Finance | Project Operations, Human Resources, ...

Vendor compliance - insurance

(0) Share

Report

Posted on by bankk

6,603

Hello:

Does Finance have any capabilities to capture and maintain (reports, alerts, emails) around vendors, specifically regarding insurance coverage by the vendor? I've only been able to find certifications attached to vendors. Even then, I was able to find any reports or alerts (outside of creating my own).

Thank you.

All responses (2)

Answers (0)

bankk 6,603 on at

Like (0)

Report

Vendor compliance - insurance

Hi Kevin,

Apologies for the extremely late reply.

Sounds like F&O doesn't have the OOTB capabilities to store insurance and other compliance data. We'd need to customize existing screens (or build new ones) to suit our needs.

How about solutions from third parties? Ideally, we'd want an ISV, fully integrated F&O module, but even a stand-alone system which can integrate with F&O may be considered.

Thank you!
Suggested answer

Kevin Xia Microsoft Employee on at

Like (0)

Report
Vendor compliance - insurance

Hi,

Although it does not provide specific reports, alerts, or emails solely dedicated to vendor insurance. However, there are built-in features and custom options within F&O that can help you achieve this goal:

Reporting: You can utilize the reporting functionality in F&O to create custom reports that retrieve vendor insurance information from the system. You can select key fields such as vendor name, insurance type, expiration dates, etc., and add filters, sorting, and formatting options as needed.

Alerts: F&O offers alert capabilities to monitor changes in vendor insurance. You can set up alert rules, such as sending notifications before vendor insurance expires or triggering alerts when vendor insurance information changes. This allows you to stay updated on the status of vendor insurance and take necessary actions.

Workflow: By leveraging F&O's workflow functionality, you can automate tasks and processes related to vendor insurance. For example, you can create workflows to send reminder emails to relevant team members before vendor insurance expires or automatically update records when there are changes in vendor insurance information.

Best regards,

Kevin