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* FHR Network * Client Login * Blog * Enterprise Solutions * Products * Solutions * Support & Services * The FHR Network * FHR Network For Enterprise * FHR Network For Members * Resources * Blog * Data Sheets * Videos * Webinars * Whitepapers * News * Awards & Certifications * News Coverage * Press Releases * Media Interviews * About Us * Leadership * Clients * Partners * Events * Careers * Contact Us Search GET A DEMO RAPIDRATINGS BLOG BIG OCTOBER; LISTED, MENTIONED, AND RECOGNIZED Posted by Mark Day on October 21, 2021 * * Share RapidRatings Listed in the Spend Matters Almanac and ProcureTech100 for 2021 For many companies around the world, this October has been a defining month. Beyond the typical trappings that come with any budget season, there are new, late-stage pandemic priorities, adjustments, and concerns that are top-of-mind for chiefs of sourcing, procurement, risk, and finance. Just a few weeks ago, at the Americas Procurement Congress in Boston, some of the most influential leaders in procurement and sourcing discussed many of those priorities: delivering cost savings, reducing the impact of supplier risk, developing team skills & talents, and driving operational efficiencies. We also conducted our own informal poll on LinkedIn—asking folks to rank those same priorities. While the results were close, “reducing impact of supplier risk” reigned supreme. And this will come as no surprise to our own clients and other major enterprises experiencing significant supply chain disruption (read: all of them), but the in-between and unsaid parenthesis in that phrase is a need to collaborate more closely with critical suppliers and gain deeper sub-tier visibility across complex supply chains—of which the vast majority remain wholly or near-wholly dependent on private companies. There’s data behind this as well. Earlier this month, Gartner revealed some of their own (more formal) polling at the EMEA Supply Chain Symposium. One of the key questions asked: What Investments or Adjustments is Your Company Making, or Planning to Make, to Achieve Greater Resilience and/or Agility? More than three-fourths (77%) said that “Collaboration With Key Customers and Suppliers” was a primary investment area—right now. For all of us at RapidRatings, this October has been a big October too. We’re hearing from clients (current and future), globally, that a common data-based language (through the Financial Health Rating and Financial Dialogue Report) is a meaningful tool for achieving exactly what has been said—via the Gartner poll, at the Americas Procurement Congress, and many other places—and corroborated: to not only reduce the impact of supplier risk but also to create better relationships and strengthen the resilience of their supply chains—upstream and downstream. In fact, we were recently recognized (for these very reasons) by two major industry selections. This month, RapidRatings was listed in the Spend Matters Almanac—as one of the top 50 “Providers to Know”—and in the ProcureTech100—as one “the definitive 100 pioneering digital procurement companies”. We were joined by some of our leading partners as well: LevaData, Jaegger, Aravo, Suplari, and GEP. The latter of which mentioned us in their latest press release. But all of these accolades come with clear expectations. And as an organization, we’ll continue to challenge ourselves—bringing more transparency, empathy, enabling collaboration, and helping drive better business outcomes in an era where the challenges are more complex, decision-making is more dynamic, and the stakes are ever higher. P.S. Ask us about our own recent Gartner mention. Topics: Supplier Risk Management, Risk Assessment, Supplier Collaboration SUBSCRIBE TO OUR BLOG Business Email Address* Notification Frequency Lifecycle Stage By signing up you are agreeing to receive information about RapidRatings’ products and services. You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy. MOST POPULAR POSTS * State of Supply Chain: Industry-Specific Stress Test * Culture Shift in Supplier Relationship Management: Three Benefits of Treating Suppliers Like Partners * The 3 Myths of Private Company Financial Analysis: Lessons Learned from the Coates Engineering Group Bankruptcy * Why you don’t want to rely on payment scores to make decisions on your suppliers * Solving for Tariffs: 4 Key Considerations for Supply Chain Risk Management POSTS BY TOPIC * Supplier Risk Management (48) * Risk Assessment (29) * Third-Party Risk Management (20) * Market Events (18) * CECL (16) * Bankruptcies & Default Studies (11) * Financial Services (10) * Regulatory Compliance (10) * COVID-19 (8) * Supplier Collaboration (8) * Credit Risk Management (5) * inventory (2) * Coronavirus (1) * Energy Sector (1) * financial health (1) * payment scores (1) * source-derived data (1) * trade payment data (1) see all Subscribe to thought leadership updates with RapidRatings Stay updated ABOUT US RapidRatings is transforming the way the world’s leading companies manage enterprise and financial risk. 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