OVERLAND PARK, Kan., Oct. 30, 2018 /PRNewswire/ — Lockpath, a leading provider of integrated risk management solutions today announced the availability of the integration between its award-winning Keylight ® Platform and RapidRating’s Financial Health System, the industry standard for assessing a company’s viability. Through this product integration, organizations can now leverage financial health analytics within their integrated risk management programs to strengthen risk oversight and management of third-party relationships.
Joint customers can now access the FHR® numeric 0-100 score within Keylight, Lockpath’s governance, risk management and compliance (GRC) platform, to account for a third party’s financial viability within the overall vendor risk profile. These insights enable more thorough due diligence and continuous monitoring processes, to avoid companies that may fail to deliver.
“As businesses increase their reliance on third-party networks, the need for greater visibility into the risk posed by those relationships becomes more critical than ever,” said James Gellert, Chairman & CEO at RapidRatings. “When it comes to vendors and suppliers, their risk is your risk….
