Client Screening Program
CRS is the industry leader in providing companies with the vital information they need to make informed business decisions that will reduce their exposure to risk. The CRS Client Screening Program safeguards companies from the significant liabilities and risks of conducting business with potentially high-risk clients such as non-payers, companies on the brink of bankruptcy, clients that are known to be highly litigant as well as companies or owners listed on government watch lists such as the Treasury Department’s Office of Foreign Asset Control (OFAC).
In today’s financially unstable business economy, it’s more important than ever to know the background and financial stability of potential clients prior to establishing a contract. Proactive screening of business relationships can safeguard against the risk of expensive and lengthy legal proceedings and collections processes that are involved in dealing with high-risk clients that fail to fulfill their contractual and financial commitments. Even existing client circumstances can change and leave companies at risk for non-payment and potential litigation. Having a binding contract with a client will not protect you from the time and expense of litigation and collection proceedings.
All companies are also exposed to the risk of substantial fines any time they conduct business with clients that are listed on any one of the many government watch lists that prohibit companies from doing business with the companies and individuals on these lists. Knowingly or unknowingly conducting business with any of the entities on these watch lists can result in substantial fines and penalties, including loss of export privileges or even prison.
The CRS Client Screening Program can help your company proactively identify potentially problematic new and existing clients through an in-depth screening of a client’s credibility, corporate records, financial standing including the potential for bankruptcy, credit and collections history, any legal filings against the client as well as if they are listed on any of the government watch lists.
Our program includes business entity searches as well as optional business owner(s) screenings. We offer three levels of screening services for high, medium and low risk clients with detailed online summary reports of all findings that provide the vital information your company needs to make prudent business decisions that will reduce your risk.
CRS' knowledgeable experts can ensure that your company has the information you need to make informed business decisions and substantially reduce risks. When considering the ramifications of time and money conducting screenings of client backgrounds is not an option, it’s an essential and necessary element of sound business practices for successful businesses.
Benefits of the CRS Client Screening Program include:
- Comprehensive Customizable Program
CRS offers your company the most comprehensive screening services available in the industry. Our Client Screening Programs are customized to ensure that your company's specific risk management requirements are addressed.
- Multiple Data Sources
Screens include the most accurate data from multiple data feeds including a major credit bureau, Dun & Bradstreet and an extensive database sweep of proprietary sources.
- Quick Turnaround
Screening services can be performed within 1 to 3 business days on average.
- Proprietary Web-based Program
Proprietary web-based program and secure servers allowing remote access to monitor, manage and track all information, documents and recommendations 24/7.
- Global Compliance
Ensure compliance with federally mandated OFAC Anti-Terrorism, Executive Order 13224 and Patriot Act regulations to avoid the risk of substantial fines for knowingly or unknowingly conducting business with clients on these lists.
- Domestic and International Screening
Our services can include both domestic and international screening of both the business entity and owner.
Discover CRS’ profit improvement and risk and compliance management solutions for your company.
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