WeighPay Delivers Compliance Solutions for the Scrap Metal Industry

November 8, 2021

Compliance for Commodity Traders

To meet the needs of commodity-based companies across the country, WeighPay Group developed WeighPay, a software solution that integrates with the powerful capabilities of NetSuite. As a weight-based point of sale solution, WeighPay allows companies in the scrap metal industry to record and manage data needed to maintain compliance with regulatory requirements. True Cloud ERP has worked closely with lawmakers to understand the interpretation and enforcement of laws across the countries to fight against the rampant issue of metal theft.

Integrated Hardware for Scrap Metal Yards

WeighPay offers hardware modules to improve operational efficiency and securely manage compliance. ID scanners allow companies to scan the barcodes on licenses with accuracy and then capture images of the ID to store with ticket information to identify scrap metal buyers and sellers. Document scanners allow for companies to easily attach documents to customer files or tickets for easy retrieval and compliance reporting. Plus, True Cloud ERP software enables companies to easily capture images of the scale for a complete audit trail of transactions that include time and date stamps, weight, product, and users.

Legal Compliance for Scrap Yards

Companies in the waste management and scrap metal industries can also easily cooperate with law enforcement throughout their investigations of scrap metal theft. With ID and images captured of transactions, companies have detailed information to provide if needed. WeighPay's hardware integrations for fingerprint scanners collect fingerprints of buyers and sellers, which can be used by law enforcement when necessary as well. During an investigation, law enforcement officers can also be provided log-in credentials to access transaction data without disrupting the daily flow of business.

Single Platform Solution to Manage Scrap Yard Compliance

The powerful solutions for the scrap metal industry designed by WeighPay integrate seamlessly into the NetSuite environment for a wide range of business tools for efficient operations. With WeighPay, companies are empowered with the ability to meet compliance requirements more easily, with complete audit trails and detailed information recorded throughout transactions.

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