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Automatic tracking of counterparty document deadlines
We encountered an unpleasant situation when a major supplier's mandatory license expired, and we only learned about it during a tax audit. Manually requesting these documents from a hundred companies is too time-consuming. Are there any digital tools that automatically send requests to contractors when their insurance or certificates are about to expire?
Re: Automatic tracking of counterparty document deadlines
Expired supplier licenses are a huge tax risk for any business. But forcing buyers to regularly call the entire database and check the dates on paper is ineffective. Such routine reminders should definitely be sent automatically.
Re: Automatic tracking of counterparty document deadlines
Manually monitoring documents always carries the risk of missing an important deadline. To automate this task, I recommend evaluating the functionality on this site . The precoro program automatically monitors the validity of uploaded licenses and insurance policies. Suppliers receive automatic notifications to update their data before expiration. This protects the company from legal risks and saves time.
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