A Secure Membership Platform for Private Company Suppliers

The Financial Health Rating is the cornerstone of the Financial Health System. The rating is a single number from 0-100 that indicates the overall financial health of a given company and is an industry standard for determining a company’s viability. Financial health is the gateway to understanding a company’s underlying strengths and weaknesses.

A company’s financial health is an accurate and predictive key performance indicator that is instrumental to determining how it will perform as a business partner (vendor, supplier, credit counterparty, or other third party). We use sophisticated profiling techniques to benchmark the financial characteristics of any company against millions of observations.

The FHR®:

• Is based purely on financial statement data (Income Statement, Balance Sheet, Cash Flow Statement)
• Employs 24 industry-specific models to account for variations in industry-specific risk
• Is calculated with 62 efficiency ratios and 11 default-resiliency ratios
• Is a uniform metric for public AND private companies
• Is company specific, with no broad market sentiment or geo-political data incorporated

The Financial Health Rating (FHR) is the business standard for assessing financial health of a business partner you rely on.

Our clients manage relationships with potentially hundreds or thousands of public and private partners from around the world. The FHR provides a standardized method of measuring and managing risk on an apples-to-apples basis.

The FHR sets a new standard for financial health transparency between business partners. Both enterprise clients and members benefit when joining the FHR Network.

The FHR Network gives you expanded capabilities that can help you communicate your exposures and opportunities—discreetly and confidentially. You will receive an objective overview of your firm’s financial health to enable the CFO with business planning and the CRO with the ability to show that you meet the transparency standards for financial health, helping you grow your business.

You will be able to financially compare your firm to peer companies through industry benchmarks.

You can start to leverage RapidRatings to bolster your own supply chain risk management program by accessing the financial health ratings of your public suppliers. You may consider expanding your partnership with RapidRatings to requesting ratings for your own private suppliers and customers to build more resiliency into your supply chain.

The RapidRatings FHR Network allows you to seamlessly share your assessment with any customer of your choosing, purely at your discretion. The transparency you gain will help you proactively manage your relationship with your customer base. Your customers can be confident the analysis shared is quantitative, standardized, and unbiased in nature.

Financial resilience will be a reoccurring theme from your customers in coming months as the impact of Covid-19 is absorbed across the broader economy. This can be accomplished directly through the RapidRatings FHR Network or via downloadable reports. Additional costs are not incurred to share your financial data with additional clients.

On this page there is a 'Register Now' button that will take you to a secure portal where you can register, pay and upload the financial statements.

You can expect the rating and reports to be available approximately 5 business days after the financial statements are provided.

A RapidRatings representative will reach out to you and walk you through this process, or you can sign up on your own.

RapidRatings FHR Network is a sharing platform that enables suppliers to share their FHR report with parties of their choice. If a supplier chooses to only share their FHR report with the party requesting an FHR, that is the supplier’s decision: It is a disclosure setting that the supplier can select inside the FHR Network service. The RapidRatings terms permit the maximum sharing activity possible in the service, which supports all of our supplier disclosures and their unique preferences.

The supplier’s disclosure setting is automatically set to “Standard Transparency,” which permits all financial information and the full suite of reporting to be provided. There is also a “Limited Transparency” setting that shares only the FHR rating and limited reporting. A supplier may select the Limited Transparency setting if they do not want their financial information to be shared. This significantly limits the reports that will be made available to the party requesting the FHR. Suppliers can also stop sharing their FHR and information by contacting network support.

The RapidRatings FHR Network securely holds the financial information of suppliers. All data is encrypted in transit and at rest using best in class encryption standards (TLS1.2 and AES256). All data is transmitted via HTTPS TLS1.2 encryption and is encrypted at rest when stored in US based data centers that are ISO27001:2013 and SOC1 & 2 certified. The services are hosted within Amazon AWS cloud infrastructure, and the live service is hosted in multiple redundant data centers in the US East region of AWS, synchronized daily with our disaster recovery facility hosted in the US West region of AWS. The RapidRatings data center vendors have no access to data. For full information about RapidRatings information security, visit the RapidRatings Help Center – Information Security.