Streamlined Compliance for Minority and Women-Owned Business Enterprises (M/WBE) and More
CherryRoad’s Enterprise Compliance Management (ECM) is a cloud-based solution designed to simplify and automate the tracking of vendors and projects, ensuring adherence to contracts, local and state legislation, and organizational goals (like M/WBE commitments) with ease.
Public sector organizations have a unique opportunity to promote equity and inclusion – like supporting and managing projects involving Minority and Women-Owned Business Enterprises (M/WBE) – but to do so effectively, they must meet compliance requirements that can be tough to navigate.
Key Features:
- Seamless Integration: Integrates with Oracle’s ERP and Supplier Portal, as well as PeopleSoft Business Suite, facilitating efficient data synchronization and management.
- Comprehensive Tracking: Monitors supplier and subcontractor payments, capturing M/WBE classifications, contract amounts, and payment details to ensure transparency and accountability.
- User-Friendly Interface: Provides an intuitive platform for administrators and suppliers, enabling easy navigation and efficient management of compliance data.
- Supplier Collaboration: Enables Single Sign-On (SSO) for suppliers, promoting collaboration and reducing the administrative burden on procurement offices.
- Scalability: Adapts to varying complexities and volumes of supplier data, accommodating the evolving needs of public sector organizations.
Benefits:
- Enhanced Compliance: Automates the monitoring of state-mandated M/WBE commitments, reducing the risk of non-compliance and associated penalties.
- Operational Efficiency: Streamlines processes related to supplier payments and subcontractor management, freeing up resources for other critical tasks.
- Improved Reporting: Offers robust reporting capabilities, providing real- time insights into M/WBE participation and facilitating informed decision-making.
- Cost-Effective: Operates on a low-cost SaaS subscription-based pricing model, making it an affordable solution for public sector entities.
Why Choose CherryRoad’s ECM solution?
With decades of experience in delivering innovative technology solutions, we understand the unique challenges organizations face in managing compliance with community commitments. Backed by our robust reporting tools and exceptional support, ECM empowers your organization to drive meaningful impact while meeting compliance goals.