas competitors' success rate in predicting most any private company bankruptcy hovers around 50%, the PAYCE® score nails 80% of all reported bankruptcies within 12 months of scoring. The hosts explain how the new PAYCE® score was re-developed, what trends to expect in monitoring private companies in 2023, and why sharing a trade file with CreditRiskMonitor adds even more protection to your portfolio.
In this episode, Mike & Jerry react to a recent article in The Wall Street Journal penned by Matt Wirz, looking at how junk loan defaults are beginning to scare investors as inflation and interest rates grow. In the credit world, can risk professionals all afford to continue to look back at past trends to then predict the future behavior of stressed counterparties in the next down cycle? As Jerry explains, "don't fall for the head fake" regarding where the biggest bankruptcy risk dangers lie in late 2022 and beyond.
In this episode, Mike & Jerry speak to the tactical advantages gained in financial risk assessment when trade is gathered and exchanged organically between counterparties: clean data that aids both sides in accomplishing some impressive ends, specifically more accurate reads on risk levels within private companies and a better understanding of why repayment to credit managers can be (deliberately) delinquent.
In this episode, Mike & Jerry take a deeper look into the recent Chapter 11 filing of Revlon, Inc., and how the market movements of the last several months brought about this longtime cosmetics kingpin's ultimate reckoning. More importantly: which major public companies also seem primed to fall, and how do you parry bankruptcy danger in your portfolio?
In this episode, Mike & Jerry have fun being flocked by models -- financial risk prediction models, that is. Our guys take a deeper look into predictive versus descriptive scores, within which scenarios they're best applied when considering bankruptcy, and then explain a unique knowledge advantage afforded exclusively to CreditRiskMonitor subscribers: crowdsourcing.
In this episode, Mike & Jerry introduce SupplyChainMonitor™, a sister product from CreditRiskMonitor that provides a groundbreaking solution to mitigate risk and protect clients' supply chains from its weakest links. They discuss the origins of SupplyChainMonitor's development, the ways in which the product is different from the traditional CreditRiskMonitor package, and how with a surge in inflation and breaks in supply chains, this is the time when you'll want to leverage SupplyChainMonitor to keep your portfolio healthy.
Watch out! Mike & Jerry examine a phenomenon that, more and more, is haunting the portfolios CreditRiskMonitor clients: "zombie" companies, or firms unable to service their interest expenses. Following record-breaking commercial bankruptcies two years ago in the wake of COVID-19, central banks worldwide intervened to accommodate credit markets and suppress borrowing rates, alleviating financing pressures on corporations. Reaction to one pandemic has arguably given way to another crisis altogether. Will the proliferation of zombie companies since 2020 eventually lead to a bankruptcy spike?
In this episode, Mike & Jerry examine the consequences of the ongoing conflict between Russia and Ukraine on global credit and supply chains, suggesting pivots financial risk evaluators can make to reduce exposure.
In their debut episode, Mike Flum (CreditRiskMonitor President & COO) and Jerry Flum (CreditRiskMonitor Chairman & CEO) discuss a sharp rise in non-financial corporate debt worldwide and if such a spike portends a wave of bankruptcies in 2022.