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Global Risk Management Solutions (GRMS) Delivers Best of Breed Commercial Property Management Vendor
Global Risk Management Solutions (GRMS) Delivers Best of Breed Commercial Property Management Vendor
In today's high risk business environment your company, as well as the clients you manage properties for, must be in compliance with federally mandated Anti-Terrorism laws including the Patriot Act, The Money Laundering Act, FCPA, and Executive Order 13224. Establishing a contract without accurately screening a vendor’s financial stability, licensing, insurance coverage and criminal records can result in significant financial and public relations ramifications for both you and your client.
Newport Beach,
CA,
United States of America
(prbd.net)
22/09/2011
In today's high risk business environment your company, as well as the clients you manage properties for, must be in compliance with federally mandated Anti-Terrorism laws including the Patriot Act, The Money Laundering Act, FCPA, and Executive Order 13224. Establishing a contract without accurately screening a vendor’s financial stability, licensing, insurance coverage and criminal records can result in significant financial and public relations ramifications for both you and your client. It is critical that you institute an effective vendor management program to ensure ongoing compliance and to mitigate supply chain risk.
GRMS' proprietary, customizable Commercial Property Management Vendor Screening Program provides commercial real estate owners and managers with a global solution for conducting ongoing vendor due diligence. GRMS provides the commercial real estate industry with a single outsourced solution for vendor credentialing and compliance service, including Certificate of Insurance management, globally.
Effective vendor and supplier management, across multiple locations and within an ever-changing regulatory environment, is difficult, time consuming and expensive for real estate organizations to conduct internally.
A mistake can be costly since your company is exposed to the risk of substantial fines and damage to your reputation anytime you knowingly, or even unknowingly, conduct business with vendors that may be listed on any one of these watch lists. In addition, a lapse in your vendors’ or tenants’ insurance coverage can create an enormous risk for your company and your clients.
GRMS' knowledgeable experts can ensure that your company has the tools to help you comply with regulatory laws and manage your Certificates of Insurance and other documentation—at no cost to your company.
Benefits of the Vendor Screening Program include:
• No cost to your company—your external vendors pay the cost of screening services.
• Easy Implementation-your vendor screening program can be implemented in just a few hours.
• Efficient Process-final results delivered within 1 to 3 business days on average.
• Vendor information is graded based on your customizable screening criteria.
• Screening criteria can be customized on a 'per client' or 'building' basis.
• Ongoing insurance certificate management and W-9 tax form verification.
• Assist with compliance of over 550 international watch lists including the federally mandated U.S. Patriot Act and Anti-Terrorism regulations.
• Domestic and international screening services.
• Business entity and owner screening.
Discover GRMS' vendor due diligence and compliance management solutions for your company.
For more information, please visit our website at www.GlobalRMS.com.
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In today's high risk business environment your company, as well as the clients you manage properties for, must be in compliance with federally mandated Anti-Terrorism laws including the Patriot Act.
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