EU Batteries Regulation Compliance Software: Automate Supplier Due Diligence & Avoid Penalties
The EU Batteries Regulation (2023/1542) comes into effect and this means that one of the heaviest compliance guidelines ever will be imposed on battery manufacturers, importers, and suppliers. The regulation lays down a long list of stringent requirements such as extensive due diligence on critical raw materials, making public the carbon footprints, setting recycling targets, and restricting the use of hazardous substances. All this will result in a drastic increase in the operational and regulatory risk of companies that are trading in batteries within the EU.
The old way of compliance working with the manual methods is leaning towards extinction. As the number of suppliers increases, businesses start to have troubles with late declarations, loss of data, not having full traceability, and most importantly, being exposed to more fines, their shipments being blocked, and passing quality audits being even harder now. This is exactly the reason why the compliance software for the EU Batteries Regulation is considered to be a strategic necessity.
Certivo’s platform that is powered by AI takes over the supplier engagement, data on materials and carbon is verified instantly, and product information is mapped in a way that it is always in line with the changing regulations. Moreover, the Certivo platform that uses AI has very smart workflows, does automated follow-ups, and has real-time regulatory alerts and thus, the leadership teams are enabled to cut compliance costs, remove the areas with suppliers that cause delays, and be ready for audits in a large scale.
Specifically built for the CEOs, heads of compliance, and supply chain leaders, Certivo changes the batteries’ compliance process from that of a manual burden into a scalable, risk-controlled one.
Read the full guide here:
https://www.certivo.com/frameworks/eu-batteries-regulation EU Batteries Regulation Compliance Software: Automate Supplier Due Diligence & Avoid Penalties
The EU Batteries Regulation (2023/1542) comes into effect and this means that one of the heaviest compliance guidelines ever will be imposed on battery manufacturers, importers, and suppliers. The regulation lays down a long list of stringent requirements such as extensive due diligence on critical raw materials, making public the carbon footprints, setting recycling targets, and restricting the use of hazardous substances. All this will result in a drastic increase in the operational and regulatory risk of companies that are trading in batteries within the EU.
The old way of compliance working with the manual methods is leaning towards extinction. As the number of suppliers increases, businesses start to have troubles with late declarations, loss of data, not having full traceability, and most importantly, being exposed to more fines, their shipments being blocked, and passing quality audits being even harder now. This is exactly the reason why the compliance software for the EU Batteries Regulation is considered to be a strategic necessity.
Certivo’s platform that is powered by AI takes over the supplier engagement, data on materials and carbon is verified instantly, and product information is mapped in a way that it is always in line with the changing regulations. Moreover, the Certivo platform that uses AI has very smart workflows, does automated follow-ups, and has real-time regulatory alerts and thus, the leadership teams are enabled to cut compliance costs, remove the areas with suppliers that cause delays, and be ready for audits in a large scale.
Specifically built for the CEOs, heads of compliance, and supply chain leaders, Certivo changes the batteries’ compliance process from that of a manual burden into a scalable, risk-controlled one.
Read the full guide here: https://www.certivo.com/frameworks/eu-batteries-regulation