Business engagement check

It is not easy conducting business in Israel. On the one hand, the tax authorities behave harshly and lack flexibility, and on the other hand, payment methods in Israel are in disarray, and there is a widespread phenomenon of bounced checks and of companies that within a very short time reach a state of insolvency, which often creates chain reactions that harm a third or fourth party. Therefore, even a profitable company that is run in a responsible manner must exercise caution in any significant business engagement. It can be an anchor customer, an important supplier or an ad hoc partnership with another party for a joint project. In all these situations it is recommended to use caution. There are several ways in which a company can fence itself, one of the most effective ways is a business engagement review and it is important that every CEO who makes business engagements that expose the company or business to potential danger should be familiar with this tool that may save a lot of heartache and a lot of money.

Prevention is the best defense

The best way to avoid a financial snowball caused by a collapse or fraud by a third party is to avoid doing business with a party that could get involved is problematic matters or a party that behaves in a questionable manner and has a problematic history.

It is important to note that it is not always easy to recognize the warning signs and many problematic "actors" make sure to cover their tracks using tricks such as opening a new company. That's why it's important to assign the task of background checks in the hands of trusted professionals. This is one of the services BackGround provides. The service includes a series of background and in-depth checks that examine the economic soundness and financial and legal history of the party with whom you wish to do business with. Among other things, a member check, a bankruptcy check, a limited account check, a credit data check, a consumer credit check, and a check on the registration of cases carried out in execution . In addition, the personal history of the key people is examined. When our experienced investigators start investigating- if there are skeletons in the closet they will discover them! At the end of the inspection, a situation assessment will be performed, which includes a financial and legal accounting analysis, and at the end, conclusions and recommendations will be submitted .

For more information please contact us: 03-9666518