RiskTrace automates time consuming Economic & Financial Standing assessments for procurement teams and their suppliers. The EFS compliant platform reduces risk protecting supply chains and funds.
EFSA & FVRA assessments
Tender application & management
Ongoing monitoring & reporting
Automating Economic & Financial Standing assessments
Regulatory Update
Automating EFS checks for procurement teams & suppliers.
Effective 19th February, G Cloud 14 requires every supplier to undertake an Economic and Financial Standing Assessment (EFSA). Suppliers not meeting the EFSA criteria will then need to complete a Financial Viability Risk Assessment (FVRA).
RiskTrace specialises in automating both the Economic and Financial Standing Assessment (EFSA) and the Financial Viability Risk Assessment (FVRA), making your compliance process straightforward and efficient.
Why use RiskTrace
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Automated Invitations
Procurement teams and suppliers have one place to manage all communication around tenders & contracts.
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Data Automation
RiskTrace instantly captures & stores suppliers financial statements and compares them with procurement contract ratios to determine suitability up-front.
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Automated Risk Assessment
RiskTrace automatically completes an FVRA for all bidders in a contract, saving suppliers countless hours and ensuring compliance for procurement teams.
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Project Management
RiskTrace provides one place for procurement teams and suppliers to manage the risk assessments for all of their projects & monitor their performance over time.
Economic & Financial Stability Assessments (EFSA)
Automated
Communication Management
Managing tenders is hard
Stop digging through email threads - we’ve made it easy for procurement teams & suppliers to keep track of all communication in one place.
Data Automation
Manually entering data is inefficient
Now you can get instant access to the latest corporate figures, so you can automate tender applications & ongoing financial health monitoring.
Automated Assessment
Manually calculating EFSAs is complex
It doesn’t have to be - RiskTrace automates fast and accurate EFSAs & FVRAs for every single contract, bidder and supplier in a single platform.
EFSA Automation
Stop
filling out spreadsheets
Start
automating
EFSAs today
Join us to create the future of automated risk management, together.
RiskTrace is launching a full suite of solutions to help government procurement teams & suppliers succeed.
We want to build in partnership with government organisations and suppliers to create a better future.
Let’s get started
RiskTrace is where procurement managers & suppliers manage risk assessments, bids & contracts.
Simple and easy-to-use, RiskTrace’s software helps ensure transparency and risk management around government contracts.