Relationships

Counterparty Intelligence

A counterparty is not a row in the ledger. It has tenure, behaviour, economics net of the cost of carrying it, and a contract with obligations on both sides.

Customer revenue

39.2%

Top 5 100% · HHI 2620 · concentrated

Supplier spend

67.5%

Top 5 100% · HHI 5616 · critical

Segment mix

63.9%

Top 5 100% · HHI 4942 · critical

Bank liquidity

51.4%

Top 5 99.9% · HHI 3723 · concentrated

Counterparties

10 of 10 shown

Meridian Logistics Group

customer since 2023-02-11 · 42 months

Largest customer at 18.8% of revenue. Moved to Net 45 at the last renewal; pays 13 days beyond that.

Annual value

$2.05M

Gross profit

$1.30M

63.7% margin

True profit

$1.30M

After $4,010 carry cost

Relationship health

Reliability61

Economics100

Composite82

Steady across reliability, economics and tenure.

Payment signature

Terms 45d · observed 58d · drift +13d · drifting

Consistently 13 days beyond the renegotiated Net 45 — behaviour did not change when terms did.

Open balance

$341,000

Contract ends

2027-02-10

Renewal probability

78%

Lifetime value

$6.82M

Customer profitability

Ranked by profit after the cost of carrying their receivable, not by revenue.

Meridian Logistics Group

$2.05M revenue · 63.7% margin · $4,010 carry

$1.30M

Northgate Health Systems

$1.28M revenue · 53.6% margin · $2,213 carry

$685.79K

Arbor Financial

$864.00K revenue · 75.5% margin · $380 carry

$651.62K

Helix Data Partners

$408.00K revenue · 76.5% margin · $152 carry

$311.85K

Cobalt Manufacturing

$612.00K revenue · 36.6% margin · $1,409 carry

$222.59K

Churn risk

Scored from renewal probability, payment reliability, disputes, margin and contract horizon.

Cobalt Manufacturing

high · 91

· Renewal probability below 60%
· Payment reliability declining
· 3 open disputes
· Contract expires within the planning horizon

$612.00K annual revenue at stake

Meridian Logistics Group

watch · 28

· Payment reliability declining
· 1 open dispute

$2.05M annual revenue at stake

Northgate Health Systems

low · 12

· Contract expires within the planning horizon

$1.28M annual revenue at stake

Helix Data Partners

low · 12

· Contract expires within the planning horizon

$408.00K annual revenue at stake

Arbor Financial

low · 0

· No adverse signals in the trailing six months

$864.00K annual revenue at stake

Contract obligations

What the agreements commit each side to, with dates and cash consequences.

Service credits — 99.5% availability

Meridian Logistics Group · Credit issued if monthly availability falls below threshold

−$42.00K

2026-09-01

at-risk

Implementation milestone 3

Northgate Health Systems · Delivery gates the next $186,000 billing event

$186.00K

2026-09-15

upcoming

Covenant — customer concentration ≤ 25%

First Meridian Bank · Quarterly certification

—

2026-09-30

upcoming

Covenant — DSCR ≥ 1.50×

First Meridian Bank · Quarterly certification, currently 2.31×

—

2026-09-30

met

Minimum annual commitment

Vertex Compute · $816,000 committed spend; $612,000 consumed to date

−$204.00K

2027-01-07

at-risk

Auto-renewal, 60-day notice

Cobalt Manufacturing · Notice window opens 2026-09-02

$612.00K

2026-09-02

upcoming