RapidRatings, Opus Announce Integration Delivering Financial Viability & Operational Resilience Insights for Managing Third-Party Risk
May 10, 2017
The technology integration utilizes the RapidRatings Extraction API to deliver key financial health data including the Financial Health Rating, a representation of the short-term operating resilience, and Core Health Score, an indication of financial viability, directly within the Hiperos 3PM’s reports and dashboards. Out-of-the box integration and real-time delivery of critical financial analytics allows mutual clients to take a streamlined approach by easily identifying the risk posture of a single company or a portfolio of third parties directly within the broader risk assessment process.
“Getting a clear picture of a third party’s financial health brings transparency into the relationship and allows organizations to make informed decisions,” said Eric Evans, Managing Director of Business Development at RapidRatings. “However, risk management is only part of the equation. A forward-looking view into a third party’s financial viability enables them to use risk as a competitive advantage to maintain operational efficiency and identify opportunities for growth.”
“Third parties – whether vendors, suppliers or customers – are a significant source of compliance and information security risk,” said Lee Kirschbaum, Senior Vice President, Product, Marketing and Alliances. “Effectively managing these risks means looking across risk dimensions – from regulatory to financial viability and beyond. Partnering with RapidRatings helps us provide this multi-dimensional view of risk so our clients can make faster, better decisions in compliance and risk management and gain an extraordinary advantage in the marketplace.”
RapidRatings is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings Financial Health System.
Opus was founded on a simple premise: that faster, better decisions in compliance and risk management could give businesses an extraordinary advantage in the marketplace. Today, the world’s most respected, global corporations rely on Opus to free their business from the complexity and uncertainty of managing customer, vendor, and third-party risks. By combining the most innovative SaaS platforms with unparalleled data solutions, Opus turns information into action so your business thrives. Formed through the $500M partnership of Doug Bergeron, Chairman of Opus, and leading Private Equity Firm GTCR, Opus is changing the landscape of risk management. www.opus.com