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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 implementedq
National Capital Commission q
Health Canada, Natural Health Products Directorate q
Business License Office, Eritrea q Industry Canada, Corporations Branch |
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