ProfitGuard launches redesigned cloud-based credit reporting and risk monitoring platform

ProfitGuard (PG), a leading provider of business credit information to the industrial sector, has partnered with software developer Combustion LLC to redesign its online platform to improve the user experience, content and speed.

The Bingham Farms, Michigan-based firm says the third generating of its platform will leverage the latest cloud database technology to deliver faster credit profile reports, with enhanced scores, simplified easy-to-digest credit data and PG’s competitive advantage, offering a credit opinion and recommended limit from an experienced analyst.

"The best credit decisions are made with objective information reviewed by an experienced eye," says Bobby Soper, vice president and director of PG. "Our new platform will continue to harness the power of these factors, making credit decisions more effective than ever.”

PG’s credit management platform is designed to provide a start-to-finish credit risk solution, including a fresh credit check, a limit recommendation, the ability to risk monitor and an insurance component. 

Highlights of the platform include:

• the PG Score, an enhanced version of PG’s proprietary default score that predicts the likelihood of a customer experiencing a default or insolvency within the next 12 months;
• the PQS Score, a highly predictive payment quality score (PQS) based on a weighted payment index that integrates industry payment information into PG’s platform and is based on years of payment behavior data; 
• an analyst assigned guideline that provides a unique recommended credit limit curated to the user’s situation or sales opportunity;
• risk monitoring using PG’s existing alert service, allowing users to actively monitor top accounts with PG’s analyst team and select automated system alerts;
• the PG Trade Exchange, a simplified version of the company’s trade exchange program for trade data contributors, with certain program benefits available to those participating; and
• an integrated credit insurance policy that is custom-tailored to match the user’s needs and ensure a great return on the investment. 

“When making a tough credit decision, human insight adds a tremendous amount of value to our client’s credit decision process,” says Jason Dworin, PG executive vice president. 

The newly built platform allows PG to combine its proprietary credit data from multiple resources, credit ratings, financial information and intelligence from PG’s trade contributors in a faster and more user-friendly format, the company says.  

“You manage expected risk with good information,” PG President Victor Sandy says. “You manage unexpected risk with a credit insurance component, that’s a best practice.”