Supplier/Vendor Vetting
Vetting is a valuable tool and should apply to all potential suppliers and/or vendors with whom an organisation does business.
As part of our vetting process we perform the following approach:
- Check the legitimacy of the company (Registration with CIPC);
- Verify that the company is VAT registered with SARS;
- Verify the Directors of the company;
- Verify all entities the Directors are involved in;
- Verify the status of each Director and properties owned;
- Verify banking on file;
- Verify trade on file;
- Verify any court related documents to the company;
- Verify any notarial bond and/or other suretyship recorded