When it comes to suppliers and partners, it’s essential to choose individuals and companies who are trustworthy, and who can deliver a quality offering as and when you need. Our supplier risk solutions give you a thorough and diligent review of a prospective supplier or company to ensure that they comply and adhere to legislation and corporate governance.
Why Do Supplier Risk Solutions?
Reduce your
organisational risk
Whether that means a conflict of interest, fraudulent activity relating to vendors and employees, or tender collusion or irregularities.
Independent external
assurance
It gives you an objective and independent external assurance on a prospective supplier’s business systems and financial background.
Services
Bank account/code verification
- Establish whether the person’s bank account details are correct and valid and verify the identity of the account holder against the account number supplied.
- The company’s bank information is investigated by the credit bureau on either a company or individual – the bank code will be supplied for the amount specified.
Company Checks
- Company checks carried out on vendors will determine whether the company is registered and is operating legitimately and for a more comprehensive option, detailed information on the company can be provided.
- Company Fraud Check – this check is performed to highlight fraudulent activity in the workplace by an individual.
Company World Check
To support in the identification and management of financial, regulatory and reputational risk, a database of Politically Exposed Persons (PEPs), Sanctions and heightened risk organisations is used around the world.
This check offers:
- The ability to expose hidden risk in business relationships and human networks.
- The company’s bank information is investigated by the credit bureau on either a company or individual – the bank code will be supplied for the amount specified.
- The ability to form part of a comprehensive employee and procurement vetting process.
- The ability to identify Politically Exposed People – Notifies clients of whether a person is politically exposed or listed as an individual on over 200 sanction lists.
Deed Search
A deed search returns properties and the relevant details of each property registered to an individual and or an organisation.
CIPC Report
The Company Credit Standing provides information about the business stability of a company by checking the following:
- Trade on File
- Statutory Detail on File
- Subject Default
- Principal Detail
- Enquiry History
- Bank on File
- Deeds on File
Directorship Register
The Directorship Register checks whether the individual has any business interests in companies registered with the Companies Intellectual Property Commission (CIPC).
SARS Verification
- SARS VAT Registration – confirming that the VAT number is valid and issued to the company by SARS.
- SARS Tax Clearance Certificate – Verifies the clearance certificate directly with SARS to ensure ongoing compliance.
Persal Check
State Employee Verification establishes whether an individual is employed by the State on a National and Provincial level.
Treasury non-preferred supplier
The National Treasury offers MIE access to their non-preferred public-sector list. Suppliers on this list are precluded from doing business within the public sector.
COID verification
MIE assists companies in verifying whether a vendor is compliant with the Compensation for Occupational Injuries and Diseases (COID) Act which aims to provide compensation for employees in the event of disablement or death resulting from occupational injuries or disease.
B-BBEE Certificate Verification
The verification is conducted on companies to verify and fully validate the details of the company’s B-BBEE status.
How Do I Get Started?
