ReposiTrak Introduces Corporate Social Responsibility Program Management & Reporting Solutions

Rhea-AI Summary

ReposiTrak has launched a new series of Corporate Social Responsibility (CSR) program solutions aimed at helping organizations manage suppliers for diversity and sustainability. The solutions will automate the supplier vetting and onboarding process, addressing the challenges of collecting necessary documents from suppliers. With a network of 105,000 facilities across 100 countries, ReposiTrak enhances supplier compliance and documentation management. This initiative aims to reduce the administrative burden of CSR programs and improve visibility and accountability in supplier diversity and sustainable sourcing.

Positive

• Launch of new CSR program solutions to automate supplier management and documentation.
• Expansion of supplier management features to improve tracking of CSR sourcing and spend goals.
• Support from leading trade associations, enhancing credibility and market trust.

Negative

• None.

ReposiTrak Inc., the industry leader in supplier compliance and quality management, is introducing a new series of Corporate Social Responsibility (CSR) program solutions designed to help organizations attract, vet, onboard and manage suppliers for diversity and environmentally sustainable/ethical sourcing. The new solutions are being introduced as more companies expand CSR sourcing programs, resulting in the enormous burden of collecting documents and certifications from suppliers to substantiate claims and sourcing practices.

These new capabilities help users streamline the challenges of CSR program management by establishing baselines and tracking progress on sourcing and spend goals. This is accomplished by automating the process of recruiting, vetting and onboarding new suppliers, and the document management for validating the claims of existing suppliers.

“Meaningful CSR programs are about setting and achieving sourcing and spend goals that align with a company’s diversity and sustainability values.” said Randy Fields, Chairman and CEO of ReposiTrak. “Unfortunately, many companies don’t even have an accurate list of their current suppliers so baselining and goal-setting for CSR goals is practically impossible. ReposiTrak can automate spend tracking by vetting and validating new and existing suppliers based on their claims and status, cross-referenced to financial reporting for an accurate view of spend performance toward published CSR goals.”

The new CSR features are based on ReposiTrak’s industry leading supplier management solutions for corporate compliance, food safety and risk management. The platform now offers expanded supplier management features, including critical spend tracking and progress report tracking that support a more automated, goal-oriented and measurable approach to a CSR strategy. The new automated features reduce time-consuming CSR program management across industry segments, including food, apparel, beauty & personal care, hardware and housewares.

Linking a network of 105,000 facilities across 100 countries on a collaborative, user-friendly data platform to share critical safety, regulatory and compliance documents, ReposiTrak helps thousands of companies collect, automate, manage and troubleshoot their supplier compliance documentation and verification requirements to continuously enhance the safety and transparency of their brands.

“Before ReposiTrak, the retail industry had a major blind spot for supplier safety and compliance behaviors, which we have helped to solve for a major portion of the supply chain,” continued Fields. “We can now bring that same level of visibility and accountability to supplier diversity and environmental/sustainable sourcing, and at the same time dramatically reduce the significant administrative workload that these programs require.”

As the most trusted quality, safety and compliance solutions provider in the industry, ReposiTrak is exclusively endorsed by leading trade associations and certification bodies including FMI–The Food Industry Association, SQFI, ROFDA and QCS.

For more information on ReposiTrak’s CSR program management solutions, go to https://repositrak.com/compliance-management/corporate-social-responsibility-program-automation/ or call 888-842-5465.

About ReposiTrak

ReposiTrak, Park City Group, Inc. (NASDAQ: PCYG), 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005577/en/

FAQ

What are ReposiTrak's new CSR program solutions?

ReposiTrak's new CSR program solutions help organizations manage suppliers for diversity and sustainable sourcing by automating supplier vetting and documentation processes.

How does ReposiTrak help with supplier compliance?

ReposiTrak links 105,000 facilities across 100 countries, providing a platform for managing supplier compliance documentation and verification.

What is the significance of CSR in supplier management?

CSR programs are essential for companies to align their sourcing goals with diversity and sustainability values, helping them meet regulatory and ethical standards.

What industries can benefit from ReposiTrak's solutions?

Industries such as food, apparel, beauty, hardware, and housewares can benefit from ReposiTrak's automated CSR program management solutions.

Is ReposiTrak endorsed by any trade associations?

Yes, ReposiTrak is endorsed by organizations like FMI, SQFI, ROFDA, and QCS, which adds credibility to its compliance solutions.