Avetta, a provider of supply chain risk management software, has partnered with QuadReal Property Group to enhance the company’s Code of Conduct & Ethics data collection through the Avetta One platform, according to a release.
The companies said the partnership offers QuadReal a new tool for relationship building and greater visibility into its supply chain operations.
The Avetta One Platform is a single-source solution for managing operational, reputational and regulatory compliance risks, the company stated. The platform reduces safety, liability, sustainability, workforce, cybersecurity and financial risks for corporations, suppliers, contractors and their workers, and views risks through multi-risk analytics, supplier risk trends and supplier performance benchmarking.
The platform uses almost two decades of data from millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures. The analytics software includes customizable, interactive dashboards to gain insights that help build supply chain confidence.
With Avetta One prequalification, clients like QuadReal are assured contractors meet all compliance and regulatory requirements, including documentation of contractors’ skills and credentials.
“When vendors achieve compliance with our requirements through the Avetta platform, we are confident in the quality and completeness of the information they share with us,” Nada Sutic, vice president, programs and policy at QuadReal, said in the release. “The Avetta One platform has automated a previously manual, time-consuming process, allowing my team to efficiently ensure we have all the necessary information prior to doing business.”
Avetta One provides clients with a quick and comprehensive look into the potential vendor community, a feature which has empowered QuadReal to make timely, educated decisions for onboarding new contractors.
“Avetta has been a very solid and attentive partner to QuadReal,” Sutic said. “While building out our implementation process, we worked very closely to configure it to meet our specific needs. When we had situations where things turned out differently than expected, the Avetta team quickly addressed the situation. They were always ready to collaborate and find the best solution to move forward—for us and for our suppliers.”