Vendor Compliance Management Services
Why is there a need for Vendor Credentialing?
In today’s high-risk business environment, small mistakes have big consequences. Hiring a company to provide goods and services without first verifying its performance, criminal record and financial standing can result in fraud, unsatisfactory work and lost time and money.Checking a vendor’s credentials, as well as those of its principals, is an essential business practice before providing a vendor access to your business assets, facilities, and workforce. With Compliance Depot’s comprehensive process, clients can learn whether vendors, or potential business partners, have criminal records, financial troubles or be forewarned of business relationships that could create costly conflicts.
Compliance Depot has developed a state of the art product as a risk management tool for any industry utilizing vendors, contractors, temporary services or other partners as part of their processes.
What You Get
- Control
You tell us what information is critical and the types of background searches you prefer. - Accountability
Vendors are encouraged to abide by your business practices and ethical standards in order to do business with you or obtain your business. - Intelligence
You learn the truth about vendors’ and potential business partners’ capabilities, their financial health and reputation. - Efficiency
Vendors submit information online directly to Compliance Depot, and you can review Compliance Depot’s intelligence over a secure Web site. - Security
Compliance Depot’s technology team manages the secure web site where information is gathered and stored online. - Savings
The administrative costs of determining vendors and business partners compliance is no longer a burden for you.
Let us help you with your vendor compliance management needs! Call 888.493.6938 to speak with a sales associate today.
