policyIQ expands functionality to accommodate complex Conflict Minerals compliance – All policyIQ Clients reap the benefits!

RCOICOEFor well over a year now, our policyIQ team has been talking about the newly instituted Conflict Minerals regulations, rolled out earlier this year as a part of the Dodd-Frank Act.  RGP took a leading role in developing methodology to help companies comply, with thought leaders and experienced practitioners leading the efforts for many organizations – and enlisted the policyIQ team and product to provide a full end-to-end solution.

Take a look at the press release regarding RGP’s newly launched Reasonable Country of Origin (RCOI) Center of Excellence.

The functionality added to policyIQ allows RGP to be more efficient in our Conflict Minerals projects – but the benefits extend beyond Conflict Minerals impacted clients.  While some features are currently very specific to Conflict Minerals, the overall performance enhancements impact ALL policyIQ clients.  Even the more specific features lay the foundation for great things in policyIQ in other areas.

Here’s a look at what we’ve been focused on for the past two months:

For some organizations, this survey process may include tens of thousands of suppliers and hundreds of thousands of part-level responses.  The existing functionality of policyIQ worked for this process, but it wasn’t optimized to handle the volume or to automate the complex validation that was required.

Our policyIQ development team and our Conflict Minerals practice leaders met to discuss what was needed – and within weeks, we had enhancements to accommodate this end-to-end process more efficiently and more effectively than any other product on the market.

The enhancements built into policyIQ include:

  • Launch electronic surveys to all suppliers, with the capacity to handle well over 10,000 suppliers
  • Incorporate within those surveys a variable number of part-level responses.
  • Confirm completeness and reasonableness of part-level responses to ensure a complete reply prior to survey submission.
  • Automate the validation of responses, setting a part-level and supplier-level status of Conflict-Free, Not Conflict-Free, or Undeterminable (with alerts for those parts and suppliers that require review or manual validation).
  • Aggregate part-level responses to a single report output, with the capacity to handle hundreds of thousands of parts.
  • Manage communications to suppliers via automated reminders, with HTML formatting and a schedule established by the client.

We’re looking forward to being able to apply this same focus and energy to other areas of policyIQ in the next year.  Just wait to see what we have planned for you next!

This entry was posted in Features, Solutions by Chris Burd. Bookmark the permalink.

About Chris Burd

Chris is the Managing Director of the policyIQ group at RGP. She gets geeky about compliance and technology, and gets to spend every day working at the crossroads of the two. With policyIQ since 2005, Chris has worked with hundreds of policyIQ clients to implement technology and enhance their internal compliance environment. In the past few years, she's focused on enhancing policyIQ's offering as a Conflict Minerals and Anti-Corruption tool. In past lives, Chris worked as a system implementation consultant, a e-commerce specialist, a customer service call center manager, and - for one short but memorable summer during high school - a machine operator on midnight shift in a plastics factory. In her free time, she spoils her nieces, volunteers at her local food bank, and spends more time than she should taking photos of her cats. She would like to be a rock star when she grows up.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s