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The KnowTech® Agreement is a solution for Organizations whose business it is to enter into agreements with other parties, be they companies or individuals, for the right to perform any of the regulated activities for which the Organization is charged with enforcement. The innovative approach in the development of KnowTech® Agreement was the recognition that

     (a)     Companies and Individuals (Business Party) have multiple roles when conducting business transactions with an organization

(b)     The Organization manages Assets and its utilization through Agreements with Business Parties

(c)         The nature of the agreement is a permission or the granting of a privilege for which a fee may become payable either as a lump sum at the start or over a series of payments at pre-defined periods

(d)         There is an inherent renewal component to any agreement

(e)         The fee structure, if applicable, will change over time

 It is the nature of the business of the Organization that will term an Agreement a License, Permit, Lease, etc.

 Advantages of the KnowTech® Agreement include  

q       One definition of a Business Party (whether an Organization or an individual) eliminates the need to join or search multiple tables based on the role of the business party, and you still have the specific role based “lists” for the single purpose application uses. 

q       A Business Party can have name changes over time. Multiple Names are also possible to accommodate, Acronyms, Trade Names, etc. One Name must however, be designated as Primary and Active. This would still allow you to find the Business Party with any of the known names instead of the most current. 

q       A business party can have multiple roles. This virtually eliminates data duplication and inconsistencies such as, an Organization stored once as a Customer and then again as a Vendor. 

q       A Business Party can have multiple usages for an address such as Head Office, Shipping, Receiving, Laboratory, Home, etc. Why not search for the address and find out the usage instead of having to know the combination? You also get the added benefit of ISO-3166 Country definitions and codes. Do you remember the most recent country name changes? 

q       An Address may be the location for more than one Business Party. In a household, all the family members are at the same address. This again eliminates data duplication and reduces the effort in data entry. 

q       An Agreement can have a fixed component (Processing Fee) and a Variable component (Number of Activities) to the Fee Structure. 

q       Within an Application, multiple activities regulated by the Organization can be applied for, thus eliminating a long tedious application process. An application for hunting permit may be for Bears, Seals, Geese, etc. 

q       Allow the Applicant to select automatic renewal or send a reminder. 

q       How many times has it occurred that a new attribute needs to be captured for a Business Party or an Agreement? With KnowTech Agreement, you no longer need you worry about unforeseen data elements; just define the attribute of interest and it is available immediately, with history!

 Clients where Design implemented

q       National Capital Commission

q       Health Canada, Natural Health Products Directorate

q       Business License Office, Eritrea

q       Industry Canada, Corporations Branch

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Copyright © 1998 KnowTech Solutions Inc.
Last modified: October 15, 2010