Chicago, IL; November 25, 2019 – ComplianceXL, the compliance solutions division of Enventure, today announced that they were awarded a contract to manage CMRT compliance documentation, training and data maintenance, by a global leader in automobiles and automotive parts. The multiyear contract is designed for the client’s compliance with the CMRT regulation, towards procuring 3TG materials involved in the production.
The client is one of the largest manufacturers of automotive parts for major automobile manufacturers worldwide. The client is known for innovative technologies that are designed to lower energy consumption by electrifying powertrains, optimizing overall thermal management and improving aerodynamics. Their innovative solutions in smart mobility, with a focus on intuitive driving and reduces CO2 emissions.
The client has a wide array of materials sourced from suppliers across the globe, most importantly the materials such as Tin, Tungsten, Tantalum, and Gold (3TG) for the components manufacturing. The major challenge for the client arrived was whether the material sourced is from an approved smelter as per the RMI list, and the country of origin is as per the CMRT developed by RMI.
The efforts of having a holistic team to source collect and validate compliance data from suppliers across regions and time zones was becoming a hurdle each day. The availability of a multilingual supplier engagement team, readymade reference database, data sourcing capabilities across varied time zone and compliance platforms were major reasons for the client to choose ComplianceXL to manage CMRT. ComplianceXL will set up a dedicated team of Compliance experts and devise a data documentation framework to sourcing, gathering and validating compliance data. The team is empowered with an AI-based proprietary tool to manage all documents at the central repository and later integrated into the client’s ERP and CMMS systems. As quoted ComplianceXL’s dedicated multilingual supplier engagement is formed in such a way that, our clients don’t have to worry about Compliance Documentation. The tool provides real-time visibility of data collected and gives a competitive edge to communicate with suppliers with fewer troubles in contacting suppliers. This tool will enable the client to improve focus on business processes and continuity by freeing their resources for other organizational needs. The client will benefit from a more secure, scalable and agile documentation solution that is more cost-effective than setting up and managing an internal team. As quoted by C. K. Bharathan, Head – Compliance Solutions, ComplianceXL.
ComplianceXL is the Compliance Solutions Division of Enventure, a leader in the compliance business since 2003. ComplianceXL is a one-stop solution for all supply chain compliance requirements, ranging from consulting and training to software deployment and compliance documentation. By implementing a transparent and well-structured compliance program, ComplianceXL enables clients and all key stakeholders to follow an integrated process, to meet obligations. Beyond an initial implementation, also provides ongoing support to comply with all regulations by keeping you updated with the latest directives.