b-pack Expands Vendor Management Offering to Optimize Risk Management with Vendor Certification Capability
b-pack, the leader in purchase-to-pay technology, today announced its Vendor Management solution is consolidating its Vendor Certification process. This solution, available in the Cloud and On Premise, helps companies to optimize their Risk Management, thanks to innovative features such as Scorecarding, Automatic Alerts and Purchase-to-Pay integration.
- (1888PressRelease) February 21, 2012 - b-pack has added a Vendor Certification capability to its Vendor Management solution, contributing to companies competitiveness in this challenging economic context.b-pack's current vendor certification process provides organizations with better risk management, an important element mandated by regulations such as the Gramm-Leach-Bliley Act in the U.S. and the Federal Data Protection Act or Bundesdatenschutzgesetz (BDSG) in Germany.
b-pack enables companies to proactively monitor vendor certification and performance by driving compliance with their procedures and policy, avoiding issues impacted their business such as delivery disruption or failure. In order to select the right supplier, b-pack makes sure all pre-registered vendors have the ability to answer company's requirements by capturing information about their certification and other key information needed.
When a vendor is selected and authorized, b-pack optimizes the risk management by ensuring the company keeps its certification based on the selection criteria. Thanks to its score carding capability, b-pack can check multiple criteria in order to drive compliance and guarantee performance. In order to track the certification of all type of industry, b-pack can manage multiple certifications such as ISO certification, Six Sigma, DODD and CE mark.
With b-pack, businesses can consolidate long-term relationships with preferred vendors and minimize supplier risk. b-pack constantly ensures vendor certifications are up to date through effective controls and renewal process improvements. When a certification is about to expire, the application automatically send alerts to notify both the company and the vendor. As a result, the vendor can update its certifications on time by sending the new documents to its client. In case a vendor does not update its certification on time, the system will automatically unauthorized the vendor. The vendor will be authorized again when updating its certification.
About b-pack
b-pack, the leader in Purchase-to-Pay technology, is ranked as a Top 5 eProcurement Vendor by Gartner Research in 3 categories. b-pack enables companies to automate, optimize and save on their purchase-to-pay processes. b-pack's Saas Cloud solutions are flexible, customizable on demand and easy to integrate with your ERP or any system. With offices in North America and Europe, b-pack has global reach to meet companies management needs. For more information please visit http://www.b-pack.com or call 404.602.0102.
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