"The Exigis Vendor Compliance tool has proven to be an effective and integral part of our client's risk management protocols. I have observed the capabilities of this tool and it is very intuitive and easy to use - but more importantly, the long term benefits for users will be more efficient use of risk management resources and more focus on developing longer term, successful vendor relationships." - Michael Yip, Aon Enterprise Risk Management

By automating time consuming administrative tasks, rmCompliance improves validation cycle times and reduces the potential for "unknown" 3rd party liabilities while adding process rigor, control and accountability. rmCompliance shifts the burden of evidencing compliance back to your vendors. With rmCompliance™, vendors' brokers verify the incoming certificates against actual insurance policy information, thereby ensuring improved accuracy and quality control.

"EXIGIS solution specialists worked closely with us to gather project requirements and understand our unique business needs," said Tish Daly, Insurance Manager for Wakefern. "I foresee EXIGIS' vendor compliance solution making a significant and positive impact on how we do business."

Solution Summary
Wakefern, the largest U.S. food retailer-owned cooperative, utilizes rmCompliance to substantially reduce the risk related to third-parties by automating each aspect of the vendor compliance process – from notification to follow up reminders to contract cancellation notifications. In addition, their procurement department is made aware in real-time reports of all requests, their status, and the risk associated with each vendor account.
EXIGIS provides a 360 view into the Procurement cycle.

Quick Facts

• Over 11,000 vendors are on the system
• Over 200 ShopRite stores facilitate vendor compliance through the EXIGIS system
• Real-time reports track vendor compliance company-wide