Date: 08/21/2024
Vendor: RapidRatings / Carroll International
Technology/Topic: A Modern, Forward-looking Financial Investigation and Risk Management Solution for Federal Supply Chains and Acquisitions
URL: https://www.rapidratings.com
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Welcome to the Technical Exchange Meeting (TEM)!
RapidRatings is a NY based software as a service provider that has partnered with Carroll Woods, Inc. DBA Carroll International as their sole federal distributor. This software brings you a unique humanless AI software module to process and analyze the financial health of firms and predict their strength in regard to risk of future failure. RapidRatings provides a forward-looking stance of predicting the financial health and strength, offering real-time analysis based on a company’s financial statements and other relevant information, in contrast to typical credit rating agencies (D&B) that mostly depend on backward-looking data and subjective interpretation.
RapidRatings’ purely quantitative, human-less, predictive AI software as a service model has identified ~90% of financial defaults on average 12 months in advance, providing valuable time to proactively mitigate potential disruptions with critical suppliers. By directly obtaining private company financials on our client’s behalf to provide the same depth of analysis as public companies, globally in any language. The narrative-style reports provide insights that are intuitive enough for non-finance users to understand what the risk is, how it’s trending, how it relates to industry peers, and how to take action on it. This also allows the government to understand their supplier’s cash conversion cycles, and structure payments in accordance with short- and medium-term risk, and more when necessary.
For the federal government, RapidRatings can be particularly beneficial in several ways. First, it can enhance supply chain resilience by identifying financially unstable vendors, thereby mitigating risks of disruption due to supplier insolvency. This proactive risk management is crucial for maintaining operational continuity and protecting sensitive government operations. Furthermore, the tool’s detailed insights facilitate more informed decision-making in procurement and contracting, ensuring that partnerships are formed with financially sound entities.
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