When you’re starting a new business relationship with a vendor, you want to learn everything you can about the company’s operations, key personnel, and track record. Whether it’s a new supplier, an IT contractor, or a traveling nurse agency, you need to know that the relationship won’t put your company at risk of compliance violations and other risks. Hedge BD can give you the right guidance to save from every risk.
Vendor background checks are divided into 2 categories:
- Company background checks and
- Vendor background verification for employees
Each type of vendor screening has its own set of screening services although you can tailor to your specific requirements. Each also addresses some of the most pressing concerns you might have about your new vendor. Surely this is the vendor, for example, a legal business entity? After that any criminal history or pending litigation against the vendor or its principals? Since this is the vendor prohibited from performing certain types of work? Are the employees of the vendor properly licensed to work for the company?