Riverstone Residential Group Becomes Latest Property Management Mogul to Sign with Compliance Depot, the Nation’s Largest Vendor Compliance Organization

Vendor compliance management should not be taken lightly in any economy. It simply doesn't pay to cut corners on this essential business practice. Today's wise companies invest in vendor screening services to protect their workers, their assets, and their reputation. Riverstone Residential Group, with a multi-family portfolio valued at more than $14 billion, makes the move put their vendor screening needs in the hands of Compliance Depot, the leaders in vendor compliance.

(PRWEB) October 13, 2010 -- Riverstone Residential Group is one of the largest third-party management companies in the United States has signed on with Compliance Depot, the nation‘s largest vendor compliance management organization, proving once again that vendor screening is a highly-valued service critical to a company’s workforce, reputation, and longevity.

“What’s clear to me is more and more companies are realizing not only how important vendor compliance management is, but that it should be done by experts who thoroughly understand vendor compliance laws,” says Lonnie Derden, President and CEO.

Riverstone Residential, with offices around the country, manages more than 650 apartment properties, and has a portfolio of multi-family assets valued at more than $14 billion for leading institutions, pension funds, developers and other major owners.

Compliance Depot vendor compliance management services include Bankruptcy, Liens, Collections, and Judgments Searches; Vendor Principal and Associate Qualification; Due Diligence Vendor Checks; Government Watch List Search (Patriot Act, The Money Laundering Control Act), and Background & Sex Offender Searches. “Our team works to the highest standards,” says Derden. “In launching over 120 management companies, we have uncovered many unscrupulous vendors who could have compromised our client organizations.”

Compliance Depot’s state-of-the-art risk management tool was created with input from multi-family executives and is constantly enhanced to ensure it reflects the most up-to-date requirements from both the industry and clients. “We significantly reduce the administrative burden on our client’s in-house costs for vendor screening,” says Derden. It’s simply more cost-efficient and time-efficient.”

Riverstone Residential Group who has a substantial workforce, vendors and partners, can now rest easy, with Compliance Depot on the job, adds Derden. “Our prime directive is ensuring companies know who they’re doing business with, and our rigorous vendor compliance management process gives them all the details 24 hours a day, seven days a week.”

Find out more about Compliance Depot at http://www.compliancedepot.com or call them toll-free at (888)493-6938.

About Compliance Depot
For over 5 years, Compliance Depot has been the innovator of compliance technology. We help businesses to reduce exposure to litigation, the potential for fraud and abuse, as well as reputational damage caused by supplier relationships. We help businesses to understand and interpret vendor compliance laws, as well as educate businesses and nonprofit agencies about their legal requirements to address internal operations to ensure compliance with these Orders. Compliance Depot also offers our clients no-cost access to our Minority Business Enterprise Database of over 200,000 vendors, the largest known minority database of qualified vendors.

At Compliance Depot we take the risk out of doing business.

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Read the full story at http://www.prweb.com/releases/2010/10/prweb4642044.htm.