The ROI of Streamlined Contractor Qualification and Management
When an organization’s compliance function is effective, its success is often measured by what didn’t happen. These include lawsuits, damage to reputation, lost business, legal sanctions, and so on. The absence of any compliance-related incident often makes management complacent about compliance.
As a result, companies sometimes reallocate the function’s budget to fund activities that seemingly have a better impact on shareholder value and earnings. But decreasing focus from workplace safety policies carries significant risks.
What you will learn from this white paper:
- How proper contractor management can increase efficiency and decrease spending
- How regulatory compliance penalties continue to change
- What are the costs of an in-house contractor compliance team
- What are the con-compliance fines and associated costs
- How Avetta’s holistic multi-risk platform brings transparency and control to your organization’s contractor management program
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Sponsored by Avetta:
Avetta offers a configurable SaaS-based solution that assists organizations – both large and small – in managing supply chain risk across a variety of disciplines. Avetta is building the world’s most intelligent supply chain risk management network to advance clients’ safety, resilience and sustainability programs. Avetta leads the world in connecting leading global organizations across industries, including telecom, construction materials, manufacturing, facilities management, high tech and energy with qualified and vetted suppliers and contractors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta serves more than 450 enterprise companies and 100,000 suppliers across 100+ countries.