Each company faces unique compliance challenges. While some struggle to identify their obligations, others find it difficult to determine how to achieve compliance. Many suppliers today are unable to provide the required compliance data, such as certificates of compliance, declarations of conformity, and full material disclosure. Even when such data is provided, companies must take due diligence steps to verify its accuracy. These challenges can be effectively addressed through ComplianceXL’s managed compliance services, which combine software and services in a seamless solution.
ComplianceXL software is a cloud-based platform that supports all global material compliance regulations and ethical sourcing standards. Our software-driven compliance management system consolidates, verifies, uploads, and updates all supplier declarations in one central database. It streamlines Bill of Materials (BoM) and master data management, allowing users to easily visualize and interact with compliance data. We offer detailed dashboards and reports that provide a comprehensive overview of compliance efforts at the executive level.
We specialize in managing compliance for regulations such as RoHS, REACH, Conflict Minerals, CA Prop 65, IMDS, ESG, and other major global standards. For clients lacking internal resources to manage their compliance programs, we offer the option to hire full-time or part-time Compliance Managers from our team.
Our Fully Managed Solution integrates expertise, consulting, software, services, and reporting. Our compliance consulting and program monitoring services help clients manage and mitigate current and future regulatory risks.
Beyond the initial challenges of understanding “what” and “how” to comply, companies face the daunting task of gathering large volumes of supplier data to ensure compliance. Additionally, they must reformat this data to align with their PLM or Compliance Management platforms. Our hybrid compliance platform is uniquely equipped to handle both standard off-the-shelf parts and custom parts, making our parts coverage best-in-class. Our compliance documentation and reporting program centralizes, tracks, and manages the supply chain, enabling effective risk management and assessment to provide a competitive advantage.
ComplianceXL’s managed compliance solution reduces the burden on internal resources, allowing companies to leverage our expertise, processes, and systems to keep their compliance programs on track. Our compliance experts work closely with organizations to support a range of areas, including gap analysis, compliance strategy, training, compliance frameworks, data collection, reporting, and ongoing maintenance.
FAQs:
1. Is compliance software part of Managed Compliance?
The Managed Compliance Solution is modular in nature and software is available as part of the solution. But it is not mandatory to utilize the platform we provide; if companies have a PLM or other system to manage compliance documentation, we can integrate our solution with such a system either.
2. What are the key components of a Managed Compliance Solution?
Subject Matter Expertise, technology & standards, documentation, reporting, monitoring & maintenance
