RapidRatings connector for IBM OpenPages Third Party Risk Management

IBM OpenPages® Third Party Risk Management (TPRM) includes a connector for RapidRatings.

You can use the RapidRatings connector to import vendor details and financial ratings from RapidRatings into OpenPages. You can then view the vendors and ratings in OpenPages.

Note: To use the connector, you must meet the following prerequisites:
  • You must have a RapidRatings subscription. Work with RapidRatings to set up access. For more information, contact RapidRatings.
  • You must install the RapidRatings connector. For more information, contact IBM® Support.
When OpenPages imports data from RapidRatings, the import process does the following tasks:
  • Looks for vendors in OpenPages that match the vendors in your RapidRatings subscription.
  • If the vendor exists in OpenPages, the import process creates a RapidRatings object as a child of the Vendor object. The risk ratings are stored in the RapidRatings object. The RapidRatings objects are created under /BusinessEntity/Library/VRM/VRMLibrary/RapidRatings.
  • If a RapidRatings object already exists for the Vendor, the import process updates the fields in the RapidRatings object with the risk ratings from RapidRatings. The RapidRatings object stores the current ratings and the ratings from the previous four quarters.
  • If the vendor does not exist in OpenPages, the import process creates a Vendor object and a child RapidRatings object with the data from RapidRatings.