Risk Rating Criteria – U.S.
Bankruptcy Monitoring
A 5-year search for any previous bankruptcy filings based on the supplier’s company name. The supplier company name is continuously monitored by GRMS for any future filings and will alert clients with any filings found.
| No bankruptcy record found | COMPLIANT |
| Company has declared bankruptcy during the past 60 months | NON-COMPLIANT |
| Company files for bankruptcy in the future | NON-COMPLIANT |
Insurance Coverage Monitoring
Verification of the A.M. Best® rating of insurance carriers, insurance limits, insurance policies and additional insured language against your company’s business criteria. In addition, GRMS continuously monitors changes in coverage and will notify you and the supplier of any changes, cancellations or expirations of the supplier’s coverage. GRMS will also proactively manage insurance expiration dates to ensure suppliers renew their coverage prior to the policy expiration date.
| Insurance ratings based on client’s specific requirements |
Cyber Security Rating
GRMS and SecurityScorecard™ have collaborated to provide a powerful cyber-security rating service. SecurityScorecard non-intrusively collects data from publicly available commercial and open-source feeds across the internet for an outside-in, hacker perspective of a company’s cybersecurity posture. This data is then analyzed by SecurityScorecard data science experts who calculate scores across 10 key risk indicator categories as well as an overall security rating using an easy-to-understand A-F grading scale.
| Security Rating (A or B) | COMPLIANT |
| Security Rating (C, D, or F) | ALERT – NEEDS CLIENT REVIEW |
| Supplier uses public domain like Gmail, Hotmail, etc. or cannot be found | EXEMPT |
Diversity Status Verification
When a supplier indicates they are a diverse supplier, GRMS verifies that the supplier is properly certified for one or more diversity classifications such as: SBA-8(a), WBE, MBE, SBE, VOB, HUBZone, etc.
| Company claims certification(s) which cannot be verified | FAIL-NO DOC |
| Company certification(s) have expired | FAIL-EXPIRED |
Experian Financial Stability Risk Score Plus℠
Experian Financial Stability Risk (FSR) Score provides critical insight on the potential of a business going bankrupt or defaulting on its obligations. It provides a quick assessment of risk with an easy-to-understand 1 to 100 percentile score and a 1 to 5 risk class that segment businesses into risk categories. GRMS’ system continuously monitors this score and updates client weekly with any material positive or negative changes. FSR Product Sheet
| Financial Stability Risk Score 11 – 100 | COMPLIANT |
| Financial Stability Risk Score 4 – 10 | ALERT – NEEDS CLIENT REVIEW |
| Financial Stability Risk Score 1 – 3 | NON-COMPLIANT |
Global Watch List and Adverse Media Monitoring
GRMS and LexisNexis® have partnered to provide GRMS’ clients continuously monitored real-time monitoring of the legal company name of the supplier against the most inclusive, government published Watch Lists available to determine if a supplier has been listed as barred or received any type of censor by financial, criminal and/or regulatory authorities globally.
GRMS and LexisNexis® have also partnered to provide GRMS’ clients access to an extensive proprietary database of entities linked to illicit activities from over 35,000 news sources worldwide. GRMS’ adverse media profiles have been constructed by researchers based on media stories by reputable media sources in dozens of languages around the world and are continuously monitored.
| No records found | COMPLIANT |
| Company Name appears on any sanction list or enforcement action | ALERT – NEEDS CLIENT REVIEW |
| Company Name appears in any negative media | ALERT – NEEDS CLIENT REVIEW |
| Company Name is listed as having government ownership | ALERT – NEEDS CLIENT REVIEW |
Judgments Monitoring
A 5-year search for any previous judgement filings based on the supplier’s company name. The supplier company name is continuously monitored by GRMS for any future filings and will alert clients with any filings found.
| No records found | COMPLIANT |
| Supplier has judgments totaling $50,000 or more in the past 60 months | ALERT – NEEDS CLIENT REVIEW |
| Supplier has any judgment filed against them in the past 36 months | ALERT – NEEDS CLIENT REVIEW |
Liens Monitoring
A 5-year historical search provided by Experian for any U.S. liens records associated with the legal company name of the Supplier. These records are continuously monitored by Veritas and will alert clients with any changes found.
| No records found | COMPLIANT |
| Supplier has active liens totaling $50,000 or more in the past 60 months | ALERT – NEEDS CLIENT REVIEW |
| Supplier has any lien filed against them in the past 36 months | ALERT – NEEDS CLIENT REVIEW |
W-9 Tax Form Collection & Verification
GRMS collects and verifies the most current W-9 tax form from each supplier ensuring that it has been completed properly. Image of the tax form is securely stored online and is accessible 24/7.
| Tax Form not most recent version (Rev March 2024) | NON-COMPLIANT |
| The company name listed on Line 1 doesn’t match the company name used for the enrollment | NON-COMPLIANT |
| The Tax Classification on Line 3 doesn’t match what was selected during enrollment | NON-COMPLIANT |
| The address on Line 5, 6 and 7 doesn’t match the address used for the enrollment | ALERT – NEEDS CLIENT REVIEW |
| The Employer Identification Number (EIN) in Part I doesn’t match the EIN used for enrollment. | NON-COMPLIANT |
| The form isn’t signed in Part II | NON-COMPLIANT |
