Vendor Verification can ensures you that your current and future vendors comply with the policies of your company. Vendor management policy of your company mandatorily have vendor verification as a part of it.
Vendor Verification will screen vendor and verify that their business information is valid and up to date.
Why we need Vendor Verification?
Vendor Verification is essential to prevent frauds when new vendors added by vendor management team. Imagine a situation when an unqualified vendor got entry in your company using unethical practice with the help of your internal employee.
Using the best mechanism, which includes collecting, auditing and verifying the information about the supplier we can eradicate the malpractices like corruptions and bribery with the organization.
Our goal is to familiarize you with having an approved vendor list, placing you in charge of who you do business with, versus the mentality that luck brought the vendor to you in a time of need.