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Global Risk Management Services is a recognized leader in providing innovative risk mitigation solut
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Posted On :
Oct-15-2011
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Article Word Count :
542
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Global Risk Management Services is a recognized leader in providing innovative risk mitigation solutions that assist companies to reduce exposure to global business risk and liability in over 195 countries.
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In today's high risk business environment your company must be in compliance with federally mandated Anti-Terrorism laws including the Patriot Act, The Money Laundering Act, FCPA, and Executive Order 13224. Establishing a contract without accurately screening a vendor's financial stability, licensing, insurance coverage and criminal records can result in significant financial and public relations ramifications for both you and your client. It is critical that you institute an effective vendor management program to ensure ongoing compliance and to mitigate supply chain risk.
Global Risk Management Solutions' proprietary, customizable Vendor Screening Program provides clients across all industries with a global solution for conducting ongoing vendor due diligence. GRMS provides a single outsourced solution for vendor credentialing and compliance service, including Certificate of Insurance management, globally.
Headquartered in Newport Beach, California and with offices located throughout the world, GRMS serves a global clientele of companies and organizations in many diverse industries ranging from small businesses to Fortune 1000 companies. Our years of demonstrated experience, proprietary programs and global capabilities have provided our clients with risk management solutions for their specific needs and peace of mind of knowing that they are protected while conducting business. GRMS' approach to risk management is unique in that our team of experts apply a client-centric approach that delivers optimal risk management solutions. Our clients come to us with their unique risk mitigation concerns and we create customized screening solutions to safeguard their companies when conducting business anywhere in the world.
Effective vendor and supplier management, across multiple locations and within an ever-changing regulatory environment, is difficult, time consuming and expensive for organizations to conduct internally.
A mistake can be costly since your company is exposed to the risk of substantial fines and damage to your reputation anytime you knowingly, or even unknowingly, conduct business with vendors that may be listed on any one of these watch lists. In addition, a lapse in your vendors' insurance coverage can create an enormous risk for your company and your clients.
Global Risk Management Services' knowledgeable experts can ensure that your company has the tools to help you comply with regulatory laws and manage your Certificates of Insurance and other documentation��"at no cost to your company.
Some of the Top Benefits of the Vendor Screening Program include:
*No cost to your company - your external vendors pay the cost of screening services.
* Easy Implementation - your vendor screening program can be implemented in just a few hours.
*Efficient Process - final results delivered within 1 to 3 business days on average.
* Vendor information is graded based on your customizable screening criteria.
*Screening criteria can be customized on a 'per client' or 'building' basis.
*Ongoing insurance certificate management and W-9 tax form verification.
* Assist with the compliance of over 550 international watch lists including the federally mandated U.S. Patriot Act and Anti-Terrorism regulations.
* Domestic and international screening services.
* Comprehensive Business entity and owner screening.
Discover GRMS' vendor due diligence and compliance management solutions for your company.
For more information, please visit our website at GlobalRMS.com.
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Article Source :
http://www.articleseen.com/Article_Global Risk Management Services is a recognized leader in providing innovative risk mitigation solut_92367.aspx
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Author Resource :
Global Risk Management Services is a recognized leader in providing innovative risk mitigation solutions that assist companies to reduce exposure to global business risk and liability in over 195 countries.
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Keywords :
vendor screening, business screening, vendor management, supplier management,
Category :
Business
:
Business
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