MINNEAPOLIS, April 30, 2012 /PRNewswire/ -- The challenge of managing risk is an on-going dilemma in today's volatile economic climate – businesses are not only vulnerable to fraud, but they are also directly impacted by any financial hardships experienced by their customers and vendors. A healthy business can instantly become a bad risk and it is critical to protect your business from such events. Until now, finding a way to manage that risk was extremely difficult. Argos Risk Online has solved that dilemma for banks, financial institutions, and businesses of all sizes by creating the only business-to-business credit risk reporting service which has a built-in ACH Risk Index.
Argos Risk launched its core product, Argos Risk Online, in 2011 and is now introducing the ACH Risk Observer, which is Argos Risk's ACH Management and Modeling tool that applies their proprietary ARO ACH Index to new and existing ACH clients. The ACH Risk Observer is an ACH service that models risk exposure for financial institutions, tracks and forecasts ACH risk, and is the only system that offers credit reporting built into ACH Risk Management. The service is instrumental in helping users to evaluate new clients and also provides daily monitoring of clients to alert a bank or processor to any material financial or business changes. ACH Risk Observer models ACH Risk and manages it against outside factors (over 150 data elements are gathered daily) such as liens, judgments, corporate changes, and financial records. Argos Risk Online is a web-based service – there is no software to buy, no hardware to install, and no long-term contract.
Argos Risk CEO and Founder, Steve Foster, said, "Argos Risk has experienced tremendous success since the launch of the company in 2010. We pride ourselves on working closely with clients to create new and innovative solutions that address needs that are not currently met in the industry. One of the biggest requests our clients had was to provide a solution that offered credit reporting with ACH Risk Management because there was no product on the market that offered both services."
"We are pleased to launch the new ACH Risk Observer at NACHA Payments 2012. It is the perfect platform for Argos Risk because our new service is designed specifically to serve the financial community and we have already received tremendous feedback from clients who are utilizing it. Payments 2012 is also a fantastic opportunity for us to connect with other industry leaders and potential partners," said Lori Frank, President of Argos Risk. She added, "It is also an honor to have our Founder & CEO Steve Foster serve as a speaker on Tuesday afternoon at the conference. He will also be at the Argos Risk Booth throughout this conference. His insights on the industry are visionary and we encourage everyone at the NACHA conference to spend a few minutes with Steve and our team to learn more about The Argos Risk Observer."
Argos Risk Online subscriptions begin at less than $99 a month and increase with volume. All subscription levels also include no-cost monitoring of the subscriber's own company to provide an ongoing assessment of how the marketplace sees their own business's financial health and creditworthiness. For more information, visit ArgosRisk.com or visit Argos Risk in Booth 525 at the NACHA Payments 2012 Conference, April 29 – May 2 in Baltimore.
About Argos Risk
Argos Risk, based in Minneapolis, Minnesota, specializes in the development and delivery of business to business credit risk management technology. The Company's mission is to help risk managers better understand who they are working with by utilizing affordable, easy-to-understand, and actionable business intelligence.
Argos Risk Online gives companies the tools they need to get paid by continuously monitoring financial risk exposure online and alerting its subscribers to potential payment problems through an easy-to-use dashboard of risk information. For more information, visit www.ArgosRisk.com.
Media Contact: Jean Golden at 612-385-2324 or [email protected]
SOURCE Argos Risk, LLC