Client dictates their own Unique Screening Criteria.
Client sets USC, or Unique Screening Criteria. Assurance screens based on your organization’s risk-management guidelines and parameters. Assurance provides the outcomes of the screened criteria back to our clients on which subcontractors and suppliers pass or fail that criteria, all of which can be viewed online.
Assist with organizations Fraud Prevention Program.
Assurance decreases company related subcontractor and supplier fraud and increases corporate control. The Association of Certified Fraud Examiners March 2009 survey of CFE’s stated that they expected vendor fraud to increase 41.4% in 2009 – ACFE’s study of the Impact of an Economic Recession
Decrease interruption of business activities due to inability to “complete the job”.
Assurance helps determine the financial stability of your subcontractors and suppliers by screening public records for bankruptcy filings, tax liens, and judgments. This is done annually, or more often, if required by our clients.
Significantly lowers our client’s subcontractor and supplier internal auditing costs.
Because the Assurance process is designed to be no cost to our clients, you can significantly decrease the costs incurred to manage and screen all of your business partners, subcontractors and suppliers. Assurance handles this process for you and gives you access to all the information we collect including insurance documents, copies of W-9 forms, and others.
Significantly reduce exposure to changes in insurance coverage amounts and fraudulent liability insurance documents.
Through our agency producer verification, you get notified immediately though our system of fraudulent documents, expirations or cancellations.
Organization keeps in compliance with mandatory Anti-Terrorism and Patriot Act regulations.
Assurance screens your business partners, subcontractors and suppliers against OFAC (Office of Foreign Assets Control) and FBI Most Wanted lists and fugitive databases.
Immediate knowledge of where your business partners stand.
Assurance Screening is completely web-based, providing our clients with secure 24/7 access to reports.
Creates a win for your subcontractors and suppliers.
Assurance is also a “self-check” device so your subcontractors and suppliers know what information on their business may be fraudulent or incorrect.
No software to install for our clients.
Our screening solutions are web-based. All of our data is scanned, sorted, and secured online.
