RDC’s VendorProtect™ product is an automated due diligence solution that provides background information about your business partners and key principals to identify areas of concern and serves as a “smoke detector” for future potential issues.
RDC VendorProtect™ delivers
- Identity verification of the primary business entity
- A comprehensive global search of negative media, watch lists, regulatory lists, and PEP lists, for any concerns about the entity and its principals
- A cost effective solution allowing you to focus your enhanced due diligence resources on high-risk entities
- Daily monitoring of your entire vendor portfolio provides early warnings of potential new risks
- The industry’s most experienced analysts to reduce false positives and deliver results prioritized according to your risk guidelines while assuring quick delivery of material risk relevant information
- Compliance with appropriate global anti-bribery regulations
Benefits of vendor screening
- Provides a comprehensive risk assessment taking account of vendor type, geo-political factors and industry/product as well as any special risk concerns
- A firm-wide approach encompassing the full range of risks and concerns associated with vendor risk, including internal fraud and corruption
- Obtain and maintain support from the business, operations, legal, compliance and global security departments
- A comprehensive Know Your Vendor due diligence vetting and monitoring program is the critical element in protecting your firm’s reputation
- A vendor data management system keeps your vendor due diligence and identity information accurate and up-to-date
- Supports periodic independent and regulatory audits of your firm
