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ComplianceXL - Compliance Reporting Software
The success of every compliance reporting is determined by whether an organization is able to generate compliance reports for every product of theirs, backed up by required documentation. While some organizations may be using the Compliance module within a PLM system to store the documentation and create roll-up reports, other use standalone compliance management platforms.
We provide support to companies that need assistance with product-level roll-up reports, and we can deliver this in multiple ways. If the Client is already using a compliance reporting software, we can assist in generating reports from within that software, as well as close any data gaps that may result in incomplete reporting. In cases where the Client does not have a dedicated compliance software or PLM module, we provide on-demand compliance reporting solutions, which is a scalable and flexible solution for companies in the SME segment.
Our Compliance Reporting cover:
- Custom report format creation
- On demand Report generation
- Closing gaps in reports
- Managing customer requests for compliance reports
Compliance management and reporting requires strong domain knowledge and experience, as regulatory complexity increases over time. As the operations of an organization expand, the risk of non-compliance increases multifold. In this dynamic regulatory compliance space, in-house teams find it difficult to manage multiple requirements of various regulations. While some companies may have a lean compliance team, other rely on supply chain or quality teams to manage compliance, making it an extra burden for employees.
Outsourcing compliance support and reporting helps companies meet compliance requirements in an easy and efficient way. While strategic compliance decisions can be taken inhouse, the legwork behind the entire compliance management can be handled by experts who can handle the work efficiently.
Our Compliance reporting software support & services include:
- Report format creation
- Collecting compliance documentation from suppliers
- On-demand Report generation – such as product level roll-up report
- Technology platform for compliance management and reporting
- Managing customer requests for compliance reports
Reduced Total Cost of Ownership – Driving the entire compliance program internally requires dedicated staff, leading to resource overhead costs and program management costs. At ComplianceXL, we provide compliance experts on-demand, to provide compliance reporting services whenever your organization needs it and at a competitive price.
- Focus on Core Business: An important factor that justifies outsourcing is that it enables internal resources to focus on their core business functions. Compliance is essential for a company, and we can enable that – with minimal distraction to your team.
- Strong Domain Knowledge: A good compliance program requires strong domain expertise in compliance, which often may not be available within your existing staff. At ComplianceXL, we give you the choice of having the best compliance experts manage your compliance reporting with up-to-date -knowledge on all global regulations.
- Flexible Capacity: As compliance needs evolve over time, the effort requires also varies for an organization. ComplianceXL offers flexible and scalable engagement models that can suit your varying needs, and helps you avoid increasing fixed costs for cyclical needs.
- Improved coverage: Compliance programs need to engage with suppliers across the globe to collect compliance documentation, such as Full Material Disclosures or Certificates of Compliance.
ComplianceXL has a dedicated team of supplier engagement experts with strong experience in this space, enabling you to maximize the coverage of suppliers and response rates, making the program more successful.