Step-by-Step Overview
Identify Private Companies
The first step is to identify which suppliers should be invited to participate in the program. Your team will send a list of your active suppliers to complete a Company Matching exercise, which helps determine the relevant supplier population. For detailed instructions on how to complete this step, please refer to the Help Center article: Company Matching.
Send Invitation Letters
Your team will then send an invitation letter to each selected supplier. This letter outlines:
The benefits of joining the FastTrack program
The information required to participate
A unique link for the supplier to join the FHR Exchange
RapidRatings Follow-Up
RapidRatings will send follow-up messages to encourage supplier participation and reinforce the value of financial transparency and the FHR Report.
Supplier Joins the FHR Exchange
Using the unique link, suppliers will:
Create an account on the FHR Exchange
Submit their financial information to generate an FHR Report
FHR Report Sharing
Once the supplier submits their financials and the FHR Report is generated, they can share the report with your team via the FHR Exchange.
Accept and Add to Portfolio
After your team receives the shared FHR Report, you can accept the share within the FHR Exchange and add the supplier to your portfolios.
For Information on accepting your share requests, please review the following help center article: Managing Share Requests
