The University uses the Visual Compliance tool to provide dynamic screening of vendors in order to reduce administrative burden, eliminating the need to run screenings periodically, and to provide timely notification of any potential suspension and debarment issues with vendors. Unfortunately, durin...
The University uses the Visual Compliance tool to provide dynamic screening of vendors in order to reduce administrative burden, eliminating the need to run screenings periodically, and to provide timely notification of any potential suspension and debarment issues with vendors. Unfortunately, during the transition from manual screening of vendors to the integration of Visual Compliance with our vendor system, the initial screening in Visual Compliance for this particular vendor, Lambda Labs, appears to have been missed. As the screening for Lambda Labs in VC was run by the procurement office on 8/10/2022, no further action needs to be taken for that vendor. Additionally, in order to address any other vendors which may have missing screening documentation in VC, the University implemented a two-part plan in February 2023. First, the Associate Director of Procurement Systems & Service Operations ran a batch screen on all active vendors missing the screening documentation in VC. Secondly, the procurement office implemented a change in the vendor management tool to place any future supplier transaction on hold where no VC screening exists in the system and prompts Vendor Management to run the screen.