Latest product innovation raises the bar on financial health
transparency between business partners
NEW YORK–(BUSINESS WIRE)–RapidRatings,
the leader in financial health analytics, has launched the FHR
Network, a membership network that establishes a new standard for
financial health transparency between business partners. The FHR Network
is the second major product innovation to be announced this year
following the release of HealthMark™
in April 2019.
The FHR Network allows clients and their suppliers, third parties, and
vendors to share their financial
health rating confidentially and securely, thus helping clients
unlock risk insights across their entire business ecosystem. By joining
the network, clients can easily maximize the coverage and breadth of
their risk management efforts while simultaneously reducing program
costs. Suppliers that opt in are empowered to win new business and
protect their own brand.
“In order to build resilient supply chains in an increasingly complex
business environment, it is critical for companies doing business
together to develop strong relationships,” said Douglas Cameron,
President and Co-Head of Product at RapidRatings. “Financial health
transparency is key to understanding the relative strengths of strategic
partners and to assessing supply chain risks. The FHR Network provides
clients and suppliers with a basis for building more trust.”
This latest product innovation was unveiled at RapidRatings’ second
annual Client
Summit. “RapidRatings’ Client Summit provided an opportunity to
learn and share best practices for building sophisticated risk
management programs,” said Nitin K. Walia, Chief Client Officer. “Our
client community brings incredible insights on how to achieve greater
supply risk program ROI and mitigate the impact of lower-performing
suppliers. Client Summit empowers companies to enhance their enterprise
and financial risk management capabilities to meet current and to
anticipate future challenges.”
The RapidRatings Client Summit was held on May 20-21, 2019 at the W
Hotel in Hoboken, New Jersey. For more information about FHR Network,
please visit our website.
About RapidRatings
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. Business relationships informed by the
RapidRatings Financial Health System™ are more productive, transparent
and rewarding. For more information, visit www.rapidratings.com.
Contacts
Reed Handley
[email protected]
1
(212) 840-0088
