Background check of counterparties and business partners

The realities of today presume that any business can be risky when dealing with partners and customers. These can be either suppliers or customers.

Nowadays, there are many online verification services. Nevertheless, fraudulent companies and unscrupulous counterparties have also learned how to conceal information about them. Suppliers defraud customers when supplying illiquid goods or customers can ask for a delay in payment and then disappear. Some may ask for an advance payment and then disappear as well. There are many other types of possible risks.

The Security Agency “Garant” recommends to perform a deep background check of a partner prior to signing important contracts. Even if you are dealing with a regular customers (suppliers), you need to constantly check them, as the circumstances of their business may change.

Only a timely and qualified check of the counterparty will help the business owner to minimize risks and avoid further significant losses. We will provide a professional risk assessment when dealing with temporary or permanent partners within short terms. Collecting information about a partner will help you in business negotiations.