We are a shared services organization that supports background screening companies (CRAs).
The background screening industry is dominated by a few technology providers, forcing most Consumer Reporting Agencies (CRAs) to license, learn and operate expensive third-party software. These platforms often require high setup fees, annual lease costs around $50,000, and per-order transaction fees, severely cutting into profits and the ability to be competitive.
We have the software platform, data vendors and service team ready to go, and we do not charge large monthly or annual fees, giving you a competitive advantage as you go to market.
Shared Service Model
CRA’s are heavily regulated and compliant customer service is mission-critical, all while keeping a good relationship with your clients. Having access to a shared service center, where your support team cost is shared among a network of other CRA’s, you will reduce your cost and liabilities, and scale with a fixed percentage on your P&L. This gives you a major advantage in the market as a new CRA.
Seasoned Vendors
Setting up multiple CRA vendors is costly and time-consuming, with smaller CRAs often paying the highest rates for lower volume. This makes profitability and price competitiveness nearly impossible for new CRAs. CRA Syndicate solves this by securing preferred vendor pricing with our network volume.
