Collaboration Delivers Enhanced Predictive Financial Risk Intelligence to Strengthen Network Agility and Resilience
SAN MARCOS, Calif. – October 24, 2023 – Everstream Analytics, the global AI-powered supply chain insights and risk analytics company, today announced its partnership with RapidRatings, a global supply chain risk management solution provider that helps customers gain up-to-date and comprehensive financial health insights into their business partners’ financial stability.
Companies do not fail overnight; Deteriorating financial health is correlated with a litany of issues including delayed deliveries and price volatility. The resiliency of a supply chain to deliver products on time and per the terms of contract rests on the financial viability of third parties. The robust integration of RapidRatings’ proprietary FHR ® data and actionable analysis coupled with Everstream’s risk intelligence platform gives joint customers the deepest visibility into potential risk factors hidden in their supply chain.
“We are excited to join forces with Everstream to provide joint customers with advanced predictive insights to proactively mitigate risk in the supply chain,” said Eric Evans, Managing Director, Partnerships and Alliances, RapidRatings. “With our data on the financial viability of suppliers, paired with Everstream Analytics’ end-to-end risk intelligence, joint customers will have unmatched transparency and relevant risk insights across even the most complex supplier networks.”
RapidRatings’ risk management solution uses financial health to accurately measure and drive excellence in supply chain resiliency. Its predictive model focuses on financial statements allowing customers to proactively monitor potential disruptions with extreme accuracy while enabling transparency through actionable insights for elevated risk mitigation.
“Our strategic partnership advances Everstream’s vision of fostering transparent, agile, and resilient global value chains,” said Julie Gerdeman, CEO of Everstream Analytics. “By integrating RapidRatings’ enhanced intelligence into our real-time insights and strategic supplier risk analysis, customers gain a detailed view into the financial health of potential suppliers, empowering them to make strategic decisions with unparalleled speed and precision. We are thrilled to partner with RapidRatings to enable organizations to fortify their operations and navigate ongoing disruptions for lasting resilience.”
To learn more about Everstream’s strategic supplier risk analysis, visit https://www.everstream.ai/solutions/supplier-risk-management-software/.
About Everstream Analytics
Everstream Analytics sets the global supply chain standard. Through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics and business continuity platforms generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset. To learn more, visit https://www.everstream.ai/.
About Rapid Ratings
RapidRatings sets the standard for financial health transparency between business partners, transforming the way leading companies manage enterprise and financial risk. The company provides the most sophisticated analysis of the financial health of public and private companies in over 140 countries worldwide. Through RapidRatings’ FHR Exchange, an innovative and secure membership platform, businesses can build more meaningful relationships and gain visibility into the financial stability of global suppliers, vendors, and other third parties. Learn more at www.rapidratings.com.
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