Know Your Customer and Due Diligence

Know Your Customer and Due Diligence with Enformion

Your business relies on understanding your customers and being cautious with who you trust. Enformion’s data and intuitive analysis tools can help you with these issues.

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How Enformion Can Help You Get to Know Your Customer and Perform Due Diligence

Knowing your customers is an important part of running any successful business. You should know your customers so you can more successfully sell your products. But you should also know your customers to prevent fraud and other issues. Paying attention to your customer base also ensures safety for yourself, your customers, and anyone who works with you.

From maintaining good Know Your Customer practices to making sure you’ve done your due diligence with every transaction, here’s how Enformion can help you support your company.

Keeping Your Vendors and Customers Safe

When your vendors and customers work with you, they expect to be able to do so without any serious issues. Vendors and customers rely on you to have done the work beforehand, so they don’t have to worry about safety concerns. It’s up to you to meet those expectations with safety and security features from Enformion.

  • You may not think about it right now, but if you do run into a security concern, the strong negative reaction from customers and vendors may surprise you.
  • Proactively addressing security concerns makes it easier to satisfy your customers.
  • By using the tools at Enformion to know your customers better, you can protect your profits, reduce your risk, and strengthen your place in your industry, all at once.

Making Sure You Don’t Lose Credibility

A data breach or serious security concern automatically causes you to lose credibility. If you’ve ever been the victim of a security breach, you probably know this better than anyone. When you think of the company that notified you of the security breach, you likely have very negative associations with the company and would probably hesitate to recommend them to anyone. Enformion helps you avoid those negative associations.

  • You can suffer serious credibility loss if you have a security incident because your company didn’t do its due diligence.
  • However, you don’t have to invest thousands of dollars and hundreds of hours into developing these security protocols.
  • Enformion can help you develop those security protocols, including API options to integrate Enformion’s tools into your existing software.

Keeping Yourself Out of Lawsuits

If you don’t do your due diligence and, as a consequence, expose your customers or vendors to fraud because of an oversight, you won’t just have to deal with poor reputation and loss of customers. The legal system expects you to screen your customers and not expose your partners to unnecessary risk. If you don’t screen customers and partners with Enformion, you may find yourself on the receiving end of a lawsuit.

  • A lawsuit causes unnecessary frustration for businesses; you don’t want to deal with one.
  • Keeping an eye on potential fraud and criminal activity will maintain your corporation’s safety and reduce its liability.
  • When you protect your business with Enformion’s risk mitigation tools, you can do your due diligence and greatly lessen your chances of having to handle any lawsuits.

Effectively Reaching Out to Current Customers

Your current customers are your most devoted fanbase. If you’re able to draw on your current customers for future releases and changes, you’ll be more likely to capitalize on the changes you make, increasing your profit margins. The key here, however, is that you need to be able to reach out to your customers effectively.

  • If your current customers’ information is out of date, you’re not getting in contact with the right people.
  • Combing through customer records and reaching out with contact information that’s no longer current just wastes your time.
  • Enformion’s batch processing tools allow you to offer a list of clients, then receive contact information and other profile information for all the clients on that list.

Creating Profitability With Automated Help

Every business is usually always looking for ways to make more of a profit. Your business’s profitability relies on a number of different features, including the number of automated options you have. If you’re able to automate some of your busywork with Enformion, you can then divert that time into more creative endeavors, which will give your business a leg up on other companies that don’t have that option.

  • Moving your business along with automation can make it easier for you to grow and change.
  • You don’t necessarily have to develop your own automated processes; you just have to take advantage of existing ones in the right way.
  • From batch processing to API integration and much more, Enformion provides the tools your business needs to succeed. You just have to reach out and take advantage of them.

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Call us at 1-855-281-3915, or via online today.