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Non-core Activities
Multinational Issues
Cost Reduction
Taxation Consideration and Compliance
Performance Indicators
Risk Management
Multinational Services Providers
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Requirements
Home > Resources > Outsourcing > Requirements

Requirements
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8.
Co-ordination. As part of HD Faculty™'s risk management consideration, from time to time, HD Faculty™ and the authorized provider are required to demonstrate that the supplier of their choice is qualified to manage the supply chain effectively in order to allow HD Faculty™ to maintain a competitive advantage against its competitors and to mitigate all related risks. Nonetheless, where there is a multiple organization structure, prior to commencing the allotted or delegated tasks, the Provider is required to ensure that it is capable of undertaking the co-ordination of inventory, information, processes and capital in respect to the various challenges facing a multiple organization structure.
9.
Auditing, Accounting advice. Where HD Faculty™ engages the services of an independent auditor or an accounting firm, it shall ensure that the authorized provider is capable of meeting and/or exceeding HD Faculty™'s tax and related legal compliance requirements, and that:
 
a.
they have a set of plans in place at their organization, which is being enforced and enforceable at any given time;
 
b.
corporate finance transaction assistance and risk management support is in place;
 
c.
effective utilization of international methodologies and tools are readily available and the assurance that they are being used in accordance with the prevailing laws, statutes, ordinances, rules, regulations, and codes; and
 
d.
communications amongst professionals are effective and reliable irrespective of their geographical location.
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