Company & Supplier Compliance

 Managing compliance from and through your supply-chain can be a challenge and a source of tremendous frustration.  Whilst most will readily recognise the need for the business to protect itself from supplier risk, there is a critical need not to impede the on-boarding process for new suppliers and to ensure the procurement function within the business is unhindered by overly-cumbersome compliance processes.

The Emex Supplier Compliance module is an intelligent, workflow-engine enabled solution that helps you to manage risk across your supply-chain in a seamless, integrated and agile manner.  Supplier compliance management just doesn’t get any easier.

Supplier risk extends across a broad spectrum from financial through to sustainable development and product quality.  As a first step in managing these risks, the Emex module provides for integration with and incorporation of a wide variety of data collection sources including internally generated information, supplier-reported data and third party validation and verification services (such as credit reporting agencies etc.)

This collection functionality incorporates risk-triggered notifications to ensure suppliers are not only confirming when they are compliant with the various local and regulatory requirements but have also submitted the necessary documentation/certification verifying their compliant status.  A failure to submit the requisite documentation (for example, a renewed insurance certification) prompts a risk-alert and escalation process which reflects the severity of the exposed risk (as defined by you) and ensures your business remains in control.

Powerful workflow configurability and an intuitive user interface enable you to quickly automate your existing formal internal (and external) risk control systems and supplier compliance programmes. 

Key solution benefits

•  Score supplier risk quickly and effectively

Comprehensive risk-scoring functionality enables you to make a quick and accurate assessment of supplier risk and ensure they conform to internal and external compliance regulations (Corporate code of conduct, EHS, Data Privacy, Legal etc.)

•  Trust but verify supplier compliance status

Automated re-certification processes and insurance-renewal alerts ensure verification of supplier compliance requires little manual intervention thus minimising the risk of errors being made or key compliance obligations being ignored.

•  Improve supplier performance management

Powerful configurability allows you to auto-schedule recurring meetings, assessments and evaluations to help performance monitoring.  Centralised repository enables prompt delivery and enforcement of new supplier guidelines (e.g. on packaging, handling and shipping, contractor authorisation etc.) ensuring prompt adoption of your corporate rules to maximise customer satisfaction.