As of 2015, Compliance Depot for vendors has been renamed as Vendor Credentialing and is part of RealWorld's product offering for the property management industry. A vendor can use Vendor Credentialing to ensure that all company documents, such as insurance, licenses and business requirements, are kept up-to-date.
The Vendor Credentialing program updates the user with time-sensitive items, such as annual Vendor Credentialing renewal times and any upcoming renewals of insurance policies. The program also serves as a central location through which vendors can store their information, making it simple for property managers to access any required documents or certification.
The Vendor Credentialing platform is available online at any time and displays beneficial information for vendors, such as the screening criteria of various companies. The program is also streamlined and requires vendors to maintain documents stored within the system. Vendors using the program are required to pass background checks. Vendor Credentialing provides a centralized storage system that vendors can use to store their sensitive documents, such as W-9s or insurance certificates. The program also incorporates a digital signature feature which helps reduce unnecessary paperwork.
Vendors using the Vendor Credentialing program enjoy access to a network of approximately 200 property management companies.