Supplier B‐BBEE Reminders
Chase will remind your creditors manager to obtain new B‐BBEE certificates from those vendors whose certificates are about to expire. Recording B‐BBEE statuses and certificates is pretty much mandatory for most South African companies these days, so they need to be kept up to date at all times to avoid consequences.
Chase will prompt the creditor’s manager by emailing them a notification that a supplier’s certificate needs to be renewed. It will also display a prompt against the supplier’s record until the certificate details have been recorded.
So you’ll avoid delays doing business with a valued supplier just because their certificate expired.