RapidRatings offers two distinct FHR private outreach programs to help you engage suppliers and obtain Financial Health Ratings (FHRs): Enterprise FastTrack and Outreach. While both programs aim to streamline the rating process, they differ in approach, level of involvement, and ideal supplier population.
Key Difference at a Glance
The Outreach Program is designed for your most critical suppliers, offering higher engagement from RapidRatings and proactive tracking of each request. In contrast, the FastTrack Program is best suited for your long tail suppliers, where client involvement is greater.
Program Comparison Table
Feature | Outreach Program | Enterprise FastTrack Program |
Counterparty Population | Critical or strategic suppliers (e.g., highest spend, single source, operational dependency). | Less critical suppliers (long tail). |
Launch Process | Client introduces supplier to the RapidRatings program; RR Member Services takes over. | Requires a unique program link; client sends initial communication directly to supplier. |
RapidRatings Involvement | “White Glove” treatment with a dedicated RR resource managing follow-ups and answering questions. | Greater client involvement in supplier communication; RR supports campaign emails. |
Member Submission Process | The member has the option for Quicksync, Excel Template, or custom file upload | Sreamlined process offering Quicksync and Excel Template. Quicker Turnaround on FHR Report. |
Status Tracking | Client can proactively track each request in real time via the FHR Exchange Dashboard, including full status history. | Client can view when a member shares the report with them. |
Report Sharing | Private company reports are automatically added to the client’s master portfolio. | Client must accept shares via the RR platform to access the FHR report. |
For additional information on each of these programs, please contact [email protected] or your dedicated RapidRatings Representative.