RapidRatings Enters into Agreement with KPMG Regarding Transition of its Third Party Intelligence Clients
RapidRatings, the leading provider of financial health data and analytics, announced that it has entered into an agreement with KPMG LLP pursuant to which KPMG will exit its Third Party Intelligence (3Pi) business, formerly known as Vontik, and work closely with RapidRatings to support the transition of KPMG’s 3Pi global supply clients to RapidRatings’ FHR Exchange.
James Gellert, Chairman and CEO of RapidRatings, said, “KPMG has long recognized the importance of private company financial statements to manage supply chain risk. We share that view, and our team is excited to partner with their clients. This includes innovative manufacturers from around the world, particularly in the automotive industry, where 3Pi has long been a key player.”
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The FHR Exchange is a secure membership platform that allows enterprise clients to proactively monitor the financial health of their entire supply chain, enabling improved collaboration with suppliers to protect their businesses together. Its clients have benefited from reduced exposure to supplier disruption, enhancements to working capital, and improvements to quality and delivery.
“With KPMG deciding to exit its 3Pi business, we’ve entered into an agreement with RapidRatings to ensure that our 3Pi clients can continue their important work,” said Dave Brown, Principal and Global Head of Managed Services at KPMG.
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