eCapital Advisors Case Study: Argos Risk
About Argos Risk
Argos Risk, headquartered in Minneapolis, MN, was formed in collaboration with asset and invoice-based lender, Prin-Source Capital Companies. Its mission is to obtain, organize and analyze business information, making it accessible to all Subscribers—displaying actionable, easy-to-digest, relevant risk information at an affordable monthly cost.?
Business Objectives:
Provide an easier, more affordable way for businesses to successfully manage risk by:
- Generating customer risk profiles and recommended actions to help make credit lending decisions and focus selling efforts.
- Providing insight into supplier financial positions to ensure long-term stability and avoid disruption in supply chain and manufacturing processes.
- Gaining insight into the financial health of competitors, proactively identifying potential risks or new opportunities
Strategy:
In today’s unforgiving economy, one of the perils of doing business is not knowing who you can rely upon when conducting commerce. Whether it’s a customer who cannot make a payment, a supplier who cannot deliver critical materials, or a potentially insolvent business partner – the wrong choice could determine the difference between survival or success.
The insight required to avoid these perils and successfully focus operations offers exceptional business value, especially for organizations that don’t possess sophisticated risk management capabilities. Argos Risk Online delivers an innovative, subscription-based solution that provides highly advanced and tailored risk-based intelligence directly to the desktop, combining external credit and economic information. ?
Business Value Outcomes:
For a typical mid-market company with $75 million in annual revenue, Argos Risk Online generates an estimated $855,000 in business value through savings, cost avoidance, and streamlined operations.?
Solution Review
Argos Risk Online is available to any business user via the Internet. In real time, the IBM Cognos 10 solution provides analytics everyone can use to build a personalized database that monitors the companies designated by the subscriber. The business user views key metrics indicators, has the ability to do on-the-fly analytics, and is presented with business, economic, industry, and geographic insight across the portfolio. The user is guided with tailored prompts throughout the system. Enhanced capabilities include “what-if” scenario modeling, summary/drill through analysis, and executive presentation in report books. Individual preferences are combined with external credit information from Dun & Bradstreet and economic information from Moody’s Analytics.
On a real-time basis, the solution monitors the pulse of the business for the companies designated by the subscriber. When a significant business event such as bankruptcy, judgment, acquisition or divestiture occurs or a monitored company’s ArgosRisk Score changes, instantaneous e-mail alerts are triggered notifying the subscriber.
Argos Risk Online utilizes the IBM Cognos 10 64-bit environment running in the cloud for the broad range of information delivery and presentation capabilities. The dynamic, interactive dashboard and reporting solution encompasses enhanced visualization, event alerts, integrated security, email report delivery, dimensionally modeled relational (DMR) data, and conditional formatting. The integrated, flexible environment has enabled Argos Risk to be agile and nimble throughout the process from prototyping through development and delivery.
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