RapidRatings Financial Health Intelligence
RapidRatingsReviews from AWS customer
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Definitely one of the top-players in the field of financial risk management.
What do you like best about the product?
Rapid Ratings delivery on their core services had been sharp and insightful. Suppliers financial risk profile is evaluated and Rapid Ratings provides relevant financial insights to help users understand key drivers to their performance. Easily understood by non-finance trained professionals using their services.
What do you dislike about the product?
Evaluations are modelled out of standard key drivers and do not cater for noises and local FRS requirements.
What problems is the product solving and how is that benefiting you?
Helping companies make an assessment on risk profile of their supplier base and take mitigating actions.
Easy to use platform, helpful reporting data
What do you like best about the product?
RapidRatings is an effective and useful tool in our TPRM program. The tool is easy to use. Any time we need help, the customer service we receive from RapidRatings is quick and efficient. We use it to evaluate the financial health of our potential third parties as well as pull it periodically on our existing third parties. It's helpful because the reports clearly show the financial health of a company and can help us spot potential risks that may arise.
What do you dislike about the product?
When a supplier doesn't have an FHR score, the insights can be limited. They do still offer the healthmark score to help in assessing financial health of a third party.
What problems is the product solving and how is that benefiting you?
We use RapidRatings to see the financial health of potential vendors at initial due diligence and existing vendors periodically throughout the life of the relationship. This helps us see potential risks of working with financially unstable vendors or getting ahead of possible risks with the trends RapidRatings sees in the financials.
Great experience, easy platform and insightful reports
What do you like best about the product?
Rapid Ratings is helpful because it gives a clear score (FHR and CHS ) that shows how financially healthy a company is, which helps you spot risks early. It also provides reports with questions you can use to talk to suppliers about their financial situation. One of the biggest advantages is that it covers both public and private companies, and its analysis looks forward, not just at past data. This helps you make better decisions, save time, and reduce the risk of working with financially unstable suppliers. Another benefit of using Rapid Ratings is that it helps organizations prioritize their resources more effectively. By clearly identifying which suppliers pose higher financial risks, we can focus our time and mitigation efforts where is necessary. This targeted approach improves efficiency and supports smarter, more strategic decision-making across the supply chain.
What do you dislike about the product?
Sometimes, private companies may not provide enough financial data, which can result in missing or incomplete reports. New users may need time to fully understand how to interpret the FHR scores, financial dialogue reports, and how to integrate them into internal processes. Additionally, the platform relies on supplier cooperation, if a supplier doesn’t share their financials, the insights are limited. Another limitation of Rapid Ratings is that it does not always effectively capture complex ownership structures or recent changes in company ownership. In cases where a business operates under multiple legal entities, holding companies, or has undergone mergers or restructurings, there can be confusion about which entity is being assessed. This can lead to misinterpretation of the financial health data and may require additional due diligence to fully understand the corporate context.
What problems is the product solving and how is that benefiting you?
Rapid Ratings is used as a strategic tool to assess the financial health of suppliers as part of the company’s broader supplier risk management program. By leveraging the Financial Health Rating (FHR) and financial dialogue reports, We can proactively identify suppliers that may pose a financial risk to its operations. This allows us to take early action, such as engaging in discussions with suppliers, developing mitigation plans, or adjusting sourcing strategies to ensure supply chain continuity and resilience. Rapid Ratings also supports internal alignment across procurement, finance, and risk teams by providing consistent, data-driven insights into supplier stability.
Rapid Ratings is a great company to work with.
What do you like best about the product?
RapidRatings excels in responsiveness and support, and their ability to deliver deep, data-driven insights into third-party financial health with clarity and precision. I also appreciate Rapid Rating's ease of use, and its ability to translate complex financial data into actionable intelligence. Last, but certainly not least, our Client Success Manager, Will Powell is always responsive, knowledgeable, and friendly.
What do you dislike about the product?
I have not experienced any downsides to working with Rapid Ratings.
What problems is the product solving and how is that benefiting you?
In our organization, Rapid Rating's Private Company Outreach and Financial Health Rating (FHR) is used to drive our Financial Health program, which is needed to comply with the policy.
RR Customer Reviews
What do you like best about the product?
RapidRatings has proven to be a highly effective and reliable tool in our TPRM framework, particularly when it comes to evaluating the financial health of private companies. The platform’s automated alerts are another strong point.
RapidRatings also supports direct outreach to suppliers, which helps streamline the due diligence process.
