WhitePaper Archives - Accuverse

Why you shouldn’t settle for outdated background checks anymore

admin — Mon, 12 Feb 2024 11:55:16 +0000

Why you shouldn't settle for outdated background checks anymore

Tech Powered BGV Changes Everything!

Conventional methods have long hindered companies from realising the ultimate potential of BGV. However, businesses are now refusing to settle. Across industries, a transformative journey is underway. A new era of BGV, marked by heightened efficiency, accuracy, and speed in the screening process. If you’ve yet to embark on this evolution, this material is for you.

In the new normal: Digital transformation propels employee background checks forward. 72% of companies acknowledge that technology assets and tools have made BGV smarter, faster, and significantly more accurate. (Source: Economic Times)

Upgrade to the future.

The global pandemic has introduced uncertainty across sectors, prompting businesses to diligently adapt to the new normal. As the magnitude and depth of frauds expand, there emerges an enhanced focus on redefining human capital risks. Adoption of technological tools will be the game-changer.

According to a global survey, companies worldwide are racing against time, with 68% prioritising speed in screening, and 49% emphasising accuracy. This has fueled the adoption of tech-powered BGV. Companies unapologetically seek higher accuracy, reduced application dropouts, and quicker TATs. Not to forget, compliance.

The transition from slow and clunky traditional manual processes to digital BGV signifies a significant leap in HR. This shift is driven by some alarming statistics: A global study reveals that a 57% surge in discrepancies has been caused due to human error. (Source: Indeed)

Time for robust and automated verification systems is now.

Tech-powered BGV changes everything.

Take this case: Previously, Address Verifications relied heavily on physical checks. It used to be more detective work than BGV. However, a recent breakthrough introduces Digital Address Verification (DAV) solutions as true showstoppers. With DAV, companies can seamlessly verify a candidate’s identity and address in real-time across any part of the country. This process utilises image recognition, GEO-tagging coordinates, and face match technologies, all completely automated, 100% digital, and accessible through a smartphone. This is just one of the many examples.

It’s time to change gears: Accuverse’s Tech-Powered Solutions.

Accuverse harnesses the power of technology for real-time verification, accelerating the process, eliminating human error, ensuring secure data exchange, enhancing the candidate experience, and effortlessly scaling to meet high-volume hiring demands. Clever. Reliable. And breathtakingly fast.

Cherries on top: Not only do you receive real-time results with zero human errors, but you also reduce labour and logistics costs, enhancing operational efficiency. Viola!

Contactless

100% Digital Screenings

Superfast

TAT reduced from months to hours

Accurate

Real-time results with zero human errors

Automated

Streamlined data flow

Integrated

Covers 360-degree business objectives

Secure

Access control, data encryption & full compliance

As the legend goes, there is more to mitigating human capital risks than meets the eye.

While technology has undoubtedly automated processes, the necessity for a reliable partner well-versed in the intricacies of BGV remains paramount for businesses.

Understand this: While technology automates and expedites checks, companies also require a reliable partner capable of conducting holistic business analysis and providing tailored checks for their diverse objectives (dual employment, eligibility for directorship, etc.). Technology alone isn’t enough.

Hence, Accuverse: We go beyond the vendor-client relationship.

At Accuverse, we are led by risk intelligence, cognizance of human capital, and supremacy in technology. Our tech-powered solutions analyse extensive data sets, identify discrepancies, and provide fast real-time results, minimising hiring process duration and ensuring the onboarding of authentic candidates. Additionally, we tailor our screenings to align with your diverse business objectives — the real 360-degree approach. Technology-driven but smarter.

HRs must introspect: As technology becomes accessible to all, the likelihood of discrepancies increases. Combating fraud is a constant challenge. The demand for smart solutions will only grow with increased digital adoption and trends like remote working. Companies have no patience for slow and cumbersome verification processes. They are compelled to resolve tech challenges with tech solutions. Accurate, safe, fast — companies want it all, and they want it promptly.

