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Up-to-date supplier data essential for businesses due to regulations

Written by ISPnext EN | Nov 5, 2024 1:21:32 PM

There is an increasing need for supply chain transparency within organisations. If not from intrinsic motivation, then certainly prompted by regulators and governments. But what data do you all need from your suppliers and how do you bring this information together in a well-organised way? ISPnext has drawn up a roadmap.

"In particular, ever-increasing legislation, both national and international, is fuelling an urgent need for availability and proper management of up-to-date supplier data," says Maarten de Ru, Director Partners & Alliances at ISPnext, developer of Business Spend Management software. De Ru is referring to legislation around privacy (AVG), cyber and data security (NIS2 and DORA) and corporate sustainability (CSRD, CSDDD and EUDR). "These regulations are becoming more comprehensive and will apply to more and more companies."