AllyConnect, a vendor and compliance management technology solution for the Property Preservation and REO space, recently announced it is offering free compliance document management and annual updating automation tools for all registered users of the service.
“Regulations require that the entire supply chain to maintain the proper documentation. There is such a significant compliance gap for the 10’s of 1000’s of BOTG (boots on the ground) Property Preservation contractors, that offering the necessary resources to allow all vendors to maintain their own compliance documentation for free was not only needed, but the right thing to do,” said Steve Salimbas, CEO of Agios World Wide, Inc. the developer of the AllyConnect SaaS technology.
The product offers more than 70 tools and functions that are user-friendly for any size company, this is welcomed news as the challenges of compliance management have been well documented. “Vendor managers will now have the necessary transparency to know their contractor networks from top to bottom are both qualified and highly compliant, while also creating efficiencies to reduce costs. Even when a contractor network is many levels deep,” the Agios CEO said.
AllyConnect believes that compliance is a continually evolving matter and a hot button topic in the financial industry and that this product will help all stakeholders succeed in achieving mission critical processes and regulatory requirements.