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Business Credentialing Services, Inc. (BCS) works with
businesses helping them minimize the risk inherent in
third-party relationships – service providers, contractors,
sub-contractors, vendors, tenants (suppliers) and the
individuals they employ. BCS provides its services to safely
and responsibly improve your suppliers' compliance with your
required contract terms and conditions of engagement, as
well as government regulations unique to your industry.
All businesses today continue to reduce their direct
employee base in favor of suppliers to help run their
operations. As more and more business seeks to contract for
products and services that in the past were performed by
direct employees, the potential for incidents leading to
loss have outstripped improvements in safety, quality and
environmental advancements making suppliers the biggest risk
to your business today.
The root cause of most supplier incidents leading to loss is
found in organizational failings. Most organizations today
spend time and money on people and systems trying to achieve
some form of verification of supplier compliance to their
terms and conditions, often times giving them a false sense
of security. Multiple databases, third-party rating
companies and existing, overworked, staff are typically used
to track supplier information. This results in organizations
spending too much money per supplier trying to achieve
accurate supplier verification or, alternatively, their
costs are controlled but, they experience out of date,
missing and inaccurate information - both scenarios leading
to costly, inefficient and unreliable processes for managing
supplier risk.
BCS continuously collects and validates supplier credentials
and monitors your suppliers' adherence to your contract
terms and conditions, which is critical in reducing supplier
risk and loss caused by failures in supplier relationships.
BCS certifies your suppliers against your contract terms and
conditions.
Suppliers certified by BCS ensure that:
1. You are indemnified and insured by your suppliers
continuously with no lapses in coverage
2. Your suppliers comply with government regulations and
other important contract terms and conditions
3. There is no missing or inaccurate data
4. Compliance is achieved with each supplier for the lowest
cost
5. Audit accountability and reporting is simplified
Spending any amount of time, money or other resources to
track your suppliers' adherence to your terms and conditions
without accurate, reliable results wastes precious resources
and positions your company for unnecessary loss when
unforeseen supplier incidents occur.
Having BCS certify your suppliers' adherence to your
contract terms and conditions will minimize your potential
for loss including the loss of corporate reputation.
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