My.Credit Risk Monitor.
Businesses continue to seek ways to automate their business processes.
Establishing relationships with suppliers and customers is a lengthy process. It can take weeks or months depending on the accessibility of the firm's financial information. Publicly traded companies in the U.S. are relatively easy to assess because there are many free on-line financial databases available to the average user. The credit review process gets more difficult with private companies in the United States and any company outside the U.S. Private companies are notorious for being close mouthed about their operations and for good reason. Companies outside the U.S. do not necessarily follow Generally Accepted Accounting Principles unless they trade on the U.S. stock exchanges.