How we validate your suppliers

Supplier Validation with Meysey in Xero

Ensuring the legitimacy of your suppliers is paramount to safeguarding your business against fraudulent activities. Our tool employs a comprehensive validation process to provide you with peace of mind when engaging with suppliers. Here's how we validate suppliers:

Companies House Analysis:
- We analyse open-source information from Companies House to delve into the background of the business. By scrutinising official records, we assess the company's history, financial standing, and any pertinent details that may indicate fraudulent behaviour.
  Website Examination:
- Our tool evaluates the supplier's website to verify its authenticity and professionalism. We look for consistency in branding, contact information, and offerings to ensure alignment with their claimed identity.
  Director Investigation:
- We conduct thorough checks on company directors to ascertain their credibility and track record. This includes assessing their involvement in other businesses and identifying any red flags that may signal potential fraudulent activities.
  Additional Checks:
- In addition to the above, we perform various other checks to validate the legitimacy of suppliers. This may include cross-referencing information from public databases, scrutinising business affiliations, and examining financial transactions for anomalies.

By employing a multi-faceted approach to supplier validation, our tool provides you with comprehensive insights into the integrity of your suppliers. Rest assured, you can confidently engage with verified suppliers, knowing that your business interests are protected against fraudulent behaviour.