How Vetting A Corporate Customer Saved $150,000+

[ser...@informednetworks.com]

Corporate client, Labor Source, signed a new customer that contracted
for services to bill at the rate of $150,000 per month. As the first
invoice was coming due they ordered a background check from on the
company and its president. We researched identity, bankruptcy in
50-states, criminal history in 42-states, federal criminal history and
federal, tax and state civil litigation history and identified risk
factors previously unknown to our customer or the bank underwriting
their accounts receivable.

It was found that the company president had filed bankruptcy in 1996
and had been convicted of several felony crimes, including multiple
counts of "Theft of Services".

Our customer expressed to us that our background check obviously
altered their risk profile of that customer and has potentially saved
them hundreds of thousands of dollars by empowering them to take
actions covering their exposure.