Atamis users get improved insights into supplier financial data

Posted on 6th March 2020

Atamis’s latest software release allows users to access current and historic supplier financial performance data through the Atamis platform.

Users will gain unprecedented insights into the financial stability of potential and current suppliers. The insights will allow them to evaluate the financial health of a company, highlight vulnerabilities and make informed decisions on whether to do business with them.

Features

Meets requirements for Government specified metrics: the system uses a traffic light system to classify contracts against the nine metrics specified by the Government to check financial stability. Users can designate contracts as critical or non-critical.

Supports informed decision making for public sector procurement: Once a user is ready to award a contract, the system automatically generates the Government’s standard financial ratios. The ratios are used to assess the economic and financial standing of suppliers and companies bidding for contracts.

Gives critical insight into bidders’ financial history: the collapse of Carillion in 2018 highlighted the importance of carrying out detailed financial due diligence during the procurement process. The feature provides information on annual returns, so users get a full historical and current picture of a company’s financial stability. 

Creates objectivity: the new feature ensures the procurement process is transparent, objective and non-discriminatory.

Atamis has combined the abilities of two of the industry’s best business intelligence providers to provide its users with unparalleled insights into company performance. Dun & Bradstreet is providing supplier financial performance data while a DueDil API carries out automated company checks, eliminating the need for manual research.    

Atamis clients who use the Supplier Relationship Management module and are Dun & Bradstreet licence holders will be able to use the feature.

If you’re interested in finding out more about the benefits of Atamis’s supplier financial performance insights or are looking for an intelligent solution for your procurement needs, contact us now.  

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