Business Verification and Company Credit Report
OSTA wants you to be safe when working with a new company. Therefore, If you are unsure of the company you wish to do business with, and want to ensure that they are legitimate, OSTA provides two options.
Firstly, we are able to conduct an On-Site Company Verification Check. To conduct this check, inspectors will visit the business or factory address and the local administration of Industry and Commerce. We will conduct an online background check, and other supplementary verification techniques.
The purpose of this verification is to ensure that the company is legitimate, and to prevent you from becoming a victim of fraud, theft, or loss. Once the process is complete, we will issue you with a Comprehensive Verification Report, which includes photos and videos of the supplier’s facilities, their production process, sample details, equipment and quality control processes.
Alternatively, for big orders or when the risk is considerably higher, you may choose to conduct a Business Credit Report. This is a more detailed verification check which includes other important business, financial and social information about the company in question.
Why use OSTA for your Product Sourcing needs?
People have many different reasons for using sourcing agents such as OSTA. Sourcing new products can be very time consuming, and often involved a lot of back and forth between buyers and sellers in order to negotiate price, contracts, and to ensure that a seller is able to meet the specifications required by the client. Often hundreds of companies need to be contacted and liaised with in order to find the best one to suit your needs. Another factor is the cost of finding new suppliers.
Time is money, and research does not come cheap. To pay an in house employee a regular salary to source products for you can be very costly, not to mention the travel costs associated with traveling to and from potential sellers in order verify their details and ensure that everything progresses according to your needs. There is also the risk factor associated with scammers and fake businesses out to steal your money, not to mention the risk involved in import export customs laws, transportation and other unpredictable factors. OSTA can offer all these services in one, to save you all the stress of carrying out this often daunting, but essential and profitable, task of product sourcing.