One year ago, TRACE launched TRAC, the first global platform that captures, assesses and shares baseline due diligence on organizations and individuals across the supply and marketing chain and assigns a universal ID number (TRAC number) to all approved applicants. A year later, we're celebrating this new approach to due diligence, which has been adopted by thousands of companies and their suppliers and business partners operating worldwide.
Unlike other due diligence platforms, TRAC is not just a database. Multilingual analysts review each due diligence file before making it available to companies to incorporate into their compliance programs with confidence. TRAC uses social media principles to gather due diligence on large numbers of third parties and provides detailed due diligence at no cost to companies. TRAC holders pay just $80 a year. To learn more, watch our 90-second TRAC video