Compliance Depot Signs Pinnacle, An American Management Services Company to Provide Vendor Screening

May 27, 2010 - PRLog -- Compliance Depot LLC, the nations largest vendor compliance management company, today announced the rollout of their newest client Pinnacle, An American Management Services Company. Pinnacle is the nation’s leader in multifamily property management, managing a portfolio of apartment, office and industrial assets valued at more than $18 billion, with over 5,000 employees in 42 states. Pinnacle’s multifamily portfolio consists of over 185,000 units.

“The necessary process of monitoring the compliance of companies we partner and do business with is a monumental task that has been made manageable for us by Compliance Depot. We had previously attempted to manage the process for several years and ultimately had to revisit what we were doing and find a solution that would work.  Compliance Depot has provided the resources for Pinnacle in assisting with the development and full implementation of a compliance program based on Compliance Depot’s many years of success.” said Ed J. Wolfe, Chief Administrative Officer at Pinnacle.

“As the nation’s leader in multifamily property management, Pinnacle understands the risk of doing business with unverified vendors. The liability placed on a company such as Pinnacle who utilizes over 20,000 vendors at over 1,000 properties are paramount. Hiring a company to provide goods and services without first verifying its performance, criminal record and financial standing can result in fraud, unsatisfactory work and lost time and money. We also work as consultants for our clients such as Pinnacle and help to educate businesses on the laws of vendor compliance, such as required Government Watch List searches under The Patriot Act, The Money Laundering Control Act, and Executive Order 13224. ALL U.S. businesses and non‐profit agencies are legally required to address internal operations to ensure compliance with these Orders.” said Lonnie Derden, President and CEO of Compliance Depot.

“In addition to assisting Pinnacle with vendor compliance, we also offer all clients access to our newly developed Minority Business Enterprise Database. With over 200,000 vendors currently being managed in our database, we have developed the largest known minority database of qualified vendors for our corporate clients such as Pinnacle to utilize at no additional charge.” said Lonnie Derden, President and CEO of Compliance Depot.

About Compliance Depot
As the innovator of compliance technology, Compliance Depot helps businesses to reduce exposure to litigation, the potential for fraud and abuse, as well as reputational damage caused by supplier relationships.

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As the innovator of compliance technology, Compliance Depot helps businesses to reduce exposure to litigation, the potential for fraud and abuse, as well as reputational damage caused by supplier relationships.