Vendor Qualification

Ensuring small service providers meet client-defined vendor standards. . .

Vendor Qualification Services

Enterprise clients frequently use large numbers of small service providers and specialized consulting firms to complete projects and to secure access to hard-to-find worker skillsets. The small size and relatively low budget profile of these vendors can create workload challenges for procurement or vendor management organizations tasked with providing enterprise-wide oversight and controls. In addition, due to their structure and the employment relationship of their workers, small service providers can often introduce significant worker misclassification risk to the enterprise.

Outsourcing vendor qualification to TalentWave can be a strategic solution that drives business efficiency while reducing risks. With the TalentWave Vendor Qualification solution we evaluate new or re-engaging service providers to ensure they meet client-defined standards for vendor status, including:

  • Business license validation
  • Certifications check
  • Insurances validation
  • Payroll and business tax compliance
  • Credit check

As part of this service we also validate business size so that clients can make an engagement decision:

  • Larger vendors (this is client defined, but typically more than 10 employees) generally don’t pose much worker misclassification risk, so clients often contract with them directly. For business or procurement category management reasons some clients elect to have selected larger vendors engaged as Sub-Vendors through TalentWave.
  • Small service providers (this is also client defined, by typically fewer than 10 employees) can often introduce significant levels of worker misclassification risk. To gain process efficiency and mitigate risk, many clients choose to have TalentWave engage small service providers on their behalf. With our Sub-Vendor Engagement solution, the service provider is subcontracted underneath TalentWave, and all workers performing services for the client are evaluated for proper worker classification through our ICverify Compliance solution.

Vendor Qualification and Sub Vendor Engagement

There's Much More

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