As the economy enters a new phase of uncertainty in the Brexit era, it’s more essential than ever to keep you guard up when outsourcing work to contractors and sub contractors.
If you plan to freshen up your supply chain in the New Year, make sure you carry out thorough financial checks before making a commitment to any new supplier.
Using a financial risk management service simplifies the health check process. The Company Watch H-Score® measure, which forms part of Altius‘ supplier assessment process, is a very good indicator of a company’s overall financial health, and any partner with a score of 25 or lower is potentially at risk.
Company Watch has developed specialised mathematical models that differentiate financial winners from losers and has succeeded in predicting the vast majority of company failures in advance over the past 15 years.
The system is integrated into the Altius In-Touch portal, used by clients to manage and select suppliers. This enables clients to gain excellent insights into the financial status of current and potential contractors and sub contractors.
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