Industry Challenges of Vendor Compliance
Exorbitant Cost
Exorbitant in-house team cost to regulate Vendor Compliance
Lack of Expertise
Lack of Internal Expertise to Regulate, and Control Compliance of the Vendors
Financial Risk
Financial Risk for the company due to Vendor Non-Compliance
Lack Of Automation
Lack of simplified Tech Enabled Systems to ensure Compliance of the Vendors
Poor Documentation
Non availability of Statutory Records of Vendors during Statutory Inspections and Internal Audits
Poor Communication
Disintegration between Operation, Finance, Human Resource, Facilities Management &Legal department
Introducing Compfie Vendor
A tech-driven platform that harnesses power of automation to regulate compliance & control risks of vendors
ADVANTAGES
Thinking beyond the present & seeing beyond borders. We partner with you to deliver long-lasting values
What our platform offers:
Dynamically drives the compliance performance of the vendors
Easy & simplified onboarding of vendors into tech enabled Compliance Processes
Compliance orientation to the vendors through simple compliance tasks & formats
Repository of all statutory records enabling easy retrieval during statutory inspections and internal audits
Online audit of vendor compliance records and query handling mechanisms
System driven triggers,reminders & escalations to drive compliance & swiftly respond to vendor risks
Auto generated compliance certification to finance department for each vendor
Dynamic reporting of vendor compliance through dashboards & comprehensive reports to all stakeholders
