Business competition has never been fiercer than in today’s increasingly globalised and digitised market. This has led to a worrying prevalence of frauds, infringements, and malpractices that can pose a dangerous threat to a business’s rights and interests.
By hiring a professional team or consulting agency to conduct corporate investigations, businesses can effectively neutralise these threats and safeguard the continuation of their own growth.
What are Corporate Investigations?
Corporate investigations are a series of search, audit, and background checks that can assess the potential risk that a third-party person or organisation could bring to your business. Through comprehensive corporate investigation services, businesses could prevent frauds and infringements and hence effectively protect their rights, intellectual properties, and revenue.
What kind of Corporate Investigations do I need?
Depending on the size, scale, and industry of your company, as well as your specific goals, you might want to utilise different types of corporate investigations to protect your business from harm.
Among all kinds of corporate investigation services available, the three most widely employed by businesses across all sectors are due diligence, pre-employment screening, and intellectual property investigations. Each of these serves unique functions and provides advantages that could help you save a tremendous amount of money in the long run.
Due Diligence
Due diligence is an investigation, background check, or audit conducted to confirm the facts or details of a certain matter of concern. Before businesses establish a tie with one another, it is crucial to administer the process of due diligence to substantiate that the trade, investment, merger, or acquisition is indeed worth the money.
A comprehensive due diligence and compliance service that includes pre-IPO checks and full individual and company background checks can let you become better informed about your potential client, vendor, or business partner. This will help you by mitigating risks, preventing crises, and inspiring confidence as you make critical business decisions.
Pre-Employment Screening
Nowadays, it has become much easier to forge certificates and fabricate work experiences, not to mention that recruitment itself is already a time consuming and costly process, from screening resumes and portfolios to overseeing interviews and negotiating compensation before eventually making a hire. On top of that, hiring someone for a senior management position is even trickier. Their salaries and benefits make them a huge investment for businesses, but it is difficult to get a full picture of a candidate’s background, ability, and aptitude with just a few rounds of interviews.
In light of that, a professional pre-employment screening service can help you dig deep into a candidate’s background, conduct, and qualifications to ensure that they are indeed the right one for your business, and hence save you a ton of time, money, and trouble.
Intellectual Property Investigation
In today’s technology-oriented and highly globalised market, intellectual property has become an invaluable part of any business’s asset. Everything from trademarks, copyrights, patents, designs to trade secrets are all under the protection of the law. That being said, others could still take advantage of your IP without your knowledge or approval.
Competitive infringements from your business rivals could impair your source of revenue as well as damage your brand’s integrity and reputation. Thus, a thorough intellectual property investigation that includes background searches, business site visits and approaches, market surveys, and surveillance can significantly mitigate these risks and protect your business from harm.
Contact Us
Herald Business Consulting’s comprehensive services can help you get to the bottom of any situation and protect your business from unnecessary risks. If you are interested in any of our services, do not hesitate to contact us here.
