Press Releases

RapidRatings Recognized by Gartner in Four Recent Reports

July 10, 2020

RapidRatings has been named ifour Industry Context reports accompanying Gartner’s Magic Quadrant for Manufacturing Execution Systems 

New York, NY – RapidRatings, the leading provider of financial health assessments, today announced thathe company has been recognized by Gartner in four recent Industry Context reports accompanying the Magic Quadrant for Manufacturing Execution Systems 

RapidRatings was named in the following Industry Context reports: Aerospace And Defense Context: ‘Magic Quadrant for Manufacturing Execution Systems’Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’Automotive Context: ‘Magic Quadrant for Manufacturing Execution Systems’ and Electronics/Semiconductor Context: ‘Magic Quadrant for Manufacturing Execution Systems, (Gartner subscription required).  

According to the reportsMarket pressures toward consolidation are strongly affecting this market, so financial viability is critical to ensure that the vendor has the resources to continue serving clients and growing the business.” 

CEO and Co-Founder of RapidRatings, James H. Gellert, noted, “Any black swan event will accelerate and exacerbate pre-existing areas of risk for procurement organizations and the counterparties they depend on; COVID-19 is no exception. As a result, we’re seeing companies take more action by investing in new risk management toolsto find supply chain opportunities in a dynamic market where transparency and accuracy matter more than ever.”  

In the When and How to Support Suppliers in Financial Distress report, Gartner provides, Companies can be blindsided by financial failures in their supply base, driven by the COVID-19 pandemic and economic downturn. This research provides CPOs with guidance on how to spot supplier financial distress signals and the different actions they can take to help suppliers during this crisis.”  The supplier collaboration theme is addressed further in Gartner’s Effective Supplier Communications During the COVID-19 Crisis, stating business volatility created by COVID-19 requires organizations to take a proactive approach to communicating with its supply base amid uncertainty.” 

In April of this year, RapidRatings published the COVID-19 Supplier Dialogue, to help organizations better collaborate with third-parties and strengthen operational resiliency across their supply chains. 


Gartner, “Aerospace and Defense Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa29 October 2019.
Gartner, “Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa25 November 2019.
Gartner, “Automotive Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa29 October 2019.
Gartner, “Electronics/Semiconductor Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa16 December 2019.
Gartner, “When and How to Support Suppliers in Financial Distress,” Miguel Cossio17 April 2020. Gartner, “Effective Supplier Communications During the COVID-19 Crisis,” Miguel Cossio, Caroline Chumakov20 April 2020. 


Gartner Disclaimer:
 

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 


About RapidRatings 

RapidRatings® sets the standard for financial health transparency between business partners, transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of private and public companies. The company’s predictive analytics provide insights into how suppliers, vendors, and other third parties are likely to perform. For more information, visit www.rapidratings.com


Contacts

Mark Day
Phone: +1 (703) 489-1607
Email: mark.day@rapidratings.com

 

 

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