Case Study: Solvang ASA achieves Transparency Act compliance with Profitbase

Solvang ASA uses Profitbase to map 9,000 companies under the Transparency Act

Solvang ASA, a shipping company, faced the challenge of complying with Norway's new Transparency Act, which required extensive due diligence and reporting on its global supply chain. They sought a high-quality solution and turned to their long-term vendor, Profitbase, to custom-build this software within their existing CFO platform.

Profitbase developed a custom mapping tool that allows Solvang to score and evaluate all its suppliers based on location, internal knowledge, and questionnaire responses. The solution provides an easy, color-coded overview, simplifies sending out questionnaires, and ensures secure data storage. As a result, Solvang can confidently meet its legal obligations, efficiently manage its global supplier network, and be prepared for any potential audits.

Solvang ASA