RapidRatings Reviews & Product Details

RapidRatings is an effective and useful tool in our TPRM program. The tool is easy to use. Any time we need help, the customer service we receive from RapidRatings is quick and efficient. We use it to evaluate the financial health of our potential third parties as well as pull it periodically on our existing third parties. It's helpful because the reports clearly show the financial health of a company and can help us spot potential risks that may arise. Review collected by and hosted on G2.com.

When a supplier doesn't have an FHR score, the insights can be limited. They do still offer the healthmark score to help in assessing financial health of a third party. Review collected by and hosted on G2.com.

Rapid Ratings is helpful because it gives a clear score (FHR and CHS ) that shows how financially healthy a company is, which helps you spot risks early. It also provides reports with questions you can use to talk to suppliers about their financial situation. One of the biggest advantages is that it covers both public and private companies, and its analysis looks forward, not just at past data. This helps you make better decisions, save time, and reduce the risk of working with financially unstable suppliers. Another benefit of using Rapid Ratings is that it helps organizations prioritize their resources more effectively. By clearly identifying which suppliers pose higher financial risks, we can focus our time and mitigation efforts where is necessary. This targeted approach improves efficiency and supports smarter, more strategic decision-making across the supply chain. Review collected by and hosted on G2.com.

Sometimes, private companies may not provide enough financial data, which can result in missing or incomplete reports. New users may need time to fully understand how to interpret the FHR scores, financial dialogue reports, and how to integrate them into internal processes. Additionally, the platform relies on supplier cooperation, if a supplier doesn’t share their financials, the insights are limited. Another limitation of Rapid Ratings is that it does not always effectively capture complex ownership structures or recent changes in company ownership. In cases where a business operates under multiple legal entities, holding companies, or has undergone mergers or restructurings, there can be confusion about which entity is being assessed. This can lead to misinterpretation of the financial health data and may require additional due diligence to fully understand the corporate context. 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.

They stay on top of the 10K reporting and within a month of posting you can find updated reporting for many of the public vendors. They tool is easy to use, and they have multiple reporting options to help with ongoing monitoring. Their client success managers are extremely knowledgeable. It has been an absolute please to work with Will Powell. He keeps us on the calendar for regular check-ins to discuss any changes or seminars and learning events that RapidRatings is hosting. He is also always available for questions, and we rarely have to wait more the 48 hours without an accurate response. It has been a great partnership. Review collected by and hosted on G2.com.

I wish there was a way to get better quality information for Private companies. The HealthMark score is a benchmark but at times that mark is a lot more favorable than the reality of the Vendors finances. Review collected by and hosted on G2.com.

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.

Customized & Elite Supply Chain Financial Transparency at a Glance, Ease of Implementation, Cultural Improvements, System Integrations, and Robustness in Process. Ideal Customer Support-Partnership, particularly when Expanding Utilization across All Corporate Required Interfaces with increased Frequency of Use by Ease of Understanding & Benefits for all Parties Long-Term! Review collected by and hosted on G2.com.

Opportunities exist to partner with Dow Jones to become the Dynamic Duo for All Risk Avoidance in all Industries. Most companies require additional compliance regulations beyond financial risk management. Rapid Ratings and Dow Jones are Second to None in this industry - Hands Down! Review collected by and hosted on G2.com.

Helps find what is best option for what you are looking for. Review collected by and hosted on G2.com.

Can give bad ratings which can make you business or product loose money. Review collected by and hosted on G2.com.

Rapid rating povide very much transparent supplier Financial details which help us to fore see risk & leverage for rislk mitigation. rating scale help us to know which parameters of supplier account have to get boosted for stratergic partnering with GEHC. Swift response for any queries & alert mail help to see the pulse of suppliers FHR. Review collected by and hosted on G2.com.

platform to be more user interface & interactive for pull data sets for specific customer account supplier details. Review collected by and hosted on G2.com.

RapidRatings excels in responsiveness and support, and their ability to deliver deep, data-driven insights into third-party financial health with clarity and precision. I also appreciate Rapid Rating's ease of use, and its ability to translate complex financial data into actionable intelligence. Last, but certainly not least, our Client Success Manager, Will Powell is always responsive, knowledgeable, and friendly. Review collected by and hosted on G2.com.

I have not experienced any downsides to working with Rapid Ratings. Review collected by and hosted on G2.com.

Rapid Ratings delivery on their core services had been sharp and insightful. Suppliers financial risk profile is evaluated and Rapid Ratings provides relevant financial insights to help users understand key drivers to their performance. Easily understood by non-finance trained professionals using their services. Review collected by and hosted on G2.com.

Evaluations are modelled out of standard key drivers and do not cater for noises and local FRS requirements. Review collected by and hosted on G2.com.