Imagine this situation, you have been staffed with the responsibility of performing due diligence for your organization. Where do you start? What types of research will you need to perform? What type of public record verifications will you need to conduct to protect your brand’s value?
Business information can take many forms. An organization’s ability to access information can be a critical component to having an ability to mitigate fraudulent patterns. Knowing the individuals and organizations you are doing business with is essential.
The Need for Due Diligence:
Consider the risk of potential exposure during the most simple of business transactions. To help mitigate exposure companies must rely on a series of public record sources. Today’s business world occurs in a fast pace environment. There is a strong need to have a complete due diligence solution that is flexible enough to keep pace with the fast demand for information. Below is an example of on demand due diligence services for domestic and international searches:
– UCC Filings
– Watch List Searches
– Media Publication Searches
– Bankruptcy Records
– Tax Liens
Comprehensive business information research involves a variety of channels. Information can be acquired through several types of searches and verification methods. Consider the need for credentials verification. Verification can occur against a variety of individual and organizational credentials including:
– Professional Licenses
– Corporate Status
– Diversity Status
– Business Locations
Another type of verification is identity verification. Companies focused on performing identity verification will want to be conscious of the following types of verifications:
– Social Security Verification
– DOB Verification
– Address Verification
– Business Tax ID
– Business Affiliations
– Watch List Review
Creating a Complete Due Diligence Solution:
Due Diligence is about having access to the right information when you need it. If you need to find public records, or perform an id authentication then you’ll need to turn to a variety of public record sources. In the fast paced environment of today’s business world having access to single platform can significantly decrease the time needed conducting due diligence. Here’s how a complete due diligence solution works.
– Critical documents are retrieved by document retrieval specialists from courthouses (federal, state and county) and Secretary of State Searches relative to bankruptcies, lawsuits, liens, judgments and more.
– The above searches are combined with supplemental information such as corporate entity verification, watch list searches, media publication searches and UCC filing searches.
Information to Make Well Informed Decisions:
When information is able to be gathered under a single platform the ability to make well informed decisions becomes easier. Spending the time to individually perform the searches discussed in this text can be time consuming and expensive to implement. By looking to outsource the research process and integrate the results under a single platform you are performing the needed due diligence with increased speed and efficiency. More important by reaching out to a team of nationally trained document retrieval specialists you are allowing your organization to leverage the skill set and effectiveness of a dedicated staff that can provide you with the on demand public record searches that are essential to your organizations need to verify information about the individuals and organizations you are conducting business with.