Global Risk Management Solutions (GRMS) provides companies and organizations with an innovative, no cost solution for the screening and compliance management of new and existing suppliers, contractors and service providers.
In today’s compliance-driven world it is more important than ever for your company to know the background and financial stability of the suppliers with whom you conduct business.
The management of the licensing, credentials and stability of suppliers, as well as staying current with the myriad of ever changing U.S. federal compliance regulations, has become increasingly complex and costly. It is nearly impossible for any company to accurately and efficiently manage these issues internally in a cost effective manner.
GRMS’ Global Supplier Screening Programs can provide your company with a comprehensive outsourced supplier screening solution to effectively manage and reduce risk while conducting business with your suppliers in over 120 countries.
Benefits of the SupplierShield Program:
- No Cost To Your Company – Your suppliers pay the cost of the screening program.
- Document Collection – Any standardized document can be collected and stored online.
- Certificate of Insurance Management – Ongoing daily insurance certificate tracking.
- Customizable Screening Criteria – The program is designed to ensure your suppliers meet your company’s unique requirements.
- Global Watch List Screening – Assistance with global watch list compliance including the USA Patriot Act (OFAC).
- Results Graded – Information collected is graded based on your company’s unique screening criteria.
- Tax Form Verification – Collect, verify and store online W-9 and W-8 BEN-E tax forms.
- Consistent Standard – Allows all suppliers to be held to the same objective requirements.