# RapidRatings Reviews **Vendor:** RapidRatings **Category:** [Financial Data APIs](https://www.g2.com/categories/financial-data-apis) **Average Rating:** 4.7/5.0 **Total Reviews:** 18 ## About RapidRatings RapidRatings® is a specialized performance network designed to assist enterprises in managing third-party and supply chain risk effectively. By leveraging verified financial health intelligence, RapidRatings connects enterprises with their suppliers and vendors, fostering shared transparency across the entire ecosystem. This innovative approach enables organizations to gain early visibility into potential financial stress, allowing them to prevent disruptions, enhance supplier relationships, and ultimately drive improved performance. The foundation of RapidRatings' offerings is the Financial Health Rating (FHR®) Report, which assesses the financial stability of both public and private companies across more than 140 countries. The FHR evaluates critical financial documents such as balance sheets, income statements, and cash flow trends, alongside key risk drivers. This comprehensive analysis provides organizations with current risk insights and historical performance tracking, empowering them to make informed decisions regarding their supplier relationships. In addition to the FHR Report, RapidRatings offers ActionPath, a tool that assists suppliers in transforming financial risk findings into actionable improvement strategies. This feature not only enhances the confidence enterprises have in their supplier base but also provides suppliers with a structured approach to bolster their performance and demonstrate resilience over time. By focusing on measurable improvements, ActionPath helps create a more robust supply chain. Furthermore, RapidRatings introduces RiskPulse, which enhances the monitoring capabilities of the network. RiskPulse offers real-time oversight of over 400 million entities globally, providing critical data such as payment behavior, credit scores, legal filings, alerts, and trend analysis. This extensive monitoring ensures that enterprises have scalable oversight of their supplier and vendor ecosystems, enabling them to respond proactively to any emerging risks. Collectively, these tools equip enterprises with a comprehensive view of the risks associated with their suppliers and vendors. Simultaneously, suppliers benefit from actionable strategies aimed at optimizing their business operations and strengthening partnerships. RapidRatings stands out in its category by delivering a holistic approach to supply chain risk management, ensuring that both enterprises and suppliers can navigate the complexities of financial health and performance with confidence. ## RapidRatings Pros & Cons **What users like:** - Users commend the **exceptional customer support** of RapidRatings, enhancing their experience and partnership quality significantly. (6 reviews) - Users praise the **ease of use** of RapidRatings, appreciating its intuitive interface and accessible reporting options. (5 reviews) - Users value the **usability of reports** and the responsive support from their relationship manager, enhancing their risk assessment processes. (3 reviews) - Users appreciate the **swift response time** of RapidRatings, enhancing their ability to assess financial risks effectively. (3 reviews) - Users value the **flexibility of RapidRatings** , enabling seamless integration of data for strategic decision-making and risk management. (2 reviews) - Integrations (2 reviews) - Risk Management (2 reviews) - Visibility (2 reviews) - Assessment Process (1 reviews) - Communication (1 reviews) **What users dislike:** - Users express concern over **low data depth** in RapidRatings' HealthMark reports, suggesting enhancements for risk assessment clarity. (1 reviews) - Users express concerns over the **expensive pricing** of RapidRatings, which may impact overall value perception. (1 reviews) - Users are frustrated with the **slow loading** times, often facing delays that disrupt their workflow and experience. (1 reviews) - Users experience **slow performance** with RapidRatings, often being kicked out and needing to sign back in multiple times daily. (1 reviews) ## RapidRatings Reviews ### 1. Easy to use platform, helpful reporting data **Rating:** 5.0/5.0 stars **Reviewed by:** Jenny D. | Senior Manager - Third Party Risk Management, Enterprise (> 1000 emp.) **Reviewed Date:** June 25, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** 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. **What problems is RapidRatings solving and how is that benefiting you?** We use RapidRatings to see the financial health of potential vendors at initial due diligence and existing vendors periodically throughout the life of the relationship. This helps us see potential risks of working with financially unstable vendors or getting ahead of possible risks with the trends RapidRatings sees in the financials. **Official Response from Eric Collier:** > Jenny, thank you for the great response! We're glad to hear of the value you're seeing in our product, and the support you receive from our team. ### 2. Great experience, easy platform and insightful reports **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Mechanical or Industrial Engineering | Enterprise (> 1000 emp.) **Reviewed Date:** June 18, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** 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. **What problems is RapidRatings solving and how is that benefiting you?