Tools for Business Investigations

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If you need to perform a business investigation, whether it’s for basic due diligence in the financial services industry, to investigate fraud, or to ensure legal compliance, you need to be able to gather large amounts of information in order to feel confident that you’ve taken all the necessary steps to properly investigate that business. With so many different players and factors to consider, these investigations can be tedious, and you may not know where to start. Fortunately, business investigation services can help streamline investigations and provide you with data you need to quickly and efficiently cross everything off on the business investigation checklist. Here’s a list of key tools included in a public and private records database to help you perform a successful and thorough business investigation.

How to investigate a business with a public records database

The first step in any business background investigation should be verifying that the people involved are who they claim to be. Even if someone isn’t intentionally stealing another person’s identity, the sheer amount of information that is shared online can make it easy to mix up people.  When you use a public and private records database, you can match names and contact information with a variety of other different records, like address history and utility listings data, to perform identity verification and authentication. This helps you ensure you’re performing background investigations on the right people and that no one in the business is committing fraud of any sort.

Use a business credit report to perform business background investigations

Aside from looking at individuals, you need access to business records and information on a business’s history in order to perform a thorough business investigation – and that data can be found with a business credit report. A business credit report can show you the entire business profile including parent companies, the number of employees and how long its been in business, as well as its payment history, creditors, debtors, loans, assets, and credit risk, so you can perform better due diligence and feel confident that you have a full picture of a business’s activity.

Acess a criminal records search for better business investigation services

One of the most important factors to look at in a business investigation is any history of criminal activity. If someone involved in the business has been convicted of fraud in the past, you need to be aware of this in order to minimize the risk of potential problems occurring later on down the road. A criminal records search in a public and private records search engine provides you with comprehensive criminal records, including arrest records, court conviction records, department of corrections records, and more, to help you gather a full picture of someone’s past You can also get real-time incarceration information in order to ensure you’re up-to-date on any new criminal activity that may occur while the business investigation is taking place.

Use a social media search to build a thorough business investigation report

Public records can tell you a lot about who a person is and their history, but sometimes you may need to dig even deeper to gather a full profile on someone – and this is where a social media search can help. A social media search not only pulls information from traditional social network profiles, but it can also help you find business websites an individual is affiliated with, as well as web mentions, blog posts, and latest news about a person. This can help you build a web of connections for people involved in a business, or help you determine if they have engaged in any harmful activities in the past. 

In any business investigation, you want to be sure the people involved are being upfront about their finances and assets. Someone may try to hide assets, or they may have a history of financially irresponsible behavior that they’re trying to cover up. In these situations, a public and private records database can help you gather a full profile on someone’s financial history. For example, an asset search can provide you with comprehensive information about a person’s assets, including property records, deeds records, and vehicle ownership. You can also uncover other financial information like tax liens, evictions, civil judgments, or bankruptcy records, to find any potential for risky financial behavior in the future. 

No matter the reason for your business investigation, you want to use the best business investigations services to streamline your work and ensure you’re being as thorough as possible. With a public and private records database like Tracers, you can gather all the information you need to execute a successful business investigation. Ready to see it in action? Try Tracers today.

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