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C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
ASSENTCOMPLIANCE
MATT WHITTEKERMANAGER –BUSINESS [email protected]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHAT DO WE MEAN BY COMPLIANCE AUTOMATION?•Usingacombinationofsoftwareandorservicestotaketheworkloadoff
internalstaffandonloadthemtoasoftwareplatformorserviceprovider.
EXAMPLES: •Automaticallyqueryingyoursupplychainwithacustomcompliance
surveyorwizard
• Scheduling or managing compliance related tasks with a CRM“ComplianceRelationshipManagement”tool.
• Being able to run real time reports to see completion statuses forRoHS,REACH,CM.
•Using3rdPartyRegulatorySupportorDataCollectionSupport.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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THE GOALS OF COMPLIANCE AUTOMATION:•Thegoalisnottoreplacecurrentcompliancestaff.
•Thegoalistomakethecompliancestaffmoreefficientandmoreeffective.
• Savetime,SaveMoney,IncreaseRecordKeepingEffectiveness,NoSinglePointsofFailureinmissioncriticalareaslikecompliance.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHEN IS COMPLIANCE AUTOMATION RIGHT FOR MY COMPANY? •Whentheincrementalcostofanewhireishigherthanthecostofanautomationsolutionwhichwill
providemorevalueandbenefitthanasingleresourcecould.
•Whencurrentresourcesarebecomingoverwhelmedoroverburdenedbecauseoftheexpandingregula-torylandscape
•Whentheneedarisesforscalabledatamanagement,collectionmechanismsandreportingfunctions
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHEN IS COMPLIANCE AUTOMATION RIGHT FOR MY COMPANY (CONT’D)•Cost/BenefitAnalysisandROI.AComplianceManagementSystemcanstartat~$1000/mthwithsaya
$5000setuponetime.Thisisforsmallerdivisions,1-2users.
•Totalcostofownership~$13k/yearover5years=Ifthesolutionsaves1person8hrsaweekin(reporting,taskmanagement,datacollectionEtc.)thecostisworthitinhourssavedalone.
LESS TANGIBLE BENEFITS: •Moretransparent
• Easiermaintenanceoftheprocessifkeypersonalleave
•Ondemandsupportfromserviceprovider(dependantonserviceprovider)
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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COMPLIANCE SOLUTION AND SERVICES VS THE COST OF A FULL TIME HIRE?CASE STUDY > JOB POSTING FROM MONSTER. CompanySize200MMarketCap
OUTLINE:• PostingwasforaComplianceManagementPosition|Salary:$75000.
•Tasks:PolicyDevelopment,SupplyChainCommunication,EnsureCompliancewithRoHS,REACH,ConflictMineralsandothersalientregulations.Developprocessesforcompliance.Providedknowledgetointernalstakeholdersoncomplianceandregulations.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
ASSENTCOMPLIANCE
COST OF ASSENT VS FULL TIME STAFFFULL TIME STAFFAvg. Base Salary: $70,000Overhead:~50%Total/Annum: Approximately$105,000
ASSENT COMPLIANCE WITH EXPERT SUPPORT:Assent Software Suite: (Reach/RoHS/ConflictMinerals)Includes:Setup,communicationportal,reportingtool,TurnkeySupportandfullsoftwarepackageSet up: $10,000-$30,000(basedonERP/PLMintegrations.BOMimportEtc.)Monthly Subscription: $3,000*
*Includes Turnkey Support for Data Collection, Validation from Supply Chain for up to 750 suppliers + Reporting.
Total Cost of Ownership 3yrs–AssentSoftware+SupportServices:$118,000Total Cost of Employment 3yrs –FTE+Overhead:$315,000
Cost Savings with Assent: $197,000
Note: Costs can range based on setup complexity, required customizations, in-tegration, number of suppliers, business units and scope of the project.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHAT ARE THE BENEFITS OF A “TURN KEY” PROGRAM?1. Leverage Huge Economies of Scale –LeveragePublicData,AComplianceRelationships?
