Gathering information on the public companies in your ecosystem is relatively easy - most of them feature 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?
We're glad you asked, because that's three of the main reasons for signing up to have us do the work for you via our private company network outreach. RapidRatings will work directly with suppliers to collect financial data and provide you with actionable ratings guidance when you need it.
Know that you want to use our solicitation program but have some specific requirements? Check out our advanced solicitation offerings
Our dedicated Network Outreach Team will guide suppliers throughout the process and address questions related to ratings methodology, security and privacy. Every single one of your Targets has a specific analyst assigned to the case, who will work with your supplier through the entire process. At the end of it, you'll get an FHR Report, which allows you to compare your entire base on the same standards without any of the headache.
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.
Convinced? Then move on to the overview of the process to get started!