Do you need to assess a supplier before award, review risk across your supplier base or know when a supplier’s circumstances change? Each Experian option supports a different part of the buyer journey.
TenderLink buyers can choose from detailed financial assessments, portfolio reviews and ongoing monitoring. These services add financial evidence to the checks you already complete. They cannot predict future performance or replace your wider procurement, legal and operational due diligence.
Supplier financial risk should be considered throughout the procurement and contract lifecycle, from tender planning through to contract renewal. These six questions can help you decide whether you need a detailed review of one supplier, a review of your supplier portfolio or ongoing monitoring.
How will we assess supplier financial viability during evaluation?
Set the financial evidence, review criteria and approval points before the tender opens. This gives evaluators a consistent way to review shortlisted suppliers.
Related reports: Financial Viability Assessments
Does the supplier appear to have the financial capacity to meet the contract?
Review the supplier’s financial position against the contract value, term and delivery obligations before moving them forward.
Related reports: Financial Viability Assessments
Have we completed the right financial due diligence?
Record the financial risks, any gaps in the evidence and any controls needed before making the final award decision.
Related reports: Financial Viability Assessments and Portfolio Insight
Have any supplier circumstances changed since award?
Track changes in company status, structure and adverse events so you know when a supplier may need a closer review.
Related report: Entity Monitoring
Which suppliers need closer review?
Review risk across your supplier portfolio to see where exposure is concentrated and where further checks may be needed.
Related reports: Portfolio Insight and Portfolio Health Checks
Has supplier financial risk changed since award or the last review?
Compare the supplier’s current position with the last assessment before you extend or renew the contract.
Related reports: Portfolio Insight and Entity Monitoring
Best for: A detailed review of one supplier
Buyer stages: Preparing a tender, evaluating submissions and awarding a contract
Use a Financial Viability Assessment when you need to understand whether a supplier appears to have the financial capacity to meet a contract.
Qualified chartered accountants review the latest three years of financial statements and credit data. The risk rating also takes the contract value and term into account. The report includes expert commentary and a professional opinion to help your team record its decision and consider any controls before award.
Best for: A point-in-time review of your supplier base
Buyer stage: Annual supplier review
A Portfolio Health Check reviews financial risk across your supplier portfolio. It combines your portfolio data with Experian risk information and presents the results in reports and heatmaps.
Use it to see where risk is concentrated and choose which suppliers need further assessment or monitoring.
Best for: Knowing when a supplier’s circumstances change
Buyer stages: Managing suppliers and contract renewal
Entity Monitoring helps you keep track of selected company events after contract award. Alerts can cover changes to company status or structure, defaults and court actions.
Use these alerts to decide when to ask for updated information, complete a new assessment or speak with the supplier.
Best for: Following risk across a portfolio over time
Buyer stages: Awarding a contract, annual supplier review and contract renewal
Portfolio Insight helps you compare and monitor a portfolio rather than assess one business in depth. It brings together portfolio data, failure and late payment risk scores, grouping and alerts for adverse events.
For TenderLink buyers, this can help identify suppliers that may need closer review at contract award, during an annual review or before renewal.
Tell us where you are in the buyer journey, how many suppliers you need to review and what decision you need to make. We can help you choose the right report, monitoring service or combination.
