Supplier Verification and Registration
Supplier verification is an essential step for safe exporting. It is the only way to protect against potential fraud or non-payment. It is always necessary to verify that the purchaser of our items in any country is registered in the relevant commercial registries, holds a license for international operations, and has the capacity to distribute their product in compliance with regulations. It is also important to know if the company is responsible, transparent, and meets its commitments.
What does the supplier verification service consist of?
Option A: We verify records, credentials, and certificates, and you handle the export on your own.
Option B: We conduct the verification and manage the import process for you.
When to Use the Supplier Verification and Registration Service
This service is intended for companies that have contacted a supplier for their product and are unsure if the provided information is accurate or if the foreign company can successfully market the product within the desired parameters.
Any commercial company engaging in international business must be registered in their country’s commercial registries and have a declared share capital. Bull Importer will verify the documentation provided by the buyer on your behalf and, through our international offices, we will visit their facilities to ensure they have the capacity to distribute your product under the required conditions.
Supplier Verification Process
We verify the company’s details: registration identification, capital, shareholders, and solvency.
- We verify the product certification data that the company sells.
- We study their management processes on-site.
- We check if they are socially responsible.
We analyze their ability to customize the item, if required for its final marketing.
- We evaluate the sales conditions: prices, incoterms, proposed payment method.
- We verify the contact information.
Verifying the data before exporting is always a low-cost and profitable decision. It’s a symmetric operation to supplier verification in an import process.
