"Iron sharpens iron, so one man sharpens another." Proverbs 27:17
SUPPLY CHAIN RISK MANAGEMENT SOLUTIONS
Gain Control of Accounts Payable Processes
MDR’s™ Partner offers a suite of integrated supply chain risk management solutions with a focus on spend recovery and fraud prevention. From vendor master file clean-up to supplier on-boarding and business authentication, to regulatory compliance checks and auditing tools, MDR’s™ Partner optimizes enterprise-wide supply chain efficiency, consistency, and operational savings.
VENDOR MANAGEMENT PLATFORM—Patent pending supplier on-boarding processes surface trends, patterns and correlations between client organization, suppliers, and public records that may be putting client at risk. Creates consistency in the way a supplier is selected, ensuring standardization across client organization, reducing vendor management costs and resulting in more effective supplier relationships. VENDOR MASTER FILE CLEAN-UP—Proprietary technology evaluates numerous fields in the Vendor Master File (VMF) to identify vendors to be maintained, merged, or re-classified as inactive or archived. Results in accurate vendor payments, simplified Prep of IRS 1099s, identification and removal of fraudulent vendors, effective communication with vendors and detailed reporting of expenditures. CARD MANAGEMENT SOLUTIONS—Protects client organization’s bottom line, providing enhanced financial controls around corporate credit card programs. Proprietary technology ensures all cardholders are compliant to corporate policies, providing audit visibility to every transaction on a monthly basis. AP RECOVERY AUDIT SOLUTIONS—Provides comprehensive accounts payable audit solutions to organizations. Proprietary decision-science technology reviews over 30 areas of over-payment exposure to identify, validate, and recover lost revenue. Team of experts recommend Best Practices™ processes for ongoing results. Historical recovery is .02-.05% of annual spend. PRODUCT RECALL MANAGEMENT—Provides client organizations with a proprietary system that manages product recalls in a single platform. Solution automates product alerts, streamlines recall reporting, tracks product performance issues, and increases product quality awareness. Historically reduces recall processing time up to 40%.