Procurement and Supplier Selection

How credit reports can help

Credit reports can be tailored for specific job purposes and horizontal sectors - for example supplier procurement.

Graydon operates the market leading supplier interview service - specifically designed to provide procurement officers, accountants and credit professionals with the assurance that a supplier will be able to provide a service to a specific contract value.

Our Level 4 Investigations team are ready to be given a list of specific questions you may have to examine your subject company in order to highlight specific areas of importance - for example:

• The supplier's ability to undertake a contract up to a specific value
• Details of any existing or future contracts a supplier may have with other private companies or public sector authorities
• Asking the supplier to provide a full set of financial accounts
• What are the total number of part-time and full-time staff employed
• Who is the supplier's holding company and what is their financial strength and standing

Gemma Carter, Northamptonshire County Council's Principal Accountant comments: "As a local authority, we have a duty and responsibility to manage a large budget on behalf of the local tax payer. We are responsible in making sure that we get the best value for money when providing public services and in some cases contracts awarded can run into millions of pounds and it has never been more important in these difficult times to ensure there is little waste and that resources are fully utilised.

We have now, for a number of years, utilised the services of Graydon UK Ltd to vet our suppliers and service providers to ensure we are trading with the right business and getting full value for money. It is also vital that we get a long term view of a provider to ensure that there is no interruption of services or indeed a cessation completely. Graydon through its specialist investigation department gives us that comfort, where experienced analysts provide the answers that we require to make the best informed decision."

Ideally, Procurement Officers should be encouraged to carry out yearly supplier checks to ensure ongoing strength and viability. Contact Graydon today to find out more about our market-leading supplier investigation service:

Telephone: +44 (0)20 8515 1410

Email: mail@graydon.co.uk

View a sample image of the specific Graydon investigation analyst comments that typically appear within a specialised Level 4 investigated report to assist procurement / supplier selection.

View a sample Level 4 Investigated report to see details of information included to assist the procurement process and supplier reviews.