Upgrade to the future with Accuverse.

Let us assist you in analysing your business objectives and recommending tailored checks.

Get in touch for a seamless transition to advanced, tech-driven solutions.

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The post Why you shouldn’t settle for outdated background checks anymore appeared first on Accuverse.

5 Reasons Why Accuverse Wins At Providing Accurate Checks At Breakneck Speed

admin — Fri, 10 Nov 2023 09:54:47 +0000

5 Reasons Why Accuverse Wins At Providing Accurate Checks At Breakneck Speed

1. Sluggish Is Not Our Archetype

In the idleness of not adapting — most companies are ignorant about letting technology take over. Verification companies rely on references, municipal records, and gut instinct to uncover a candidate’s past. Ergo, background verification is more detective work than data analysis.

At Accuverse, we have revolutionised recruiting and onboarding across sectors by embracing futuristic processes to mitigate risks in real time. Steady but not slow.

Why this matters: 72% of HRs agree that technology assets and tools have made employee background checks more accurate and faster. (Source: Economic Times)

Our automated processes validate candidate identity through a list of identifiable parameters like IDs issued by the government — combined with technology driven connected systems that verify across thousands of databases simultaneously and give speedy results in no time.

2. The Difference of Common v/s Proprietary Knowledge

What is known to all is as good as known to none. We see what you can’t foresee.

Going beyond common knowledge, we never function in one dimension. Accuverse possesses proprietary technology platforms, designed on our supremacy in risk intelligence and the cognizance of human capital. As a result, we are able to secure your entire business journey — your employees, vendors, partners, merchants, third parties, or any other touchpoint to which your company is exposed.

By customising checks based on your unique business objectives, we protect you from snowballing into problems you never saw coming. Technology driven, but smarter.

3. We Do Not Let Employees Outsmart Verification

In 2014, a Florida based IT Firm was ordered by the court to pay a hefty compensation to a client who sued one of their employees for misconduct during a meeting. Testimony at the trial revealed that the company had failed to conduct background verification on the accused employee, who had been fired from three previous jobs. (Source: SHRM)

Background checks in India have numerous complexities involved. Most databases contain insufficient and poorly composed data. Results are often sent too late when the candidate has already been hired. Companies too are obligated to give them the benefit of the doubt in order to avoid losing good talent.

Accuverse provides checks that are technology backed, come in fast, leave no room for errors, and cover all business aspects. You lay down the law and you get an edge.

4. We Know There’s More To Mitigating Human Capital Risks Than Meets The Eye

The umbrella covering human capital risks is broad. While most verification companies operate on the surface, they fail to anticipate the risks unprecedented.

A fine example: After 2020, sectors like IT, healthcare, pharmaceutical, FMCG, and manufacturing have gone aware of the basic background checks. However, what they couldn’t anticipate is that 51% of employees belonging to these sectors, on average, indulge in moonlighting. (Source: Indeed)

Why it matters: Because there aren’t adequate processes in place to detect moonlighting, businesses fail to mitigate risks such as data protection, employee alienation, low productivity, and revenue loss.

Accuverse has designed its solutions in a way that companies are able to adapt to their employees’ behavioral and moral shifts. Our well rounded background checks help you get more visibility of your people, foresee red flags, and assure compliance. We call it, mitigating human capital risks in more ways than one.

5. Even After All of the Technology Talks, We Are Still Human Oriented People

While our smart processes automate data validation reducing the time spent on human intervention and minimising the risks associated with human oversight — we are not in the race to be the biggest technology enabled company.

We are your risk mitigation partner helping you foster trust in your business by leveraging our deep domain expertise and our genuine value systems. We are good people to work with and experienced, needless to say. We are transparent in our processes and we value your vision to create a safe business for yourself and those who work with you.

As Lawrence Bossidy said — At the end of the day, you bet on people, not on strategies.

Let's make your relationships credible.

Why us? Because we see what you can’t foresee.

Welcome to a reliable world. Where nothing goes unverified.

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