What Is The ConnXus Procure Scorecard™
When choosing business partners for your supply chain, it’s important to have a complete, accurate view of the companies you’re considering. Until now, buyers have relied on information that came from secondary sources, instead of data directly from the suppliers involved. Though this information can help create a comprehensive picture of a supplier’s financial status and stability, these profiles are limited by the amount and age of publicly available information.
At ConnXus, we are always striving to find new ways to build sustainable buyer-supplier relationships, which is why we have created the Procure Scorecard™, the most accurate financial risk assessment solution available to buyers today. With this tool, suppliers can provide their own business data to create a complete, up-to-date profile on ConnXus MySupplierNetwork platform and give buyers the information they need to make confident supplier decisions.
Why You Need The Procure Scorecard™
Like our Risk Scorecard, the Procure Scorecard offers buyers the opportunity to use supplier business information to their greatest advantage. With this product, however, all information is gathered directly from the supplier, not a third-party source. With this major difference, our Procure Scorecards offer the most up-to-date financial analysis of each supplier within the assessment.
For buyers, this means having the utmost confidence in every decision you make about the suppliers in your supply chain. Financial information is updated as soon as it changes, giving you the best information for your business needs. View real-time financial information, compare each company’s industry rankings, and accurately evaluate the risks of doing business with each supplier you consider. This information is available through your company profile and MySupplierNetwork dashboard, allowing easy, all-in-one-place access for supplier searches. Use the Procure Scorecard to get the greatest peace of mind about your current and future supplier relationships.
With this comprehensive financial risk assessment tool, suppliers provide their financial information, with ConnXus validation. With the Procure Scorecard, ConnXus validates the financial information provided directly from each supplier, bringing you peace of mind during important supply chain decision-making processes.
Interested in learning more about this product? A demo of the Procure Scorecard will be available in 2018.