Stay ahead of ever-changing product regulations with Kaption. Capture, verify, and keep compliance data up to date - all in one place.
Non-compliance can result in fines ranging from thousands to millions of dollars, with severe cases leading to imprisonment or legal action.
Regulatory breaches damage brand reputation, eroding customer trust and reducing sales. Reputational losses can be nine times larger than the fines, creating long-term financial harm.
Non-compliance leads to product recalls, halted market access, and resource reallocation, disrupting operations, which harms revenue and efficiency.
Regulatory changes can impact product compliance, requiring constant updates to documentation and processes.
Suppliers may provide inconsistent or incomplete information, leading to errors in compliance verification.
No standardised format for compliance data, making it difficult to verify and maintain accurate records.
Compliance data may become outdated, leading to potential legal issues.
Acquire a clear understanding of the rules and regulations governing product compliance. It also involves training your operational team to ensure everyone knows what is required and why it matters.
Gather all necessary documentation from suppliers to prove compliance. Systematically organize ensuring proper maintenance of internal records over time.
Analyze the collected data to spot any issues or instances of non-compliance. Perform due diligence on your supply chain to verify they meet all compliance requirements.
Leverage the verified information to generate labels, issue relevant certificates, and produce sustainability reports. Data can be shared with buyers or published on your website to highlight your product's compliance credentials.