In today’s high-risk business environment, if you’re looking to hire a company that provides goods and services, you need to first verify its performance, criminal record and financial standing.
Plano, TX (PRWEB) September 22, 2010
Compliance Depot, LLC, the nation’s largest vendor compliance management company signs on WinnResidential, a Boston, Massachusetts real estate conglomerate.
Winn Companies, who employ over 2,300 people, develops, acquires and manages multi-family and mixed income properties throughout the United States. Since 1971, WinnDevelopment has developed real estate holdings valued in excess of $1.5 billion. WinnCommercial is involved in the development and management of office, retail, parking, hotel, marina and mixed-use properties throughout New England, and Winn Residential's multi-family management portfolio includes over 70,000 residences across the country.
“In today’s high-risk business environment, if you’re looking to hire a company that provides goods and services, you need to first verify its performance, criminal record and financial standing,” says Lonnie Derden, President and CEO of Compliance Depot. “Checking a vendor’s credentials, as well as those of its principals, through our vendor screening programs is an essential business practice before allowing a vendor access to an organization’s business assets, facilities, and workforce.”
Compliance Depot services include Bankruptcy, Liens, Collections, and Judgments Search; Vendor Principal and Associate Qualification; Due Diligence Vendor Check; Government Watch List Search and Background & Sex Offender Search. They also educate their clients and businesses on understanding vendor compliance laws such as required by the Government Watch List searches under the Patriot Act, The Money Laundering Control Act, and Executive Order 13224. Every client receives a customized certificate management database, with all work performed fully documented and available 24/7 via a secured website.
It’s no doubt that WinnResidential clearly understands the risk of doing business with unverified vendors, hence the move to partner with the nation’s leading vendor compliance management company. Clients like WinnResidential as well as any industry utilizing vendors, contractors, temporary services or other partners can rely on Compliance Depot’s state-of-the-art risk management tool.
“We significantly reduce the administrative burden on our client’s in-house costs for handling set up, collection or verification of vendor documents. Clients maintain complete control over the vendors they do business with,” says Derden. “And that’s our prime directive, to give our clients like WinnResidential everything they need to know about their potential vendors and partners so they can engage people they can trust – after all, relationships are key to making business happen.”
About Compliance Depot
For over 5 years, Compliance Depot has been the innovator of compliance technology. We help businesses to reduce exposure to litigation, the potential for fraud and abuse, as well as reputational damage caused by supplier relationships. We help businesses to understand and interpret vendor compliance laws, as well as educate businesses and non-profit agencies about their legal requirements to address internal operations to ensure compliance with these Orders. Compliance Depot also offers our clients no-cost access to our Minority Business Enterprise Database of over 200,000 vendors, the largest known minority database of qualified vendors.
At Compliance Depot we take the risk out of doing business.
Find out more about Compliance Depot at http://www.compliancedepot.com or call them toll-free at (888)493-6938.