Lockpath Partners with RapidRatings
September 2018 by Emmanuelle Lamandé
Lockpath announced a new partnership with RapidRatings, a provider of financial health ratings.
The partnership will include a technology integration of RapidRatings’ Financial
Health Rating within Lockpath’s Keylight Platform, a governance, integrated risk management and compliance (GRC) solution. This integration will benefit joint customers, who will be able to garner a more complete view of the risk
posed to them by vendors, partners, suppliers and third parties in general.
Financial health is the gateway to understanding a vendor or supplier’s underlying
strengths and weaknesses and provides a universal benchmark for choosing who to
partner with in the short and long term. The Financial Health Rating’s numeric
score, 0-100, depicts a company’s financial viability, operating efficiency,
probability of default, and ability to maintain resilient operations during a
disruptive event. RapidRatings will provide these important financial insights
within Keylight to help customers better manage third-party risk.
Lockpath’s Keylight Platform integrates the full vendor lifecycle into
daily processes and includes capabilities for information gathering, due diligence
investigation, risk assessments, contract negotiation, ongoing monitoring and
termination workflows. By centralizing all this information in one user-friendly
solution and providing advanced reporting capabilities, Keylight allows
organizations to better manage vendor risk and to reduce the risk of non-compliance.