ICRA

KYB/ VENDOR ASSESSMENT REPORT

KYB (Know Your Business) report is a due diligence report that provides detailed information about a target business’ internal and external environments. KYB reports are typically used by businesses and financial institutions to assess the risk of working with customers, suppliers, and borrowers. KYB helps institutions to make informed decisions. The KYB report is an important tool for assessing the risk associated with doing business with a particular company, and is used extensively by financial institutions, suppliers, and other stakeholders in making informed decisions.

Benefits of

KYB/Vendor Assessment Report

Improved
vendor selection process

Using comprehensive assessment report business can make effective decisions on potential vendors and suppliers

Risk
Mitigation

Business can identify the possible risks and plan for the risk mitigants in advance without adverse impact to the business

Cost effective
DECISION-MAKING

Based on the evaluation results businesses can negotiate pricing and terms based on the risk appetite.

Increased
compliance

Businesses can make sure all their vendors and suppliers are in compliant with their internal policies and regulations

Improve vendor
supplier relationships

Quality vendor selection will be the key for long term vendor supplier relationship and trust between the businesses.

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