Financial Health Rating for Information Technology
Information technology (IT) outsourcing decisions have evolved from from technical, operational, or procurement decisions, to strategic decisions affecting the risk and security posture of the organizations. Front page headlines of security breaches, disruptions, and fraud caused by third-parties has reinforced the need for timely and accurate vendor assessment.
Rapid Ratings enables IT professionals to gain visibility into the financial stability of vendors and suppliers that provide or manage information assets and IT infrastructure. We provide forward looking and actionable analysis of a company’s financial health which enables IT organizations to minimize business continuity risk, satisfy compliance mandates, and build organizational resiliency around their third-party programs.
Assess the Financial Viability of IT Vendors and Suppliers
Rapid Ratings’ proprietary FHR® (Financial Health Rating) is the industry’s leading assessment of public and private company financial health. Our quantitative rating, the FHR is a true comparison of company financial health on a straightforward and consistent 0-100 scale and provides early warning (12 month forward looking) on a companies’ deterioration or improvement. With greater insight into vendors’ financial stability, organizations can better monitor, manage, and mitigate third-party risks.
Asses Public and Private Companies with Transparency and Consistency
Rapid Ratings is the only firm to rate public and privately held companies globally, and on the same basis, helping our clients mitigate the risk of disruption. We offer proven solutions for obtaining financial information from tens of thousands of privately held companies to assess them with the same depth of analysis as public companies.
- Assess financial stability of public and privately held vendors and suppliers, globally
- Increase efficiency and improve timely risk management and mitigation plans
- Gain efficiencies to save time, money, and resources across your third-party assessment process
- Avoid security incidents and protect your proprietary information such as personal data, payment card, and protected health information