Gathering information on the public companies in your ecosystem is relatively easy. Most of them are featured in the news, and regularly release financial information in public forums. However, we've found that private companies often make up upwards of two-thirds of critical suppliers, vendors or counterparty listings for any given client. This poses a few challenges:
- How do you obtain a relatively comparable information-set to evaluate your private targets, not just your public ones?
- Where do you find the time and resources to collect, compile and analyze this data, especially as private companies are often very hesitant to comply?
- Will you be able to get this information in a timely fashion?
RapidRatings Network Outreach team provides a solution to all three items above and will work directly with your private counterparties to collect financial data and provide you with actionable ratings guidance.
Our dedicated Network Outreach Team will guide counterparties throughout the process and address questions related to the financial statement upload process, ratings methodology, and security and privacy. Each of your counterparties has a designated analyst assigned to the request who will work with your counterparty through the entire process. Once the counterparty submits all required financial information
All information we collect and ratings we generate are kept strictly confidential and are never shared with other clients without the direct authorization of the company.
For more information on the Network Outreach process, go to the overview of the process to get started!