Vendorly® conducts financial risk assessments on your vendors to help you mitigate the risk of business disruption and financial loss. We summarize financial statements or use proxy data to develop a risk rating that helps you determine a vendor's current fiscal status.
Identify vendors that do not meet your financial requirements
Obtain summarized insights from financial statements
Be part of a vendor database available to many of your prospective clients
The Federal Deposit Insurance Corporation (FDIC) specifies that, as part of due diligence in selecting a third party, the evaluation of the third party should include audited financial statements, annual reports and the significance of the proposed contract on the third party’s financial condition. Learn more here.