Q: Why should I credential my vendors and/or potential business partners?
A: More than ever before, business leaders need to know who their business “partners” are. Developing a relationship with an unscrupulous ethically challenged or criminally motivated product provider, contractor or vendor could have serious ramifications to a company’s public image and financial stability. To meet these challenges, ComplianceDepot can provide a comprehensive vendor screening program to assist clients in all industries.
Q: As a vendor why should I agree to be credentialed?
A:
• ComplianceDepot will provide management of insurance certificates, reducing
vendor operating costs and exposure to liability.
• Alert of any criminal activity of previously screened employees.
• Achieve “approved vendor” status at major companies that you may or may not currently do business with.
• ComplianceDepot provides critical information in managing your
credit history (if service is requested by client) as well as any inaccurate or false public information.
Q: What are the costs associated with ComplianceDepot’s Services?
A: The costs associated with the credentialing process are determined by the services requested by the ComplianceDepot client.
Q: What is Due Diligence?
A: Due diligence is a vital intelligence discipline and has become an indispensable tool that enables corporate decision-makers and their legal advisors to gain and maintain a competitive edge. Investigative due diligence explores issues and pursues lines of inquiry well beyond the information found in ledger books and contract clauses. Legal, financial, and business decision-makers responsible for strategic transactions and business relationships increasingly rely on investigative due diligence in their evaluation of pending business investments, acquisitions, joint ventures, board appointments, customer relationships, and executive hires.
Q: What is your average turn around time?
A:
• Corporate Bankruptcies – Same day
• General Liability Insurance Coverage – up to 5 days
• Workmen’s Compensation claims – up to 5 days
• Tax Liens – Same day
• Judgments – Same day
• Tax Identification Number Verification – Same day
• Business Credit Profile – Same day
• Federal and State Business Entity Verification – Same day
• Social Security Number Verification of Principals – Same day
• Professional License Verification – Same day
• Operating License Verification – Same day
• National Criminal & Sex Offender Search – Same day
• Government Watch List Verification – Same day
• FBI search for Most Wanted and Fugitives – Same day
