They realize that Compliance Depot, the nation’s largest vendor compliance management company, is a critical partner in helping to keep their workforce, their tenants, and their reputation safe.
Plano, TX (PRWEB) October 22, 2010
Bell Partners Inc., a top 10 U.S. multi-family property management firm with a portfolio in excess of $5 billion and over 6,500 vendors, signs on with Compliance Depot, a key leader in the vendor compliance industry. Outsourcing vendor screening services is not something an organization of this scale does without careful thought and consideration. They realize that Compliance Depot, the nation’s largest vendor compliance management company, is a critical partner in helping to keep their workforce, their tenants, and their reputation safe.
“In today’s high-risk business environment, you can’t be too careful when doing business,” says Lonnie Derden, President and CEO of Compliance Depot. “What we do for our clients is put their minds at ease. We thoroughly check their vendors and business partners, carefully following rigorous compliance laws, using our state-of-the art risk management tool, which was developed with input from multi-family executives.”
Bell Partners Inc., based in Greensboro, N.C., manages 59,000 apartments in 205 communities, 28 senior living communities, and 3.8 million square feet of retail/commercial space. With a company as large as Bell Partners Inc., vendor compliance management needs to happen at all levels to ensure the safety of everyone. Since 2000, the company has completed over $5.7 billion of acquisitions and dispositions on behalf of its high-net-worth and institutional investors. And over the last two years, Bell Partners distributed in excess of $600 million to its ownership partners. “Bell Partners Inc. recognizes not only that they need to outsource the complex task of vendor screening but also that they need to protect their assets at all levels,” says Derden. “They clearly recognize the client benefits of our compliance services.
When it comes to vendor compliance, there are several integral services Compliance Depot offers, including Bankruptcy, Liens, Collections, and Judgments Searches; Vendor Principal and Associate Qualification; Due Diligence Vendor Checks; Government Watch List Search (Patriot Act, The Money Laundering Control Act), and Background and Sex Offender Searches. They also educate their clients and vendors on compliance laws. “Education also goes a long way to ensuring vendor compliance,” adds Derden.
“We strive to deliver the most comprehensive, technologically advanced vendor screening services available.” he says. “We want our clients to know who they’re doing business with, and with us, they can, 24 hours a day, seven days a week.”
Learn more about Compliance Depot at http://www.compliancedepot.com or call them toll-free at (888)493-6938.
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.