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Vendor compliance is a procedure that ensures your current and future vendors comply with policies related to your company. Vendor compliance should be a part of your company vendor management policy. All businesses should be required to provide documentation to demonstrate they are a legal and legitimate business.
Win-Share Business Services will perform your vendors screening and verify that their business information is valid, up to date and your vendor compliance policy and procedures are followed. Once we approve the vendor as a bona fide business, all the documentation is approved, and the vendor is in compliance with your policies, they are placed on your list of approved vendors.
Vendor Screening, Compliance and Monitoring Services…..”More than just a background check”
- Verify Business Status, Identity & Business Verification
- Annual W-9 Management
- Insurance Tracking & Monitoring (Liability, Worker's Comp, Auto, E&O)
- Professional Business, Trade License and Bond Verification
- Criminal Background and Sex Offender Reports
- Corporate Bankruptcies, Tax Liens and Judgments Search
- On-Going Monthly Criminal Monitoring
Win-Share Business Services offers this unique service to assist the business in cutting their operating costs by outsourcing vendor screening, compliance & monitoring. Having vendors pay a small annual fee of as little at $50, we combine a custom screening program, specifically designed for each industry with a proprietary system to monitor each vendor on an ongoing basis.
- The Business Benefits of this service include:
- AVOID LAWSUITS! Minimize risk and liability to your customers, employees and business
- FREE! Vendor pays minimal annual fee. No hidden fees or required minimum.
- SAVE TIME & MONEY; Eliminate internal vendor screening, compliance and monitoring expenses
- Maintain non-discriminatory Vendor Compliance Policy for all vendors
- Access online database 24/7/365 for “Real Time” vendors status
Most companies are no longer going with the lowest bid, they are aware of the liability that is associated with a vendor that is not properly credentialed. Having all your vendors verified through our extensive vendor compliance service is a part of providing quality service. Most companies are aware that their liability increases when a vendor is not in compliance with current company policies. It is the job and responsibility of Win-Share Business Services to ensure that your vendors are and remain in compliance with the policies of your company.
The primary benefit to the corporate office, business and property management company who uses our vendor screening and vendor compliance service is a reduction of liability.
Win-Share Business Services will:
- Screen your vendors
- Verify your vendors are legitimate
- Monitor your vendors on-going compliance
- Manage your vendors
A free vendor monitoring account monitoring.php> is provided to each client with 24/7 access to track the compliance status of your vendors. As a business owner or property manager you now have an additional marketing strategy to show prospective clients that you use our vendor screening and compliance service.
The vendor who is in compliance through our vendor screening & verification service becomes a verified vendor in compliance. They are no longer in competition with companies who are not in compliance.
Vendors use our service to show other potential clients of their status as a Verified Vendor which distinguishes them from other vendors. This benefit alone may convert to a potentially higher profit.
The consumer knows that anyone they use as a vendor or who enters their home is fully screened and verified. All renters, tenants and consumers should require the business they work with or lease from has a vendor screening and vendor compliance program in place.
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