How many third-party contractors and vendors does your company employ? Could you say without a doubt how many contractors and vendors working with you are fully compliant with your contract? If you would have to do some research or do not know, you should consider implementing a contractor auditing program.
Build an Auditing Process
If you manage vendor compliance in-house, you should have a person or team who is dedicated to the task. Use routine audits that follow a documented process that can be internally audited from time to time as a form of checks and balances.
This process should be reviewed from time to time for any changes that are necessary due to changes in the work process.
Use a Tracking Tool
You will need to develop a tracking tool or use a third-party national compliance management service. If you don’t have your records, you are not compliant so tracking, storing and categorizing documents proving compliance is a must.
To make this process easier for our clients, CNet developed CTrack, our software that allows you to view a chart with current compliance levels from individuals to the whole company. Combining this with trained auditors ensures that compliance is well managed. Whether you use a program like CTrack or build processes internally, using technology to create a compliance tracking system will help you to conduct your audits with the level of detail and organization they require.
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