Identifying, vetting, and onboarding suppliers is a major process for procurement teams. SupplyChainMonitor™ can ease that burden by providing third-party, unbiased data and analysis to ensure you’re not adding any weak links to your supply chain.
Reduce the noise in evaluating RFP responses
SupplyChainMonitor™ helps simplify and qualify the RFP form submission process by providing firmographic data about potential vendors, such as:
- Employee headcount
- Employee locations
- Industries they serve
- Financial accounts and ratios
Our predictive financial risk scores like the FRISK® and PAYCE® can also be leveraged to:
Quickly and accurately differentiate low-risk vendors from high-risk ones
Our FRISK® and PAYCE® can be leveraged to quickly provide a snapshot of a potential vendor's financial stability.
Serve as a first-pass filter to protect your supply chain from future instability.
By helping you quickly filter out vendors who lack financial stability, you can accelerate your evaluation process while protecting your company's long-term financial stability.
Provide Peer Analysis, so you can compare group(s) of suppliers
Easily evaluate potential vendors in comparison with one another or against other companies providing similar services.
Simplify bid reviews and bid leveling.
From firmographic data such as employee headcount, locations, and industries to detailed financial accounts and ratios, SupplyChainMonitor™ can simplify and qualify the RFP form submission process. Additionally, our predictive financial risk scores like the FRISK® and PAYCE® can also be leveraged to quickly and accurately differentiate low-risk vendors from high-risk ones, acting as a first-pass filter to protect your supply chain from future instability. Here too, the robust Peer Analysis tool allowing you to compare group(s) of suppliers over the last nine quarters or the last 10 years across five scores and 40 different financial statement ratios at a time – complete with trend charting – simplifies bid reviews and bid leveling.