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The Accounts Receivable Network: Credit Management Z-Score? There's an App for That

(March 26, 2012)

ATLANTA, GA -- (Marketwire) -- 03/26/12 -- The Z-score indicator of a company's likelihood of bankruptcy was developed by a doctoral candidate some 45 years ago, and today, creator Dr. Edward Altman has paired with Sribatas Das to release an app for Z-score. As explained in a story on The Accounts Receivable Network, Altman expanded his Z-score to a family of formulas to expand its application beyond publically held manufacturing companies. Z-score, Z-prime and z-double prime can be used for public and private companies for manufacturing and non-manufacturing. Now it is more available and easier to use than ever.

"The Z-score resulted from a UCLA professor challenging his young graduate assistant (Altman) with the single word 'bankruptcy' as a possible topic for Altman's dissertation," explains Rob Rogers, Vice President, Editorial, Financial Operations Networks, publisher of The Accounts Receivable Network.

"Altman created the Z-score for his dissertation, and since has adapted the formula to expand its applicability," adds Jody Fidler, AR Network associate editor. "Decades later, while traveling in Italy, the idea was broached to make the formula available as an app for mobile devices. A little investigation led Dr. Altman to Sribatas Das, and the Z-score app was born."

The app is available for all mobile device technologies, and at $99.00, is an inexpensive and valuable tool for credit managers. See The Z-Score Family, Now Including an App on The Accounts Receivable Network, including a link to the app site.

About The Accounts Receivable Network

The Accounts Receivable Network (TARN) offers the most comprehensive, specialized resource available for accounts receivable professionals by providing -- in one convenient, online location -- integrated solutions for AR strategy, technology, people and processes.

With TARN's robust database of original AR content, calculators, AR business tools, white papers, case studies and current AR news from around the world, you'll have unrestricted access to critical information guaranteed to help you make smart business decisions.

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