2. Leverage Expert Staff without the Full Time Cost –ExpertRegulatoryKnowledgeisneededforbuildingacomplianceprocess,intermittedquestionsonceitsimplementedandforreview.Maynotneedsomeoneatthispaygradefulltime.
3. Leverage Data Collection–HireHighLevelStafftododatacollection?Hiremoreresourcesfordatacollection?ORUseacombinationofautomationandondemandsupport.
4. Best in Class Software –BuiltByComplianceManagersForComplianceManagers.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHY IS COMPLIANCE BECOMING MORE MISSION CRITICAL THAN EVER?•Complianceisbecomingheavilyassociatedwithbrand
•WallStreetaswellasMainStreetPuttingValueonComplianceandSustainability
•AppleandIntelBeatingtheStreet.ShareValueUponCMandSustainabilityAnnouncements.
• “HowDidAppleGain8BinMarketCapin1DayThroughCompliance?”
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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HOW ESTERLINE CHOSE COMPLIANCE AUTOMATION?Aerospace Firm–50+OperatingLocations.4Divisions–25+Brands.Market Cap–3.3B
Challenges:•Requirescentralizedprojecttocover50+operatinglocations
• Heavydatacollection–materials&suppliers
• Communicationwithhundredsofsuppliers&follow-up
• ITheavy
• Beyondthescopeofcurrentstaffingandsystems
• StartwithConflictMineralsbutneedtoexpandtoREACH/RoHSEtc.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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Strategy for Esterline:• Teamwasformedtoreviewprocessandestablishgoforwardplan
• Processmapestablishedtodefinerequirements
• Strategywasdevelopedrecognizing:
» Magnitudeofworkstatement(electroniccomponents)
» Varianceindatabases
» Workloadatbusinessunits
Conducted a RFP – 8 Service Providers. » SeeEbook–SelectingAComplianceVendor101.
This is Esterline and
Assent’s
Reaction to Non C
ompliance.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
ASSENTCOMPLIANCE
HOW DID BONTON GET TO 100% CONFLICT MINERAL COMPLIANCE IN 8 WEEKS?• 1InternalTeamMemberWorkingontheAssentPlatform+AssentSupportTeam.
• ~300Suppliers
•UsedTheAssentAutomatedPortal/WizardtoCollectData
•Automatedresponses~50%
•Remainingsuppliers–FollowUpEmail–PhoneCall.ResendDataRequest
• 90%within7weeks
• 100%Completewithin8weeks.
•DataAnalysisandMaintenancePhase.
• Total Costs—LessThanCostofaNewFTE.
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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LIFECYCLEBEGIN S
In the design phase you want to ensure you are selecting compliant parts
Post design the proto type might go to a test LAB
The need arises to inspect, audit factories to ensure compliance standards being met.
Compliance in 2014 has 4-5 phases. Do you have a platform to manage everything?
Once the item is in production: New Social Laws Might Emerge? Conflict Minerals, Responsible Sourcing
COMPLIANCELIFE CYCLEMANAGEMENT
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
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WHAT’S NEXT? •DecideifComplianceAutomationcouldbeafit
•DemoComplianceAutomationSolutions
•DependingonComplexityRFP?
C U S T O M S O L U T I O N S F O R C O M P L I A N C E [ R E A C H | R o H S | C P S I A | R S L | P R O P 6 5 ]
I N F O @ A S S E N T C O M P L I A N C E . C O M W W W . A S S E N T C O M P L I A N C E . C O M T E L : 6 1 3 . 2 9 0 . 8 0 4 4
ASSENTCOMPLIANCE
QUESTIONS?PleasesubmityourquestionsinwritingusingtheQ&Atoolalongthetopmenutoolbar.
Any questions not addressed during the Q&A portion of this webinar will be addressed in privatecorrespondenceafterthewebinarandinanFAQdocumentpostedtotheAssentComplianceWebinarspage.
Thanksforattending!
WANT A [email protected]@AssentCompliance.com