** Rapid Ratings is used as a strategic tool to assess the financial health of suppliers as part of the company’s broader supplier risk management program. By leveraging the Financial Health Rating (FHR) and financial dialogue reports, We can proactively identify suppliers that may pose a financial risk to its operations. This allows us to take early action, such as engaging in discussions with suppliers, developing mitigation plans, or adjusting sourcing strategies to ensure supply chain continuity and resilience. Rapid Ratings also supports internal alignment across procurement, finance, and risk teams by providing consistent, data-driven insights into supplier stability. **Official Response from Eric Collier:** > Thank you for the very thoughtful review. We appreciate you sharing your experience and providing feedback that's both positive and constructive. We look forward to continuing to support you in mitigating risk within your supply chain. ### 3. RR Customer Reviews **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Accounting | Enterprise (> 1000 emp.) **Reviewed Date:** June 17, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** 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 **What problems is RapidRatings solving and how is that benefiting you?** RapidRatings has become a cornerstone in our Third Party Risk Management (TPRM) framework, particularly for evaluating the financial health of private companies. Its Financial Health Rating (FHR) system and alerting capabilities have helped streamline risk assessments and improve responsiveness to vendor financial instability. **Official Response from Eric Collier:** > Thank you so much for your kind words and for taking the time to share your experience with others. We are delighted to hear that you are pleased with our platform, private company outreach program, and alerts. Our team is always striving to provide the best service we can, and your feedback is greatly appreciated. ### 4. Quick, Easy, and Effective reports **Rating:** 5.0/5.0 stars **Reviewed by:** Dean P. | Manager, Enterprise (> 1000 emp.) **Reviewed Date:** March 05, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** 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. **What problems is RapidRatings solving and how is that benefiting you?** Helping with a documented, repeatable report that take human subjectivity out of the mix giving us a consistent unbiased report each time. **Official Response from Eric Collier:** > Dean, thank you for the kind review. We're glad to hear your experience and greatly appreciate your partnership. ### 5. Nothing but pleasant interactions with RapidRatings **Rating:** 5.0/5.0 stars **Reviewed by:** Nick D. | Financial Risk Analyst, Small-Business (50 or fewer emp.) **Reviewed Date:** February 14, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** 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. **What problems is RapidRatings solving and how is that benefiting you?** RapidRatings provides exceptional financial insight into suppliers' financial metrics, making it easy to read as an analyst and to combine with my own additional research while assessing risk ratings. **Official Response from Eric Collier:** > Thank you for the great review! We're very happy to hear that you get a lot of value out of our assessments, and that your account team is taking good care of you. ### 6. Financial Risk Avoidance Paradigm Shift to Excellence **Rating:** 5.0/5.0 stars **Reviewed by:** Chris S. | General Manager: Lean Six Sigma Supply Chain & Strategic Directional Coach , Enterprise (> 1000 emp.) **Reviewed Date:** March 10, 2025 **What do you like best about RapidRatings?** 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! **What do you dislike about RapidRatings?** 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! **What problems is RapidRatings solving and how is that benefiting you?** Increased & Ideal Frequency of Financial Transparency in our Supply Chain, including methodologies for retaining Private Corporations regularly. Additionally, they understand that customization and defining ideal compliance KPIs beyond the standard status quo will never get companies where they desire financial risk avoidance success. **Official Response from Eric Collier:** > We greatly appreciate your review, Chris. We are pleased to hear that we have effectively supported your process transformation. ### 7. Rating help movement **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Professional Training & Coaching | Small-Business (50 or fewer emp.) **Reviewed Date:** November 21, 2025 **What do you like best about RapidRatings?** Helps find what is best option for what you are looking for. **What do you dislike about RapidRatings?** Can give bad ratings which can make you business or product loose money. **What problems is RapidRatings solving and how is that benefiting you?** Helping me find what can be done to prevent bad ratings. ### 8. Best platform to get supplier Financial Rating **Rating:** 5.0/5.0 stars **Reviewed by:** Santosh D. | Supply Chain Risk Leader, Mid-Market (51-1000 emp.) **Reviewed Date:** January 31, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** platform to be more user interface & interactive for pull data sets for specific customer account supplier details. **What problems is RapidRatings solving and how is that benefiting you?