RapidRatings also supports direct outreach to suppliers, which helps streamline the due diligence process.
What do you dislike about the product?
The Private Outreach process can take 3–4 weeks, and vendors sometimes delay or refuse to participate.
Per contract, outreach efforts are often restricted and must be reserved for critical vendors. This limits the scalability of the tool for broader vendor populations. Although the system provides alerts, Relationship Managers still need to manually follow up with vendors and track outreach statuses, which can be resource-intensive
Per contract, outreach efforts are often restricted and must be reserved for critical vendors. This limits the scalability of the tool for broader vendor populations. Although the system provides alerts, Relationship Managers still need to manually follow up with vendors and track outreach statuses, which can be resource-intensive
What problems is the product solving and how is that benefiting you?
RapidRatings has become a cornerstone in our Third Party Risk Management (TPRM) framework, particularly for evaluating the financial health of private companies. Its Financial Health Rating (FHR) system and alerting capabilities have helped streamline risk assessments and improve responsiveness to vendor financial instability.
Financial Risk Avoidance Paradigm Shift to Excellence
What do you like best about the product?
Customized & Elite Supply Chain Financial Transparency at a Glance, Ease of Implementation, Cultural Improvements, System Integrations, and Robustness in Process. Ideal Customer Support-Partnership, particularly when Expanding Utilization across All Corporate Required Interfaces with increased Frequency of Use by Ease of Understanding & Benefits for all Parties Long-Term!
What do you dislike about the product?
Opportunities exist to partner with Dow Jones to become the Dynamic Duo for All Risk Avoidance in all Industries. Most companies require additional compliance regulations beyond financial risk management. Rapid Ratings and Dow Jones are Second to None in this industry - Hands Down!
What problems is the product solving and how is that benefiting you?
Increased & Ideal Frequency of Financial Transparency in our Supply Chain, including methodologies for retaining Private Corporations regularly. Additionally, they understand that customization and defining ideal compliance KPIs beyond the standard status quo will never get companies where they desire financial risk avoidance success.
Quick, Easy, and Effective reports
What do you like best about the product?
They stay on top of the 10K reporting and within a month of posting you can find updated reporting for many of the public vendors. They tool is easy to use, and they have multiple reporting options to help with ongoing monitoring. Their client success managers are extremely knowledgeable. It has been an absolute please to work with Will Powell. He keeps us on the calendar for regular check-ins to discuss any changes or seminars and learning events that RapidRatings is hosting. He is also always available for questions, and we rarely have to wait more the 48 hours without an accurate response. It has been a great partnership.
What do you dislike about the product?
I wish there was a way to get better quality information for Private companies. The HealthMark score is a benchmark but at times that mark is a lot more favorable than the reality of the Vendors finances.
What problems is the product solving and how is that benefiting you?
Helping with a documented, repeatable report that take human subjectivity out of the mix giving us a consistent unbiased report each time.
Great experience working with Will for the emerging risk we are building
What do you like best about the product?
Financial health capability for private companies
What do you dislike about the product?
None identified so far. But RR has been proactive
What problems is the product solving and how is that benefiting you?
Financial health monitoring for private companies
Easy to incorporate and add value.
What do you like best about the product?
I like the usability of the reports; they have a lot of meaningful data and are easy to understand. We are able to take the data in the reports and integrate them into processes and technology. Another huge help is the helpfulness of our relationship manager. Will P is incredibly responsive.
What do you dislike about the product?
Not sure what is not to like. The product works exactly as sold.
What problems is the product solving and how is that benefiting you?
RR is giving us valuable insights to the health of our vendors which allows us to protect ourselves from potential disruptions.
Nothing but pleasant interactions with RapidRatings
What do you like best about the product?
Their FHRs have proven great value to our risk assessments for our suppliers. We use FHRs as many times as we can for confidently assessing financial risk. FHRs are also easy to read and apply to our own risk ratings. Will Powell and Anthony Knox have been incredibly helpful in guiding us through all of the new features.
What do you dislike about the product?
RapidRatings' HealthMark reports with low data depth is an area for concern. My suggestion would be adding a level of risk threat for that rating. If there is a small suplier and that is why there is little data depth, then that should be noted. If there is a very large supplier or enterprise critical supplier with low data depth, it would be interesting to see a way to highlight that.
What problems is the product solving and how is that benefiting you?
RapidRatings provides exceptional financial insight into suppliers' financial metrics, making it easy to read as an analyst and to combine with my own additional research while assessing risk ratings.
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