Consortium management

Your issue: managing consortia in the downturn

The REACH regulation has stimulated the forming of consortia. The main objectives of these consortia are cost sharing of data gathering and acquisition of missing data, and savings through joint submission of dossiers. These consortia process and communicate a lot of chemical data, test data, collaboration agreements and financial data, which are in many cases confidential or sensitive to the market. The current economic downturn challenges consortia to review their operations. Specifically, financial management and treasury activities need additional attention.

Our solution: consortium financial management

We can support consortia with secretarial, administrative and operational management. As the independent financial and administrative consortium manager, we can develop and streamline the administrative process and act as trustee for confidential data. As part of our management responsibility we can, for example, present an overview of REACH related audit risks, and verify the REACH volume data, i.e. as basis for the calculation of consortium membership.

Learn more about our solution for consortium management, financial & administrative services, audit services and other REACH Services.

Article Chemical Watch [520Kb]