Mission Statement

ProfitGuard’s mission is to help clients avoid potential credit losses while maximizing revenue through effective credit risk management.  At ProfitGuard, we strive to bring our clients the most current, accurate, and comprehensive credit information available today.  With this approach, we are able to provide clients with cost effective credit decision support which helps them safely reach their business objectives.   

History and Background

ProfitGuard was formed in 2000 to address the growing need for objective credit risk management in the metals industry.  Initial efforts were focused on creating a statistically reliable risk model that would be a valid predictor of default probability.  This risk model has become the primary foundation for the probability of default and credit risk scores that our clients rely on everyday in making credit decisions.

Today, ProfitGuard is a well-known name in the industry and remains the only credit reporting service that is dedicated exclusively to servicing the unique credit needs of the metals industry in the United States and Canada . We are proud to have close to a 97% client retention rate and continue to welcome new clients to our service regularly. 

ProfitGuard continues to strengthen its position as a leader in providing credit risk management and decision support for the metals industry!  For the coming year we will be adding new product offerings as we improve and evolve our value added services.  Among some of the offerings will be access to a state of the art collection service.  

Capabilities

ProfitGuard is home to one of the fastest growing and largest metals industry specific databases of information that directly relates to credit risk.  Our database is constantly being updated and improved.  The foundation of our credit risk management program, our custom tailored risk model, incorporates credit information from a wide variety of resources.  The information is then grouped together into several “Score Cards” which assist our analytical team in calculating our various ratings. 

Our team of analysts helps protect close to $10 billion in annual metal shipments, providing decision support to many of the largest metal processors and traders in the country.  ProfitGuard’s analysts have several years of credit management experience and strong financial backgrounds concentrated in the metals industry.  ProfitGuard's in-house financial analysts concentrate 100% of their efforts on evaluating credit risk within the metals industry everyday. 

The primary backbone of our methodology at ProfitGuard is taking a Micro and Macro approach to analyzing debtor companies and the industry as a whole.  Not only do we put each company in question under a financial microscope, we analyze the industry sector in which they operate and compare them to their peers.  We also analyze each industry sector and its fundamentals to help us gauge the overall credit risk in the industry.

Staying in Tune with the Industry

ProfitGuard is currently an active member of the Institute of Scrap Recycling Industries, Inc. (ISRI) among other industry affiliations.  We attend several of the local, regional, and national meetings forging our relationships with industry professionals.  We currently have hundreds of relationships with top level executives in the industry.  This competitive advantage sets ProfitGuard apart from the rest!