Find answers to common EUDR compliance questions and learn how Prewave streamlines due diligence and risk management.
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How does Prewave’s compliance solution provide a more efficient process compared to other providers?
Prewave’s solution offers significant efficiency gains through its streamlined due diligence process and advanced risk mitigation capabilities, which reduce manual efforts and compliance complexity. Here’s how Prewave outperforms alternative providers:
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Accelerated Due Diligence: Prewave’s built-in Maturity Assessment allows for quicker evaluation of suppliers, especially for EU-based products, reducing the time and resources needed for supplier engagement.
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Local Legislation Compliance Checks: Prewave performs compliance checks that are producer-independent, meaning that it does not require additional engagement from the producers themselves. In contrast, alternative providers often rely on the producers to supply compliance data, adding time and complexity to the process.
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Risk Mitigation: The risk mitigation process in Prewave is seamless and integrated within the platform, allowing users to efficiently address and resolve compliance issues without switching between systems.
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Advanced Satellite Data Integration: With its advanced satellite-based deforestation risk assessments (via the Satellitegence partnership), Prewave reduces the occurrence of false positives from 100 to 20 per year, increasing assessment accuracy from 75% to 95%. This higher accuracy significantly lowers the need for follow-up investigations and saves time for compliance teams.
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What types of risks does Prewave’s platform monitor in the context of EUDR compliance?
Prewave monitors a wide range of risk categories, including:
- Deforestation Risk: Using geolocation data to evaluate whether a supplier’s operations are located in regions with high deforestation risk.
- Legality Risk: Verifying that the sourcing and production of materials comply with local and international laws.
- Social & Environmental Risks: Monitoring for incidents such as human rights violations, illegal logging, or pollution, using over 50,000 data sources in more than 50 languages.
- Country & Industry Risks: Assessing political, economic, and regulatory stability of sourcing countries, which impact the likelihood of non-compliance.
This multi-faceted risk assessment enables you to go beyond compliance and develop a truly resilient and sustainable supply chain.
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How does Prewave integrate due diligence data with the EU’s Traces system?
Prewave’s platform automatically generates a Due Diligence Statement (DDS) for each compliant product. Once all necessary data points—such as product origin, legality, and deforestation risk—are verified, the DDS is electronically submitted to the EU Traces system. This submission is fully automated, and upon acceptance by Traces, an EU reference number is issued and linked back to your Prewave dashboard. This integration ensures that all your compliance submissions are synchronised, up-to-date, and easily accessible for audits or inspections.
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Can Prewave handle complex supply chain structures with multiple product lines and geographies?
Yes, Prewave is built to manage complex supply chains with multiple product lines, geographic regions, and diverse regulatory requirements. The platform allows you to segment products by category, assign unique compliance criteria, and monitor each supply chain segment independently. For global operations, the platform’s advanced data management capabilities and flexible reporting structure enable you to handle varying regional requirements while maintaining a unified view of compliance across all product lines.
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Can Prewave facilitate supplier engagement and corrective action management?
Yes, Prewave enables seamless supplier engagement by allowing you to send risk alerts, origin requests, and assessment questionnaires directly through the platform. If a supplier is found to be non-compliant, the platform provides specific corrective actions tailored to the risk identified. Suppliers can respond directly within the platform, and you can track their progress, set deadlines, and implement follow-up actions to ensure that issues are resolved before generating a new DDS.
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How does Prewave’s solution support sustainability and ESG goals beyond compliance?
Prewave goes beyond regulatory compliance by providing a holistic view of sustainability and ESG (Environmental, Social, Governance) performance across your supply chain. The platform’s continuous monitoring includes social risk factors (e.g., labour violations, community impacts), environmental sustainability (e.g., carbon footprint, biodiversity impact), and corporate governance (e.g., anti-corruption measures). By integrating EUDR compliance with broader ESG criteria, Prewave helps companies develop more sustainable supply chains and achieve long-term ESG targets.
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What are the benefits of using Prewave’s API integration?
The API integration allows for real-time data synchronisation between Prewave and your internal systems, ensuring seamless workflows. Key benefits include:
- Automated Data Updates: New products, suppliers, and risk assessments are automatically reflected in the platform.
- Seamless DDS Submission: Direct integration with the EU Traces system for faster, error-free DDS submissions.
- Custom Reporting: The API can pull data from Prewave into your internal systems, enabling custom compliance dashboards, KPI tracking, and audit trails.
This integration significantly reduces manual effort, improves data accuracy, and enhances visibility across your entire compliance process.