Authbridge

In an increasingly complex global business environment it is crucial for companies to know exactly who their vendors are and what risks could crop up when dealing with them.

The resources, expertise and integrity of the supplier could have a big impact on the quality of the buyer’s own products and performance. It is in the buyer/manufacturer’s interest to ensure that the vendor’s processes and products meet the required standards.

For a variety of reasons, clients do not possess the expertise or resources to carry out a thorough assessment of the competence, integrity, reputation and robustness of the potential vendor’s business. They may not even have the experience to foresee, avoid or manage potential threats to the business.

An AuthBridge study found, of those that do carry out their own assessment of vendors, only 15 to 20% carry out the process thoroughly. As a result these businesses choose the wrong vendors.

AuthBridge vendor due diligence services mitigate the client’s exposure to risk. We also ensure that they make a well-informed vendor decision, get a better quality of service or product, improve their efficiency and reduce costs.

AuthBridge helps clients to assess their existing or potential vendors on one or more of the following parameters:

• Family and Business History of Promoters
• Financial Strength of Promoters or the Vendor.
• Regulatory Compliance History
• Criminal Records verification.
• Market Reputation
• Reference Checks with other Clients.
• AuthBridge assessment goes beyond the standard assessment processes and delivers greater value to the client. AuthBridge carries out Vendor Due-Diligence in stages that include:
• Vendor Certification - A detailed due-diligence done at the time of appointment of the Vendor
• Vendor Monitoring - - A regular due-diligence procedure carried out at regular frequency to ensure compliance to client prescribed standards and procedures.