STOCK TITAN

ReposiTrak Expands Compliance Solutions with Automated Certificates of Analysis

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ReposiTrak Inc. has expanded its compliance solutions by introducing automated Certificate of Analysis (COA) functionality. This innovation streamlines the collection, tracking, and validation of COAs, which confirm that product batches meet quality standards set by regulatory authorities. By utilizing Optical Character Recognition (OCR) software, ReposiTrak enhances transparency and reduces workload for manufacturers and distributors in managing inbound shipments. The solution is part of a unified cloud-based platform that supports compliance efforts for over 100,000 retail trading partners.

Positive
  • Introduction of automated COA functionality enhances compliance efficiency.
  • Utilization of OCR technology improves accuracy in document validation.
  • Streamlined processes free up time for compliance teams to focus on critical tasks.
  • Unified cloud-based system allows seamless storage and retrieval of supplier documents.
Negative
  • None.

ReposiTrak Inc., the industry leader in compliance and quality management, supply chain and out-of-stock solutions and sourcing, is expanding its compliance solutions suite with automated Certificate of Analysis (COA) functionality that collects, tracks and validates COAs for seamless accessibility to reports and internal tracking records.

COAs are documents issued by quality assurance teams to confirm that finished product batches meet established specifications, as well as those of key regulatory authorities. COAs also verify actual results of product quality testing, including conditions and parameters, ingredient specifications, approval signatures and dates, along with chain of custody information.

ReposiTrak’s automated COA capabilities adds another level of transparency and compliance assurance for manufacturers and distributors by improving the quality and reducing the workload associated with inbound shipment controls.

“Manufacturers and suppliers need COAs from their suppliers to confirm that inbound product shipments meet their quality specifications, but manually tracking, managing and verifying COAs received by email is time-consuming and inefficient,” explains Randy Fields, chairman and CEO of ReposiTrak. “As a result, COA processes fail due to the tedious, time-consuming labor required for manual reviews, which increase the risk of product quality issues.”

ReposiTrak’s COA compliance solution utilizes Optical Character Recognition (OCR) software, which reads and validates the documents against established parameters and generates automatic alerts and notifications when a data field is flagged.

Automating the collection and storage of COAs to limited exceptions places the emphasis on proactive, preventative quality controls for inbound ingredient or product shipments, which Fields says vastly improves accuracy and sharply reduces the burdensome document gathering functions that are tedious yet essential to on-point compliance management.

“Automating COAs adds tremendous value to compliance teams by freeing up their valuable time to concentrate on more pressing priorities required of their roles,” Fields affirms. “We are proud to say that the most widely used quality and compliance management system in the world has even more automation for COAs.”

ReposiTrak COA Compliance resides on the same platform as its Supplier Compliance Management and Active QMS solutions, enabling companies to maintain all their supplier documents and internal quality records in a unified, secure cloud-based system for seamless storage and retrieval.

As the most trusted quality, safety and compliance solutions provider for retail trading partners, ReposiTrak is exclusively endorsed by leading trade associations and certification bodies including FMI–The Food Industry Association, SQFI, GMDC, ROFDA, GRMA and QCS. Linking a network of 100,000+ retail trading partners on a collaborative, user-friendly data platform to share critical safety, regulatory and compliance documents, the ReposiTrak platform helps tens of thousands of manufacturers and suppliers collect, automate, manage and troubleshoot their compliance documentation and verification requirements to continuously enhance the safety and transparency of their brands.

To learn more about the ReposiTrak COA compliance solution, click here.

About ReposiTrak

ReposiTrak provides retailers, suppliers and public sector agencies with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements; enhance operational controls; source and discover new vendors; and increase sales with unrivaled brand protection. Consisting of three product families—compliance and risk management, supply chain solutions and MarketPlace sourcing—ReposiTrak’s cloud-based platform’s integrated applications are mutually reinforcing and work synergistically to create value and positive impact.

FAQ

What is the new feature introduced by ReposiTrak?

ReposiTrak introduced automated Certificate of Analysis (COA) functionality to enhance compliance solutions.

How does ReposiTrak's automated COA feature work?

The automated COA feature uses Optical Character Recognition (OCR) technology to read and validate documents against established parameters.

What benefits does ReposiTrak's new COA functionality provide?

The new COA functionality improves accuracy, reduces workload, and enhances compliance transparency for manufacturers and distributors.

How many retail trading partners does ReposiTrak support?

ReposiTrak supports over 100,000 retail trading partners on its compliance platform.

What types of documents does ReposiTrak's platform manage?

ReposiTrak's platform manages compliance documentation, including Certificates of Analysis and other quality assurance records.

Park City Group, Inc. New

NASDAQ:PCYG

PCYG Rankings

PCYG Latest News

PCYG Stock Data

Data Processing, Hosting, and Related Services
Information
Link
United States of America
Murray