DANBURY, Conn., July 24, 2014 /PRNewswire/ -- Cartus Corporation, a leading provider of global relocation services, has implemented an industry-leading risk management program, Compliance 360®, for its extensive global network of third-party providers who serve Cartus' multinational clients and relocation assignees throughout the world.
The implementation of Compliance 360 echoes parent company Realogy's keen focus on ethics and risk management, and reinforces management of the global network by the Cartus supply chain function. The system enables Cartus to automate and easily document existing monitoring and reporting processes, further controlling the inherent risk factors associated with managing third-party vendors. The system tracks hundreds of data points and allows Cartus a view into the global compliance of our service providers.
"The focus of supply chain management at Cartus is to ensure that our clients are working with the highest quality vendors," said Mike Brannan, Cartus senior vice president for supply chain management. "These firms have not only met, but exceeded rigorous scrutiny to become a part of the Cartus Global Network. Compliance 360 is an invaluable tool for us; it ensures a reportable, trackable, 360-degree view into the suppliers in our Network."
Respondents to a 2014 Cartus survey rated compliance among the top challenges of global relocation programs, up 12 percentage points from just two years ago.
Compliance 360 provides a number of benefits to Cartus and its clients, including:
- A centralized approach to managing supplier information and risk assessment
- Comprehensive assessment of supply chain risk factors
- Country risk ranking
- Profile assessments
- Annual compliance certification
- Background check practices
- PII/System compliance
- Easy to access dashboard and robust, automated reporting
- Prospective supplier data collection and reporting to facilitate bids for worldwide service
Cartus is also introducing a new contract management system developed by SAI Global. The integration of supplier compliance profiles with a robust contract management tool provides Cartus with cutting-edge technology to manage third-party providers.
Compliance 360® is a registered trademark of SAI Global, a publicly listed risk management, standards compliance, and information business that developed the Compliance 360 platform.
About Cartus
Cartus provides trusted guidance to organizations of all types and sizes that require global relocation solutions. Cartus serves half of the Fortune 50. We provide service in more than 165 countries, applying our more than half century of experience to help our clients with their mobility, outsourcing, consulting, and language and intercultural training needs. Cartus is part of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. To find out how our greater experience, reach, and hands-on guidance can help your company, visit www.cartus.com; read our blog at www.cartusblog.com; or click www.realogy.com for more information.
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SOURCE Cartus Corporation