TÜV Rheinland Ushers in New Era for Corporate Credit Checks with Corporate Identity Mark

KOWLOON BAY, Hong Kong - June 16, 2016 - PRLog -- TÜV Rheinland announced that it will introduce a corporate identity solution for global use. The goal of the new solution is to provide as much information transparency and symmetry as possible. This will facilitate rapid information matching by Industry buyers, investors, financial institutions and other partners from a sea of business information, help establish mutual trust and stable relations, shorten transaction cycles, and create a healthy, sustainable business environment for local and foreign trade and economic activities.

Peter Chen, Vice General Manager of System, TÜV Rheinland Greater China, stated: Corporate credit checks are fundamentally about trust. Business information and the entire supply chain history must be visualized and made transparent so that "what you see is what you get" because this offers the best solution.

Supply Chain Disruptions Have Serious Consequences
The 2015 Allianz Corporate Risk Report noted that: 46% of respondents listed "business disruption and supply chain risk" are one of their top three risks, an increase of 3% over the previous year. It was also listed alongside "Loss of brand reputation" as one of the top 10 risks in the world, Asia-Pacific and China. Other research reports indicated that the increasing globalization and specialization of the supply chain means supply chain disruption is now the most serious risk that businesses now face. Increased outsourcing of manufacturing and R&D operations is a business trend that contributes to the increased vulnerability of the supply chain. Reports of well-known brands suffering from business disruptions and loss of reputation due to inadequate supplier evaluation or monitoring failure have become all too common.

Overcoming the Problem of Trust
People are paying more attention to the contracts and integrity in today's socio-economic activities. Business integrity is therefore not only conducive to the healthy development of the national economy but is an important intangible business asset as well. When there are hundreds of thousands business entries across countless platforms large and small, how should one verify the true business dynamics, qualifications, financial capabilities, sales operations and future prospects of both parties? This is a problem that both parties to any transactions have always faced.

As the leading international provider of technical services, TÜV Rheinland has combined the information gathering and transmission properties of the Internet and our modern age to launch the "Corporate Identity Mark" solution which incorporates on-site inspections, information gathering, regular monitoring of business development and timely notification. This approach reduces the cost of investigation and overcomes problems such as information asymmetry and slow updates. Scanning the unique QR-code or entering the ID number can be used to log into the verification platform (http://verified.chn.tuv.com/cn/) and view the true details of a business.

The service solution is designed for different customer groups and comes in Basic, Improved, and Advanced editions. Its content include: business registration, organizational structure, company size, office environment, production (sales) overview, operating status, financial status, trademarks and patents, product certification/report, and on-site video.

One Authoritative Global ID
The TÜV Rheinland Corporate Identity Mark can be used in a variety of scenarios such as local/overseas trade shows, marketing platforms and conference materials. No matter where you are in the world, simply scan or click on the mark to be connected to the TÜV Rheinland website. The page will load with reports and documentation for the company or product.

TÜV Rheinland was the first testing and certification organization in the industry to become involved in the e-commerce and finance industries. Its e-commerce team has more than 100 professional auditors providing convenient, professional and authoritative services to businesses in more than 30 provincial, tier-2 and tier-3 cities throughout the country. TÜV Rheinland has also established professional call centers as well as the necessary software and hardware systems to effectively guarantee the security and utility of our data.

TÜV Rheinland has also drawn on the Group's expertise and international reputation in product testing and certification as well as supplier audits to launch new services such as Internet financial credit checks and risk management. A product traceability system platform has been created as well. Today, TÜV Rheinland is now the designated service provider for customers such as Alibaba, Ant Financial, Tencent-WeChat, Ctrip, JD, Amazon, Global Market, and DHgate, and provides support services for more than 100,000 small and medium enterprises.

TUV Rheinland Corporate Identity Mark Introduction video:  https://youtu.be/1zDas24bzx4