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Vendor Management

TraceGains subprocessors
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Overview of TraceGains
TraceGains is a premier SaaS provider committed to delivering a technology suite that drives innovation through process optimization and intelligent compliance. It offers a workable solution for companies within the food, beverage, and CPG (Consumer Packaged Goods) industries, rapidly accelerating time-to-market while minimizing risk and costs by connecting the supply-and-demand chain in real-time.

Company History
Founded in 2008, TraceGains has disrupted the traditional methods of managing supplier relationships and product lifecycle management. Over the years, it has gained recognition for its proactive approach in enforcing quality, safety, and compliance standards. The firm has set a remarkable pace by providing a networked solution, which enables an enterprise and its entire supply chain to stay smart and year ahead.

Typical Data Processed by the Company
TraceGains handles a variety of data as part of its operations. Key among them are supplier validation documents, product quality metrics, certification status, audit results, ingredient documentation, and other compliance-related details. It provides an easily accessible, central platform for supplier and product information to be stored, monitored, and evaluated, allowing for a holistic view of your supply chain.

Operational Areas
TraceGains operates globally, catering to an international clientele. The cloud-based nature of its platform allows for real-time data sharing and risk management, contributing to a consistently maintained and regulated supply chain across all geographic locations.

Key Features
TraceGains, with its innovative technology suite, provides a range of features including supplier management, quality management, and new product introduction. Their systems offer real-time data visibility, accelerated reporting, and comprehensive dashboards which provide a centralized view of supplier performance, quality metrics, and risk management. Innovation takes center stage with features that enable fast and informed decision-making. The platform’s automation capabilities further reduce manual work and enhance operational efficiency.

Importance of Vendor Monitoring and Comparison
Monitoring and comparing vendors like TraceGains is crucial from a data compliance perspective. Understanding their data handling practices, operational scope, and technological capabilities can aid businesses in selecting the most suitable vendor for their needs. As data governance continues to rise in importance due to increasing regulatory expectations and potential risks, deploying adept systems like TraceGains becomes a strategic choice. This ensures that both data compliance and business growth goals can be seamlessly achieved alongside each other.

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