Contract Lifecycle Management Software for Food & Beverage Industries
The Food & Beverage (F&B) industry faces various regulatory challenges such as ensuring adherence to the ever-increasing compliance requirements for Food and Drug Administration (FDA), United States Department of Agriculture (USDA), & Environmental Protection Agency (EPA). The growing e-commerce sector has attributed to the rise of new distribution channels and F&B companies are always under pressure to minimize the risk of supply chain disruptions and customer dissatisfaction.
The risks of pesticides, cancer causing chemicals in food products, genetically modified organisms (GMO) and large scale food wastage are far too serious. In such a scenario, the food and beverage industry comes under additional scrutiny from various authorities in every market they operate. Here, a contract management solution for food and beverages vertical comes in handy to help the risk officers and compliance officers ensure organization wide efficiency at every step, without letting the policies become a bottleneck in business operations.