If you're in the reselling business, you need to pay attention to the little details that come into play. Consumer reporting resellers need to stay on top of several specific inspection processes.
By turning to a company that offers on-site inspection services, you'll be better able to get the specific inspection you need to keep your doors open and provide the highest standard of service to your customer base.
Here's what you should know about site inspections for your resell business.
Why Do Resellers Need Site Inspections?
Site inspections are put into place to make sure that a company is operating within the best standards of safety, compliance, and labor conditions. These inspections keep business above board so that everyone is on the same page.
Here's what you should know about site inspectors and how they can assist you:
1. Compliance is King
By running a reselling business, you're agreeing to certain standards of compliance. These compliance standards deal with things like privacy, communication, health and safety, and other variables.
Consider the different forms of compliance, such as the Fair Credit Reporting Act (FCRA), Consumer Financial Protection Bureau (CFPB), and Driver's Privacy Protection Act (DPPA).
Failing to uphold compliance standards can cause you to get hit with penalties that hurt your bottom line and can even close you to close your doors temporarily or for the long term.
As a reseller, it would behoove you to get site inspections specific and relevant to your industry. There are companies that provide these site inspections either in-person or online depending on your preferences.
2. You Need to Protect and Store Documents and Personal Information
Site inspections also extend to how you deal with important documents and the personal information of the people that you do business with and for. These inspections are certified by Equifax, TransUnion, and Experian, which is essential for resellers who report to credit agencies.
These professionals also verify credentials to make sure that all employment and human resources (HR) documents are taken care of. They also check into bank documents and ensure that you have an up-to-date system for protecting sensitive information that is cataloged. These inspections also extend to how sensitive documents are destroyed.
3. It Helps Your Workforce Stay Trained, Safe and Secure
Finally, site inspections help to keep your workforce safe and properly trained. It puts practices and policies into place that are useful to your entire company, and that will help you pass down these protocols whenever new employees are onboarded.
This builds your company security and allows you to have a company culture that can survive the changes and ebbs and flows that naturally happen in your industry.
Hire Professionals for Your Site Inspection Needs
Site inspections are integral when you run a resale business. When you remain diligent and mindful of them, your company will always have the best shot at success.
ComplyTraq would be happy to help you out. Use our contact form to reach out to us, or give us a call at (800)849-4960.