Why should government agencies and private sector use Laisar for measuring and managing their supplier diversity goals when they can just do it themselves?
Diversity compliance can be an incredibly cumbersome task. It requires significant manpower to review an organization’s transaction data, check for errors, monitor diversity spending progress, and answer questions from suppliers and Prime Suppliers. Laisar can perform all of these diversity compliance tasks accurately and in a cost-effective manner, by utilizing our experienced staff, field-tested workflows, and our robust diversity reporting management software application, the Contract Performance Information Tracking System (CPITS).
By using our services, clients will get timely and accurate results (we have a reporting accuracy of over 99.5% when audited by external-third parties), at a more cost effective pricing than most parties can do internally.
What makes Laisar better than other compliance systems/budgeting systems?
Laisar utilizes a heavily automated workflow that is constantly checked for errors by Laisar project staff and technology experts. Our Development/Operations and business process knowledge environment allows us to achieve accuracy levels higher than many of our competitors.
Many systems are unable to deal with complex relationships with various tiers of suppliers, where one supplier serves as a prime supplier in one situation and a tier-2 supplier in another. Often, systems improperly deal with these situations by undercounting or over counting spend data. Laisar’s CPITS has been refined to the point where it can handle the most complex of relationships between suppliers, which allows information to be reported accurately and efficiently.
If there are no government required diversity compliance policies in place, why should companies track this data?
Although it may seem burdensome to track data, companies have much to gain by doing so. Not only will they improve their standing with the public, as they receive positive feedback from local communities, they will also be able to show government agencies a real commitment to diversity matters that will give them an edge over competitors on large-scale government-funded projects.
We have developed a set of unique processes to ensure regulatory compliance for corporations that must be responsive to government mandates that are applicable to local, small business, minority and woman owned companies.
The Laisar systems approach to “compliance management” provides client management with a unique set of tools to ensure alignment with operational realities thus increasing the opportunities to maximize efficiency.
Impact of our services
1. Organizations reduce costs, reduce waste and errors and improve productivity
2. Organizations gain maximum value to management of programs and projects, developing partnership, trust and reliability
3. Organizations increase teamwork, capacity building and reach goals according to the needs of the client, their customer-base and human resources.