Risk Scorecard

At ConnXus, we understand the importance of your showcasing financial and credit rapport to potential and current buyers for long-lasting and dependable relationships. Rather than continuing the trend of uninformed and uncertain business decisions, we developed Risk Scorecard, a high-level supplier financial risk assessment.

Risk Scorecard

FEATURE OVERVIEW

USE YOUR TRACK RECORD TO ESTABLISH CREDIBILITY

Risk Scorecard is a high-level supplier ­financial risk assessment that produces a score showing buyers how rank within your industry.

MEET INCREASED DEMAND FOR FINANCIAL STABILITY

Large corporations are increasingly looking to the financial health of their suppliers to minimize risk, and a high portfolio score is sure to catch the eye of these buyers.

IMPROVE THE FINANCIAL METRICS THAT LARGE COMPANIES CARE ABOUT

With the annual risk report that comes with ConnXus Platinum, you can assess your own finances and become the supplier corporations are looking for.

YOUR FINANCIAL TRACK RECORD IS A SHORT CUT TO THE SHORT LIST

ConnXus Platinum suppliers will receive a Risk Scorecard and portfolio score that allows competent suppliers to gain a significant edge over their competition.

The supply chains of global corporations are continuously adapting to changing needs and becoming more complex. As a result, the importance of dependable new suppliers is increasing. With Risk Scorecard, you instantly exhibit the trust and credibility that you can offer to buyers.

Risk Scorecard is a high-level supplier ­financial risk assessment that produces a score showing buyers how rank within your industry. If you are still building your financial track record, you can opt to have your score shown or hidden on your Company Profile and choose which buyers can view your score. If you already have a proven history of financial stability, high scores can make awarding valuable contracts an easy decision.

GROWING DEMAND FOR SUPPLIER FINANCIAL STABILITY

Global supply chain financial risk is at its highest levels since the last financial crisis. As a result, buyers for Fortune 500 companies are more interested than ever to foster durable relationships in these volatile financial times.

At the same time, global supply chains are growing and becoming more complex, creating a complicated task for buyers to continuously identify new suppliers that they can count on in a face-paced evolving environment. So how are businesses adapting to these challenges?  According to a 2014 study by the University of Tennessee’s Global Supply Institute, the most prevalent strategy to mitigate supply chain risk is to select financially strong suppliers.

Large corporations with global supply chains will be increasingly looking to the financial health of their suppliers to minimize the risk of disruption, and a high portfolio score is sure to catch the eye of these buyers.

IMPROVE THE FINANCIAL METRICS THAT LARGE COMPANIES CARE ABOUT

With pressure mounting to construct durable and adaptable supply chains in an uncertain world, buyers will need assurance that their suppliers are financially dependable. Due to the complexity of this task, the Supplier Scorecard is the perfect way to instantly put their mind at ease and put your bid at the top of the stack.

Further, with the annual risk report that comes packaged in the ConnXus Platinum supplier development program, you can assess your own finances and become the supplier corporations are looking for, or further improve your already impressive score. In either case, a the ConnXus Risk Scorecard is a powerful tool to help develop strong buyer-supplier relationships that enable competent businesses to grow and expand together.

The ConnXus Vendor Portal offers a free registration for suppliers, and you can upgrade to THE ConnXus SUPPLIER development PROGRAM at any time

Registration is as simple as signing up for a newsletter. Take the first step now towards meeting your next buyer through ConnXus, and register. You have nothing to lose, and your buyer is looking for you. ConnXus just opened the door.

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