Contractor management software is a brilliant way of managing supply chain compliance. Far from the approach of using a dated spreadsheet to manage suppliers, smart software frees up your time, keeps processes transparent and ensures you keep control of your supply chain.
Here we look at six key benefits that you can take advantage of by investing in contractor management software.
1 - Take control
Unlike standard spreadsheets and questionnaires, some software solutions allow you to formulate your company’s requirements and convey these quickly and easily to your suppliers. Introducing requirement changes, for example, is done in a controlled manner, rather than manually checking and approving the newly signed documents for every supplier.
2 – More transparency
Understanding your requirements and communicating these to your suppliers is hard enough without factoring in changes to requirements. Through some software solutions, you and your suppliers can work collaboratively, ensuring mutual understanding at all times of what is required.
3 – Better protection
When things go wrong, you need to be in a position to say why and how they went wrong. Contractor management software can allow you to track everything automatically. Look out for solutions with built-in audit trails enabling you to see the exact status of a supplier from any previous point in time.
4 – Greater efficiency
Managing, assessing and keeping on top of your supply chain's compliance can be very time consuming. Software solutions can release you from the day-to-day managing of the compliance of your suppliers.
5 – Enhanced visibility
Accessing accurate information and up-to-date reporting can be difficult without the right tools. Some software solutions provide a real-time view of compliance, enabling you to check the current and past status of any supplier at any time.
Solution from the world leaders
Altius, the world leaders in supply chain compliance, have launched their Exigo system – designed to specifically manage compliance across the supply chain, providing a real-time, collaborative solution that will scale with your business.
With automated processes and workflows, real-time status tracking and reporting, and ready-made templates to gather supplier information on health and safety, CSR, etc. Exigo can be your complete contractor management software.
- Customisable compliance frameworks
- Automated report generation
- Document control and versioning
- Cloud-based solution
- In-built audit trail
Find out more about Altius Exigo today.