Assent’s New Platform Slashes Supplier Compliance Time by 92%
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Assent has introduced its new Sustainability Platform, a cutting-edge solution designed to streamline supplier compliance and dramatically reduce the time burden associated with data management. The new platform is set to transform the way suppliers handle compliance documentation, boasting a 92% reduction in the time required for supplier declarations.
The evolution of supply chain sustainability
Companies across industries are facing increasing pressure to disclose environmental, social, and governance data, ensure responsible sourcing, and comply with a growing list of global regulations. Historically, managing these compliance requirements has been a cumbersome, manual process, often requiring suppliers to complete redundant documentation for multiple customers.
As sustainability expectations continue to evolve, suppliers must contend with varying regulatory frameworks, including the European Union’s Corporate Sustainability Reporting Directive, the US Securities and Exchange Commission’s proposed climate disclosure rules, and extended producer responsibility legislation in different regions.
Traditional methods of managing compliance have relied on spreadsheets, email-based data requests, and fragmented document storage systems. These outdated approaches have made it difficult for suppliers to track, manage, and share compliance data efficiently. Recognizing these challenges, Assent developed its Sustainability Platform to address these inefficiencies head-on, providing suppliers with a smarter, more streamlined approach to compliance management.
Introducing Assent’s Sustainability Platform
Assent’s new Sustainability Platform is designed to ease the compliance burden on suppliers by centralizing data management, automating key processes, and enabling proactive data sharing. The platform provides a single digital workspace where suppliers can securely store and manage compliance information, significantly reducing redundant data entry and manual effort.
One of the platform’s standout features is its ability to proactively share compliance data with multiple customers at once, eliminating the need for suppliers to repeatedly fill out similar documentation for different companies. By leveraging smart automation, Assent’s platform reduces the time and effort required for suppliers to submit sustainability declarations, ensuring they remain compliant with global regulations while focusing on core business operations.
The platform also integrates real-time monitoring and alerts, enabling suppliers to stay ahead of regulatory changes. Additionally, the system’s user-friendly interface makes it accessible to suppliers of all sizes, from small manufacturers to multinational corporations.
Impact on suppliers
The implementation of Assent’s Sustainability Platform brings tangible benefits to suppliers. By reducing the time required for sustainability declarations by 92%, the platform allows suppliers to allocate resources more efficiently and focus on innovation rather than administrative tasks. The reduction in repetitive data entry also minimizes the risk of human error, ensuring greater accuracy and reliability in compliance reporting.
Beyond time savings, suppliers benefit from enhanced relationships with their customers. With streamlined compliance processes, businesses can demonstrate transparency and reliability, strengthening trust and collaboration within the supply chain. Additionally, early adopters of Assent’s platform have reported improved efficiency, reduced costs, and greater ease in meeting regulatory demands.
By cutting supplier declaration time by 92%, the platform streamlines compliance processes, reduces errors, and fosters stronger supplier-customer relationships. As the demand for sustainability and transparency continues to grow, companies that embrace digital solutions will be better positioned to navigate the evolving regulatory landscape.
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