NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--RapidRatings, the leader in Financial Health Analytics, and Resilinc Corporation, one of the world’s leading supply chain risk management solution providers, today announced a partnership to integrate RapidRatings’ Financial Health Rating (FHR™) scores within Resilinc’s WAVZ platform. The seamless technology integration is yet another step in the continued long-term relationship between the two companies who share a common goal: to drive innovation, promote transparency, and deliver best-in-class solutions in supply chain risk management and resiliency to organizations, globally.
RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The forward-looking Financial Health System provides a predictive view of the financial stability, operating efficiency, and probability of default for suppliers in the near- and long-term (12 months to 10 years). Seamless integration of RapidRatings’ FHR via API with the Resilinc WAVZ platform enables mutual customers to gain a single unified view of global multi-tier supply chain risk, down to the supplier, site, product, and part level, leveraging the combined power of Resilinc patented technology with RapidRatings’ industry-leading FHR scores.
This creates, for the first time, a truly innovative solution allowing companies to view their supply chains through a common lens, saving time and increasing efficiency. The integration blends financial risk with deep supply chain insights, enabling a common place to address questions such as:
- Within the top 10 revenue-generating products, which supplier sites pose the highest risk, including resiliency risk, financial risk, and location risk (geopolitical, natural disaster, macroeconomic)?
- Which critical parts are being supplied by the riskiest sub-tier suppliers?
- Which suppliers have the ability to sustain a disruptive incident and maintain resilient operations?
- Are any sole sourced parts being supplied by the riskiest suppliers?
RapidRatings will be on hand at Resiliency 2018, the Global Supply Chain Resiliency Council’s annual conference in San Francisco on March 6-7, to present a case study on supplier financial risk and resiliency. To learn more about the benefits of leveraging financial health to achieve supply chain resiliency, register to attend the webinar, “The Evolution of Bose’s Supplier Resiliency Program: A Case Study on Financial Health.”
“The digitalization of supply chains has opened new opportunities for companies’ striving to lead and disrupt their respective markets and more companies are leveraging their supply chains to gain competitive advantages,” said James H. Gellert, CEO, RapidRatings. “We believe that every business decision is better informed with a clear picture of supplier financial health. Integrating the FHR with Resilinc’s WAVZ platform will enable our joint clients to gain greater visibility and control of supplier risk management.”
“Supply chain risk has gone from a ‘nice to have’ to a board-level initiative in just the last few years, as companies faced a highly challenging year in 2017. As such, customers are demanding innovative solutions that integrate all aspects of risk into a single unified view. The combined capabilities of Resilinc and RapidRatings enable mutual clients to accomplish just that,” said Bindiya Vakil, CEO, Resilinc.
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. For more information, visit www.rapidratings.com.
Resilinc is the leading global supplier of supply chain risk and resiliency solutions. Industry-leading companies such as IBM, General Motors, EMC, Amgen and Western Digital rely on Resilinc to plan for potential supply chain failures, and to protect revenue despite supply chain disruptions worldwide. For more information about our solutions, please visit www.resilinc.com.