Automating Financial Viability Risk Assessments (FVRA)
The RiskTrace FVRA Tool automates time-consuming Economic & Financial Standing assessments for Government Departments, Suppliers and Enterprise Corporations.
The EFS-compliant platform specifically designed for Public Sector Procurement reduces risk protecting supply chains and funds.
Automating EFS checks for procurement teams & suppliers
Reduce the huge costs completing mandatory financial stability assessments, such as the FVRA template tool, to bring confidence into the procurement process.
Why use RiskTrace
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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.
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.
Join us to create the future of automated risk management, together.
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.