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Businesses deserve to get paid. But unless they're paid in advance for goods or services, companies are essentially making unsecured loans to customers and clients - leaving them vulnerable to financial risks from payment delays or defaults. Beginning in July, Argos Risk Online, an innovative solution powered by the IBM Cognos Business Intelligence platform, will enable businesses to know which customers - or potential customers - are the greatest risks. Argos Risk Online is a new, easy-to-use and -understand tool that lets companies identify and interpret the warning signs that may mean trouble ahead. Read More. eCapital Advisors has guided the development of the Cognos platform, including the reports, dashboards, Data Warehouse, ETL process and integration with the Argos Risk Online website. Cognos makes the dashboard easy to use because of its intuitive "hover and click" navigation to find information, along with the red-yellow-green stoplight alert system. The Cognos system converts the vast volume of data into an easily comprehended summary report of usable information. Argos Risk Online integrates more than 130 million business records from trusted, industry-leading sources including Dun & Bradstreet, Moody's and other credit information providers. Analytic tools assess and customize the data for each subscriber. Argos Risk Online will help businesses get paid by delivering valuable - and actionable - information to the subscriber's dashboard, including:
- The Argos Risk Score - rating a business' overall financial health
- Likelihood of business continuance
- Likelihood of on-time payment
- Suggested credit action
According to eCapital Advisors' Jim Plantan, "Our partners at Argos Risk Online say this isn't just a credit-monitoring tool, rather it's a business survival tool. Because it will ultimately benefit thousands of businesses, we're proud to be part of its development and showcase another unique application of the powerful IBM Cognos BI platform." To find out more, visit Argos Risk.
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