Press release from Marketwire
ComplyWorks Ltd. Announces Closer Integration Between ComplyWorks and ADP Procure-to-Pay Solutions(R)
- Combined solution delivers greater visibility into suppliers' compliance status to help buying organizations avoid penalties, and supports electronic invoice submission for a more streamlined payment process -
Tuesday, July 09, 2013
ComplyWorks Ltd. Announces Closer Integration Between ComplyWorks and ADP Procure-to-Pay Solutions(R)08:09 EDT Tuesday, July 09, 2013
CALGARY, ALBERTA--(Marketwired - July 9, 2013) - ComplyWorks Ltd., a global leader in contractor management solutions, today announced it will be delivering tighter integration between the regulatory and legislative compliance management delivered by ComplyWorks and the invoice and payment processing functionality offered by ADP through the ADP Procure to Pay Solutions. With the collaborative solution, buying organizations can know before they approve and settle an invoice whether or not that particular supplier is in compliance. Suppliers, on the other hand, can quickly and easily demonstrate compliance as well as submit invoices electronically, thereby helping to ensure faster invoice approval and payment.
"We are excited to offer our customers a complete compliance and contractor management solution from pre-qualification to payment," says Cal Fairbanks, President & CEO of ComplyWorks Ltd. "Clients and subscribers alike are now able to manage compliance from the start of a job, during its engagement and at its completion, reducing the risk of being exposed to penalties and fines. This work with ADP will allow contractors to invoice electronically upon completion of their work, and buying organizations to check contractor compliance status."
"An existing and growing challenge facing supply chain operations today is the ability to share information around supplier compliance with the payables department that is approving and paying invoices. A disconnect in this coordination could have negative financial implications for organizations by way of penalties and fines," according to Leon Busch, VP & GM of ADP Procure-to-Pay Solutions. "Through this collaboration with ComplyWorks, we aim to deliver increased visibility to the approvers so they can readily see whether or not a supplier is in compliance before making the payment."
ADP® (NASDAQ:ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing and human capital management solutions. Leveraging over 60 years of experience and a global footprint spanning more than 40 countries, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at http://www.adp.com/.
About ComplyWorks Ltd.
Relevant, responsive and innovative: ComplyWorks is a global leader in providing Compliance Management Solutions that help customers streamline contractor and supplier management and supply chain processes. Our solutions automate the collection and monitoring of relevant data, and provide that data to decision makers as actionable intelligence. By listening to our customers-from small and mid-size businesses to Fortune 500 and Global 2000 enterprises in Canada, the United States, Europe and South Africa-we're able to deliver solutions that benefit all stakeholders. The results are stronger relationships between employing companies and their contractors/suppliers, effective risk mitigation, and measurably improved performance in finance, quality, safety, security, environment and other areas. Headquartered in Calgary, Canada, with offices in Toronto, Houston and Pretoria, South Africa, ComplyWorks is actively involved in our communities and is a proud founding sponsor of the Safety in Schools Foundation of Canada. www.complyworks.com
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Weber Shandwick for ADP