** Rapid rating FHR help us to review with supplier for stratergic buiness & also help to fore see if any supplier getting bankkarptcy **Official Response from Eric Collier:** > Thank you, Santosh! We are thrilled to hear that you have been getting so much value out of our partnership. We are also very excited to deliver some upcoming product releases that we believe will unlock even more insights about your suppliers in an easy-to-use interface. ### 9. Rapid Ratings is a great company to work with. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Enterprise (> 1000 emp.) **Reviewed Date:** June 17, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** I have not experienced any downsides to working with Rapid Ratings. **What problems is RapidRatings solving and how is that benefiting you?** In our organization, Rapid Rating's Private Company Outreach and Financial Health Rating (FHR) is used to drive our Financial Health program, which is needed to comply with the policy. **Official Response from Eric Collier:** > Thank you for your exceptional feedback. We are delighted to hear that your experience with RapidRatings has met your expectations. We greatly appreciate your support and look forward to continuing to serve you. ### 10. Definitely one of the top-players in the field of financial risk management. **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Consumer Goods | Enterprise (> 1000 emp.) **Reviewed Date:** July 20, 2025 **What do you like best about RapidRatings?** 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. **What do you dislike about RapidRatings?** Evaluations are modelled out of standard key drivers and do not cater for noises and local FRS requirements. **What problems is RapidRatings solving and how is that benefiting you?** Helping companies make an assessment on risk profile of their supplier base and take mitigating actions. **Official Response from Eric Collier:** > Thank you for the great review! It's wonderful to hear that you find our product both insightful and accessible. We're thrilled to continue supporting your success in supplier financial risk management. ### 11. Easy to incorporate and add value. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Enterprise (> 1000 emp.) **Reviewed Date:** February 26, 2025 **What do you like best about RapidRatings?** I like the usability of the reports; they have a lot of meaningful data and are easy to understand. We are able to take the data in the reports and integrate them into processes and technology. Another huge help is the helpfulness of our relationship manager. Will P is incredibly responsive. **What do you dislike about RapidRatings?** Not sure what is not to like. The product works exactly as sold. **What problems is RapidRatings solving and how is that benefiting you?** RR is giving us valuable insights to the health of our vendors which allows us to protect ourselves from potential disruptions. **Official Response from Eric Collier:** > Thank you for the great review. We are glad to hear you have had such a good experience with both our product and our team! ### 12. Awesome software **Rating:** 5.0/5.0 stars **Reviewed by:** Shase S. | Sr Financial Analyst, Small-Business (50 or fewer emp.) **Reviewed Date:** January 30, 2025 **What do you like best about RapidRatings?** Gives lots of financial analysis of suppliers. I really like their custom matrix and the amount data it showcases. **What do you dislike about RapidRatings?** Some suppliers dislike their low ratings due to some factors being overlooked such as new ownership or new strategy causing. **What problems is RapidRatings solving and how is that benefiting you?** Rapid Ratings solves alot of our financial concerns by showing financial trends of suppliers over time. **Official Response from Eric Collier:** > Thank you for the thoughtful review. We are happy to hear that you are getting so much value out of our analyses and reports! ### 13. Building Resiliency through Financial viability **Rating:** 4.0/5.0 stars **Reviewed by:** William G. | Manager, Enterprise (> 1000 emp.) **Reviewed Date:** January 30, 2025 **What do you like best about RapidRatings?** Rapid Ratings has allowed us to understand the finacnial health of the supply base for many years with deep financial measureability and providing financial acumen to our supply chain employees **What do you dislike about RapidRatings?** Of course the costs of the solution but also the ability to keep the portfolio updated when its connected to various cloud based systems **What problems is RapidRatings solving and how is that benefiting you?** Rapid Ratings is solving the problem of evaluating finacnial strength **Official Response from Eric Collier:** > Thank you for the great review. We are happy to hear that our depth of data insights and ease of financial understanding has been valuable to you and your teams for so long. We are continuously improving the ease of use in connecting data for our API-based clients. We think you will be pleased with what we have in store coming soon. ### 14. Rapid Ratings Review - 9/10 **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Automotive | Enterprise (> 1000 emp.) **Reviewed Date:** January 29, 2025 **What do you like best about RapidRatings?