Improving the future of supply chain mapping: a sneak peek into our software upgrade
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Welcome to a new stage of Factlines in guiding companies towards a sustainable transition. Today, we are launching our upgraded software for supply chain mapping, the Sustainable Supplier Network. It's your one single solution to the challenges of supply chain management and ESG compliance.
In this blog article, we'll introduce you to highlights of our digital tool enhancements designed to provide a better user experience for companies, simplifying processes from supplier surveys to dashboards.
Factlines has dedicated over a decade to making the path to sustainable success accessible to businesses of all sizes. With advanced technology, we provide the tools needed to comply with regulatory requirements and improve ESG (Environmental, Social, and Governance) initiatives. The goal is to make regulatory compliance easier and more time-saving.
A new interface
Sustainable Supplier Network has a redesigned user interface that ensures a smoother, more intuitive experience. It is designed to reduce the complexity of supply chain mapping and increase efficiency, making it easier for companies to comply with ESG-related legislation such as the Norwegian Transparency Act.
Guiding your path to ESG and the Norwegian Transparency Act
Navigating the intricate requirements of the Norwegian Transparency Act (åpenhetsloven) can be challenging. Our software helps on the road to compliance.
The Norwegian Transparency Act requires verifiable information and structured follow-up. If this is new to your business, you will find a good and precise digitally supported roadmap. It ensures that you are on the right track to comply with this important legislation, and you don't have to find out everything in advance in order to do the job.
Effortless communication and better collaboration
One of the many challenges in monitoring supply chains is timely communication with suppliers. Software makes it easier to communicate with your suppliers, giving your business the ability to track responses and identify who is late with their surveys. You'll also be much less dependent on people and won't have to deal with skippers.
Incidents and practices down your supply chain can damage your business in unexpected ways. With Factlines' upgraded software, your team can actively support your suppliers in following up on corrective actions to protect your business. Furthermore, the software allows you to maintain a historical record of all communications, making it easier to track progress and ensure accountability in the long term.
Preparing for 2024: EU Taxonomy Reporting
The future of corporate reporting is evolving significantly with the EU Taxonomy regulation. In 2024, some companies must disclose their alignment with the EU Taxonomy, while others may choose to do so voluntarily. The Sustainable Supplier Network allows customers to integrate with Factlines' upcoming product - EU Taxonomy Reporting - to simplify our customers' processes of complying with the EU Taxonomy.
Factlines: a digital solution for ESG compliance and efficient supply chain management
Factlines recognises the challenges in supply chain management and ESG compliance and offers an innovative digital tool designed to streamline supply chain management while guiding ESG initiatives to a sustainable transition. With Factlines, your company can:
In an era of evolving ESG legislations, Factlines empowers businesses to meet compliance requirements and enhance their environmental, social, and governance practices.
