Abstract: A central information processing system and method evaluate financial health of a supplier of at least one of goods and services for a business entity, by determining that a supplier spend rate exceeds a predetermined level, determining a risk factor for the supplier based upon a financial health report and requesting at least one financial measurement of the supplier at a given period, wherein the period is based upon the risk factor. The risk factor is one of low, medium, and high risk. If the risk factor is low, the method requests the financial measurement on an annual basis. If the risk factor is medium or high, the method requests the financial measurement on a quarterly basis, determines if the supplier financial health has a high impact on the business entity, and initiates a mitigation plan to reduce a current quantity of purchase by the business entity from the supplier.

Abstract: A method on a central information processing system evaluates financial health of suppliers of a business entity by checking a central repository to determine whether a current financial health report exists for a supplier and if not, determines whether criteria have been satisfied to require the supplier to purchase the financial health report without financial assistance from the business entity. Upon satisfaction of criteria, the method receives a first request from the supplier for information concerning requirements for becoming a supplier, sends the requested information to the supplier, upon the supplier approving the information, transfers a second request from the supplier to a financial health reporting service to have a supplier financial health report sent to the business entity at the supplier's expense, sends contact information of the business entity to the reporting service for automatic affiliation with the supplier request, and receives the report directly from the reporting service.