Increase Positive Outcomes and Build Better Supplier Relationships
Bring transparency to your procurement and risk management process with the most accurate assessment of supplier financial health. RapidRatings delivers thorough, predictive, and actionable analysis of current financial health and future business viability for all your suppliers – both public and PRIVATELY-held companies. The FHS helps you to select the strongest partners to build a resilient supply chain. Identify potential risks, take action early, and minimize the impact of possible disruptions with clear visibility into your third-party ecosystem.
Overview
Receive insights into business resiliency during COVID-19
Financial Health Rating and Core Health Scores are accurate measurements of how well a company is positioned to withstand unanticipated shocks. While our clients leverage Financial Health to identify risk in their global supply chains on an ongoing basis and to build resiliency, the agile severity of COVID-19’s disruption creates an opportunity to do more with RapidRatings’ data and reporting. Receive insights into sectors, how resilient they were going into this crisis period, and how they are faring during it.
Assess financial risk accurately
Use an unbiased, quantitative financial rating for insight into a supplier’s underlying strengths and weaknesses. Don’t use old or misleading analytics to evaluate financial risk. Leverage our analysis to produce a reliable prediction of short-term risks and long-term viability.
Evaluate public & private company suppliers
Private suppliers often account for 70-80% of a company’s supply chain. Evaluate private suppliers on the same risk framework as your public suppliers. Accurately gauge your organization’s risk exposure by assessing all partners on a consistent basis.
Details
Solution type
APIs and Technical Components
Industry
Cross-Industry
Compatibility
Works with
SAP Ariba Supplier Risk
Features
Financial Health Rating (FHR®) for Public AND Private Suppliers
Bridging the gap between public and private financial analysis is critically important for building a robust risk management program. Our FHR methodology for private and public companies is exactly the same — we use the same depth of analysis, detailed reporting, and comprehensive analysis.
Network Outreach for Private Companies
Private Company Outreach provides a solution for companies working with suppliers that are hesitant to disclose financial information. We work on our clients’ behalf to collect private company statements using confidential and secure methods. With an 85% success rate globally, we can overcome the obstacles of private company assessment and provide valuable insight into their financial health.
Financial Dialogue - A Guide for Discussions on Supplier Financial Health
This report provides the most relevant financial questions to guide your supplier discussions and financial viability assessments. With the right questions already prepared, meaningful discussions with suppliers on financial health is an easier process with better outcomes.
Plans and pricing
API Connector Add-On
Financial Health Portfolio API
Financial Health Portfolio API
Customer reviews
Technical Information
| Solution type | APIs and Technical Components |
| Category | Sourcing and Contracts |
| Industry | Cross-Industry |
| Works with |
SAP Ariba Supplier Risk |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
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Resources
Supply Chain Solution Brief
Financial Health Portfolio API Overview
Private Company Outreach Overview
Financial Dialogue Report
How to Evaluate Supplier Risk eBook
FHR Network
Publisher
Rapid Ratings International Inc.