Smart Compliance allows for the creation of an interactive checklist to ensure that every required document is collected prior to execution of the contract. Each person responsible for uploading documents receives reminders, and the system stores all of the documents.
Many organizations are legally required to gather certifications and proper tax documents from suppliers. Organizations that attempt to manage these complicated processes manually often fall short and leave themselves liable for noncompliance penalties if audited. For example, 92% of healthcare organizations audited for Business Associate Agreement compliance are fined. Smart Compliance provides the tools and the tracking to ensure legal requirements are met.
- Manage and Store Supplier Documents
- Ensure Compliance for Auditing
- Automatically Remind Responsible Parties to Upload Documents
- Collect Supplier Information with Electronic Questionnaires