Vendor Financial Health
Gain insight into your vendor’s overall financial viability.
Financial viability is critically important as it is the foundational core that drives all other deliverables from your vendor. Venminder’s Financial Health Assessment is designed to help you determine just how viable your vendor is and to understand their ability to continue to deliver the product and services for which you have contracted (or plan to contract for).
Our team of commercial credit analysts, ﬁnancial risk analysts and CPAs will deep dive through the details in order to provide you with an easy-to-understand and comprehensive assessment.
Determine if your vendor is
ﬁnancially sound, or vulnerable
Receive a qualiﬁed risk rating of your vendor’s overall ﬁnancial health so you can make empowered decisions that safeguard your organization. Know if your vendor poses a risk level of Conﬁdent, Satisfactory, Cautious or Vulnerable.
Predict future outlook of potential risky behavior
Informed decisions can save you in the long term. A vendor’s declining income can mean cost cuts (like cutting staﬀ). Less staﬀ means poorer service levels and, ultimately, less information security support which can accelerate system vulnerabilities.
Speed up processes and save your internal resources time
Venminder has qualiﬁed ﬁnancial risk analysts and CPAs to assess the ﬁnancial viability of vendors which can save your internal resources time during the due diligence processes and allow them to focus on the important strategic initiatives and decisions.
- Overall vendor financial health risk rating
- Year-over-year health rating trend (if available)
- Condensed easy-to-digest assessment including:
- Balance Sheet
- Data Income Statement
- Cash Flow Statement
- Analyst comments on any findings including a review of disclosures on COVID-19, mergers or acquisitions
- Recommendations for frequency and intensity of further financial monitoring
- Access to financial risk analyst for questions
- Prepared and signed by experienced CPAs
Why It's Important
Financial viability is critically important as it is the foundational core that drives all other deliverables from your vendor. For example, declining income can mean cost costs, then cutting stuff which impacts customer service levels, all of which may may mean declining information security support which will accelerate system vulnerabilities that put your customers and your reputation at risk.