Before conducting business with a new customer, supplier or other partner, you need to be reasonably sure they do not pose a compliance threat. And you must be able to demonstrate you’ve done your due diligence in assessing their compliance risk prior to engaging them. This means researching the business and its principals to find out if they are on any sanction or watch lists, have questionable associations or are the subject of negative publicity. You want to make intelligent decisions about if and how to engage these risky businesses in order to avoid tarnishing your brand or being assessed penalties. D&B Onboard can help you decide which businesses to establish and maintain relationships with, and identify which to avoid.
D&B Onboard can help you:
The best way to be sure a business is who they say they are is to validate against a trusted third party source of content. D&B’s global database provides deep insight on more than 265 million businesses and is used by 95% of today’s Fortune 500 companies as well as the United States government. D&B Onboard returns robust firmographic, operational and financial information and checks against OFAC and other compliance sources so you can verify the business and determine if it is accurately representing itself.
Once a business’ identity is verified, you can determine whether or not they pose a compliance threat. To make the most comprehensive evaluation you need access to all relevant information. D&B Onboard streamlines the research process by bringing all the data you need together in one place, enabling more thorough research and a more efficient process. D&B Onboard provides a single point of access to all the data you need:
Equally important as performing compliance due diligence is being able to demonstrate you have taken steps to screen for legal, regulatory and reputational risk. Demonstrating due diligence requires a reliable method of storing and archiving your results. D&B Onboard digitally documents your compliance activity for easy recall if the need arises with:
To find out more call (800) 463-6362.