Ease their process in data entry and standardization of their private suppliers's financial statements and obtain comprehensive financial reports
Review and evaluate new vendors and suppliers for financial viability during bids and on-boarding as well as continued comparable performance monitoring across sectors and geographies using our peer analysis tools
Stay alert to changes in supplier financial health over time with automatic, timely email alerts on financial stress, material news and score changes, along with agency rating updates from Moody’s, Fitch and DBRS Morningstar
Just like tariffs, supplier financial risk has become an important category to monitor by company procurement departments. If this isn't on your radar today, it should be.
For Apple, providing capital support to its supply chain is an option, but for most companies bailing out critical suppliers is not financially feasible, let alone an option on the table. Is your supply chain secure?