CounterpartyWatch
built on the edgar.tools real-time SEC pipeline
For freight factors & broker credit teams

Know your debtor is in trouble before your invoices do.

Your credit bureau tells you who paid slowly last quarter. SEC filings tell you who can't pay next quarter. Counterparty Watch reads every filing from the public shippers and brokers you carry paper on — the moment it hits EDGAR — and flags covenant trouble, going-concern language, and late filings in plain English.

✓ You're on the list. We'll be in touch before launch.

Early-access pricing locked for the first 50 credit teams. No card required.

01 — What you catch

The distress your aging report shows you in 60 days, filings show you today.

Payment-history data is a rearview mirror — and since Ansonia disappeared into Equifax, it isn't even independent. Filings are forward-looking, auditor-reviewed, and legally required. Nobody reads them for freight credit. We do.

8-K ITEM 1.01 / 2.03

Covenant & credit-facility distress

Amendments, waivers, maxed revolvers, emergency facilities. When a debtor's lenders get nervous, your receivables should too.

NT 10-K / NT 10-Q

Late-filing notices

A company that can't close its books can't tell you it's fine. One of the most mechanical, unambiguous default predictors there is.

10-K / 10-Q NOTES

Going-concern & liquidity language

First-time substantial-doubt disclosures, vendor-term stretching, and liquidity-note changes — flagged the day they're filed.

10-K ITEM 1A DIFF

Risk-factor changes

We diff every risk-factor section year-over-year. New language about liquidity, lost customers, or store closures surfaces immediately.

8-K ITEM 4.01 / 4.02

Auditor changes & non-reliance

Dismissals, resignations, and "don't rely on our financials" notices — the paper trail that runs ahead of restatements.

25-NSE / FORM 4

Delistings & insider selling

Exchange delisting notices and unusual insider disposition patterns at the shippers and brokers you carry.

02 — How it works

Upload your debtor list. That's the whole setup.

Name your debtors

Paste the shippers and brokers you factor or extend terms to — tickers or plain names. We resolve them against the full SEC registrant universe, including subsidiaries of public parents.

We read every filing, live

Our pipeline ingests EDGAR in real time — the same infrastructure behind edgar.tools. Every 8-K, 10-Q, and notice from your book is parsed within minutes of hitting the wire.

You get the credit implication

Each alert says what happened and what it means for someone holding that name's receivables — by email, Slack, or webhook into your factoring platform. The underlying filing language is always one click away.

03 — Pricing

Priced like a tool for your credit desk, not a line item for your CFO.

Public-company distress monitoring exists today — starting at $8,450 a year, sold to Wall Street. Freight credit teams got left with payment gossip and gut feel.

Public-company distress monitoringCreditRiskMonitor, entry tier — built for institutional credit$8,450–25,000/yr
Business credit bureausD&B, Equifax/PayNet — payment history, backward-looking~$10,000/yr bundles
Freight credit checksBundled free with factoring — you are the product"free"
Counterparty WatchSelf-serve · monthly · your whole debtor book · cancel anytimefrom $199/mo

Competitor pricing from published price lists and public procurement documents, 2025–2026. Early-access teams lock launch pricing permanently.

04 — Fair questions

Most of my debtors are private brokers.

The dollars concentrate where the filings are: large public shippers and public brokers are where your biggest single-name exposures live, and subsidiaries of public parents count too — we resolve those. FMCSA authority, bond, and insurance monitoring for the private side of your book is on the roadmap; early-access teams help us prioritize it.

I already get credit reports.

Keep them — they answer a different question. Payment history tells you how a debtor behaved. Filings tell you what a debtor just told its lenders and auditors under penalty. The second one moves first, and since the Equifax acquisition of Ansonia, it's also the only truly independent signal left.

Where does the data come from?

Directly from SEC EDGAR — the primary source. Our pipeline already powers edgar.tools, processing every filing in real time for thousands of finance users. Every alert links to the exact filing language it came from.

When does it launch?

Private beta is planned for this fall. Early-access signups get onboarded in order, help pick integrations (factoring platforms first), and keep launch pricing for life.

Stop underwriting on last quarter's gossip.

Join the early-access list — first 50 credit teams lock launch pricing permanently.

✓ You're on the list. We'll be in touch before launch.