A new tool for evaluating and monitoring the financial health of your supply chain has been released. Avetta Financial Risk provides a supplier risk rating using Experian-generated metrics Intelliscore PlusSM and Financial Stability Risk ScoreSM.
These tools can provide insight into a company’s overall financial health so businesses can effectively evaluate business risk for using specific suppliers on projects. Financial insights can be displayed in the customised Avetta dashboard so users can view their supply chain’s financial stability at a glance.
“Assessing financial stability, locally or globally, is critical in evaluating project risk. With Avetta Financial Risk companies can better ensure continual operations by intelligently managing the safety, sustainability, and financial health of their supply chain network,” said Taylor Allis, chief product officer of Avetta.
Intelliscore Plus is Experian’s premier business credit score model, providing an easy-to-use 1 to 100 risk score. The score considers more than 800 variables, resulting in an unparalleled view of a supplier’s financial status.
