Risks of Poorly Screened or Unscreened Vendors

Risks of Poorly Screened or
Unscreened Vendors

Vendor verification is not an extra precaution you take to protect the business; it is a necessity. In fact, without thorough vendor checks, you can risk the safety of others and open the company to financial or reputational loss. Irrespective of your industry, there are many risks of not conducting a vendor background screening. They can include non-compliance, fines, and loss of reputation.

Before committing resources to a new vendor relationship, be sure you are not unknowingly opening your organization to risk. OSP and its partner’s system are powerful tools that tell you more about a vendor, its management, staff, and risk indicator. You can complete thorough verification and vendor due diligence and confidently pursue new supplier relationships on our systems.