Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Assessing Business Partners’ Financial Health Got Easier

Posted by fidest press agency su mercoledì, 3 aprile 2019

When it comes to choosing business partners, financial viability is a critical factor. And SAP Ariba and RapidRatings just made it easier to assess. RapidRatings’ Financial Health System now integrates with SAP Ariba Supplier Risk to incorporate financial viability data into overall vendor risk profiles making it even easier to make smart, informed business decisions.Customers around the world rely on SAP Ariba Supplier Risk to make well-informed business decisions that help them to avoid unnecessary risk and prevent supply chain disruption. RapidRatings has joined the ever-expanding ecosystem of SAP Ariba partners leveraging open APIs to extend the value of SAP Ariba Supplier Risk with its financial health data and analysis. Now with integration to financial health scores from RapidRatings, customers can further round out their view of suppliers and incorporate financial viability information in vendor risk profiles to make timely and contextual business decisions and improve collaboration with trading partners.RapidRatings’ Financial Health System conducts sophisticated analysis of financial health – analysis most category managers have neither the time nor the expertise to conduct – enabling more informed business decision making. The foundation of the analysis is a single numerical financial health rating of 0-100 called FHR®. RapidRatings creates the FHR by measuring every company against its global industry peers, whether publicly traded or privately held. Its process is to source and integrate the financial statements of third-party companies, suppliers, vendors, customers and securities issuers to ensure accuracy and scalability.

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