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4 Tips for Analyzing Vendor Financial Health During the Pandemic
When it comes to your vendors and your vendors’ financial health, there’s one thing you must keep in mind: financial performance is not an event of default. What do we mean by that? In a post-pandemic world, poor financial performance on the part of your vendors is not a “get-out-of-jail-free card” — for either party, and it’s certainly not an accurate predictor when it comes to financial health. Organizations need to perform an analysis in order to properly forecast what steps to take next. That means a focus on financial health, rather than performance.