Overview:

The RiskTrace Quick Assessment is a streamlined, preliminary economic & financial viability risk assessment (EFS + FVRA) tool designed specifically for suppliers to help them navigate the complexities of G-Cloud 14’s latest compliance update. Suppliers are now required to complete economic & financial viability assessments to bid.

This rapid assessment tool offers a quick, accurate snapshot of your financial health, to help you determine whether you should bid on a government contract and whether it’s necessary to complete a full FVRA. It's the perfect first step in your G-Cloud 14 journey, saving you time and providing clarity on your compliance requirements.

Key Features:

• Rapid Assessment:

  • Delivers quick insights into your financial stability, assessing key metrics against G-Cloud 14 requirements.

• Simplified Process:

  • Offers a user-friendly service, making it easy to input necessary financial information and receive instant feedback.

• Preliminary Compliance Check:

  • Identifies potential areas of concern and assesses your readiness for a full FVRA, guiding your next steps in the compliance process.

• Cost-Effective Solution:

  • Priced at just £30, the Quick Assessment is an affordable option for suppliers seeking a fast evaluation of their financial viability.

• Secure and Confidential:

  • Ensures your financial data is handled with the utmost confidentiality and security, giving you peace of mind.

Benefits:

• Clarity on Compliance Needs:

  • Quickly understand whether you should bid on a government contract and whether a full FVRA will be required, helping you plan your compliance strategy effectively.

• Time and Cost Savings:

  • Avoid the unnecessary expense and time commitment of a full FVRA if preliminary results indicate non-compliance.

• Early Risk Identification:

  • Identify financial health risks early, allowing you to address them proactively before undertaking a full FVRA.

• Ease of Use:

  • Accessible to businesses of all sizes, requiring no specialised knowledge to complete the initial assessment.

• Strategic Planning Tool:

  • Acts as a crucial planning tool in your compliance journey, offering insights to better prepare for G-Cloud 14 submission.

Ideal for:

Suppliers at the early stages of preparing for G-Cloud 14 submission, especially SMEs looking for a quick, cost-effective method to assess their financial viability and compliance needs.

Get Started:

Take the first step towards G-Cloud 14 compliance with RiskTrace Quick FVRA.