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Businesses and organizations requiring the services of multiple contracting companies expend thousands of dollars annually to manage their internally generated lists with varying degrees of success. In the attempt to adequately manage risk, companies take a lead and set standards to which vendors must adhere, allocate company overhead and employees to the task of reviewing individual vendor files to ensure files are complete, accurate and updated. The complete process, sometimes requiring multiple full-time employees, is a labour intensive activity and a major cost centre that can hinder financial performance of whatever business unit it falls under.

The Quality Control Vendor Certification (QCVC) System was created by Cambridge Solutions Inc of Cambridge Ontario in partnership with QuickContractors.com Inc and is an alternative to the traditional method of vendor certification. In comparison to current practices at many organizations, the QCVC System will offer businesses a more comprehensive and up-to-date vendor list that has enhanced document visibility and increased risk management while providing a significant cost savings. The system is upgradeable and expandable to suit the desires of the business in terms of facilitating the discovery and reporting of any level of depth and breadth of vendor information. The QCVC system has already been adapted by a number of large organizations in Canada including a large University in Southern Ontario and one of the largest School Boards in Ontario. QCVC is in the process of implementing this solution into numerous other organizations over the next calendar year. For more information in regards to the QCVC process please click here to contact us.

To learn more about third-party qualification, read this article.

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