** Rapid Ratings is easy to use and easy to understand. Customer Support is great. **What do you dislike about RapidRatings?** I don't like how frequently I get kicked out of the application and have to sign back in several times a day. **What problems is RapidRatings solving and how is that benefiting you?** Rapid Ratings allows us to evaluate the stability of our suppliers and safeguard the company's supply chain . **Official Response from Eric Collier:** > Thank you for such a strong review. We are glad to hear that you have been given the top-tier support that we pride ourselves upon. We appreciate your frustrations with multiple sign-ons which is likely driven by our security measures. However, please reach out to your account team directly on this so we can discuss it further and see if there are ways to make the experience better. ### 15. Rapid Rating is a highly regarded tool for our supplier financial risk monitoring **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Logistics and Supply Chain | Enterprise (> 1000 emp.) **Reviewed Date:** January 30, 2025 **What do you like best about RapidRatings?** RR provides full service to reach out to suppliers and also addresses our private supplier. UI is intuitive and easy to use. **What do you dislike about RapidRatings?** There are no downsides and our partnership and continue sync ups allows for enhancement roadmap discussions for new features. **What problems is RapidRatings solving and how is that benefiting you?** RR provides a full service to engage with suppliers and financial gathering, where other platforms do not provide. This allows the process to be managable with a smaller team. Another crucial feature is the assessment of our private supplies, especially over seas, which is limited with other platforms. **Official Response from Eric Collier:** > Thank you for the fantastic review of RapidRatings. We are glad that our tools and service meet your needs. ### 16. RR Review **Rating:** 5.0/5.0 stars **Reviewed by:** Matthew S. | Senior Analyst, Enterprise (> 1000 emp.) **Reviewed Date:** January 29, 2025 **What do you like best about RapidRatings?** Accurate and colorful reports. Customer support is the best that I have seen. **What do you dislike about RapidRatings?** Issue submitting financial statements at times through the site. Our POC is able to help us, but it would be nice to just be able to use the site. **What problems is RapidRatings solving and how is that benefiting you?** RapidRatings is providing expertise for financial risk management **Official Response from Eric Collier:** > Thank you for the 5-Star review! We are so pleased to hear about your positive experience with our reports and even more so about the great support you have received. ### 17. Great experience working with Will for the emerging risk we are building **Rating:** 5.0/5.0 stars **Reviewed by:** Swanand B. | Sr. Director, Enterprise (> 1000 emp.) **Reviewed Date:** February 26, 2025 **What do you like best about RapidRatings?** Financial health capability for private companies **What do you dislike about RapidRatings?** None identified so far. But RR has been proactive **What problems is RapidRatings solving and how is that benefiting you?** Financial health monitoring for private companies **Official Response from Eric Collier:** > Thank you Swanand for the review. We are grateful to hear you are getting value out of the unique depth of financial health insights we can provide on private companies. ### 18. Rapid Ratings Review **Rating:** 5.0/5.0 stars **Reviewed by:** Felicia L. | Sourcing Manager, Enterprise (> 1000 emp.) **Reviewed Date:** February 05, 2025 **What do you like best about RapidRatings?** Easy to use. Great information about supplier financial assessment **What do you dislike about RapidRatings?** Concened about supplier data accuracy and potential false alarm **What problems is RapidRatings solving and how is that benefiting you?** Provide supplier health overview **Official Response from Eric Collier:** > Thank you for the kind review, Felicia. We are happy to hear of your positive user experience. We are fully committed to ensuring our reports are accurate and are happy to review any potential concerns. - [View RapidRatings pricing details and edition comparison](https://www.g2.com/products/rapidratings/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-15+21%3A36%3A55+-0500&secure%5Bsession_id%5D=5831b754-7185-4323-9c3d-9746615fecf3&secure%5Btoken%5D=6887a55b21590678e8bf8637b206a5a7195f73165708641edf26c7829b3566cc&format=llm_user) ## RapidRatings Features **Platform Data** - Visualization **Agentic AI - SAP Store** - Autonomous Task Execution - Multi-step Planning - Cross-system Integration - Adaptive Learning - Natural Language Interaction - Proactive Assistance - Decision Making **Platform Interoperability** - Pre-Built Connectors **Platform Additional Functionality** - Dashboard - Multi-Factor Analysis - Cloud **Platform Basics** - Reporting **Agentic AI - Financial Risk Management** - Natural Language Interaction ## Top RapidRatings Alternatives - [Merge Unified](https://www.g2.com/products/merge-unified/reviews) - 4.7/5.0 (251 reviews) - [Stripe Connect](https://www.g2.com/products/stripe-connect/reviews) - 4.4/5.0 (247 reviews) - [Creditsafe](https://www.g2.com/products/creditsafe/reviews) - 4.5/5.0 (167 reviews)