RapidRatings Pricing Overview

Their FHRs have proven great value to our risk assessments for our suppliers. We use FHRs as many times as we can for confidently assessing financial risk. FHRs are also easy to read and apply to our own risk ratings. Will Powell and Anthony Knox have been incredibly helpful in guiding us through all of the new features. Review collected by and hosted on G2.com.

RapidRatings' HealthMark reports with low data depth is an area for concern. My suggestion would be adding a level of risk threat for that rating. If there is a small suplier and that is why there is little data depth, then that should be noted. If there is a very large supplier or enterprise critical supplier with low data depth, it would be interesting to see a way to highlight that. Review collected by and hosted on G2.com.

RapidRatings has proven to be a highly effective and reliable tool in our TPRM framework, particularly when it comes to evaluating the financial health of private companies. The platform’s automated alerts are another strong point.

RapidRatings also supports direct outreach to suppliers, which helps streamline the due diligence process. Review collected by and hosted on G2.com.

The Private Outreach process can take 3–4 weeks, and vendors sometimes delay or refuse to participate.

Per contract, outreach efforts are often restricted and must be reserved for critical vendors. This limits the scalability of the tool for broader vendor populations. Although the system provides alerts, Relationship Managers still need to manually follow up with vendors and track outreach statuses, which can be resource-intensive Review collected by and hosted on G2.com.