SpendHQ, RapidRatings Launch Supplier Risk Solution for Procurement Teams

SpendHQ in partnership with RapidRatings launched its supplier risk management solution that proactively monitors supplier risks across financial, geopolitical, and operational factors.

“Procurement teams face growing complexity as supplier relationships increase and supply chain risks intensify,” says Scott Macfee, CEO of SpendHQ. “This solution unites intelligence from leading procurement and supply chain risk providers, equipping teams to mitigate supplier risks related to financial health, cybersecurity, ESG compliance, and more.”

“RapidRatings is proud to partner with SpendHQ in a shared mission to enhance supply chain risk visibility,” says John R. D’Aleo, CEO of RapidRatings. “By combining RapidRatings’ predictive financial analytics and deep insights into private supplier financials with SpendHQ’s advanced Spend Intelligence, we provide businesses with the knowledge and tools needed to build and maintain resilient supply chains.”

Key takeaways:

• SpendHQ combined data from global market-leading technology providers to build a comprehensive supplier risk management solution that can be managed from a single, intuitive interface.
• Companies can view real-time updates related to supplier financial health; cybersecurity vulnerabilities; ownership and political risk; and supplier ESG performance.