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Solutions - Compliance Management
Compliance Software
The foundation of any effective enterprise GRC strategy is a compliance program and compliance software applications that integrate easily into all operating units in the organization. Effective and responsive management of compliance activities related to laws, regulations, standards and internal policies is key to the successful use of compliance software and the overall success of your GRC initiatives.
The compliance software solution from Compliance 360 is designed to manage a wide variety of compliance processes and enforce accountability throughout large enterprises. Through the use of legal and regulatory impact assessments in conjunction with policy management, surveys and assessments, and incident (loss events) management, all facilitated by automated workflow, the compliance software ensures that you are always prepared for any type of audit or exam, as well as executive and board reporting requirements.
The compliance software solution features key components to automatically monitor pertinent regulations and other requirements, organize compliance documentation, projects and activities, conduct audits and self-assessments, collect and manage issues and incidents, and demonstrate proof of compliance through the Virtual Evidence Room™.
Summary of Compliance Software Capabilities
| Regulatory Intelligence & Content
Repository |
The compliance software provides the ability to seamlessly pull in regulatory content (laws & regulations) into a central content repository with automated alerts of changes to those laws & regulations. Upon receiving notifications of changes, the compliance software enables automated assessments to identify the extent of gaps in compliance and subsequent risks. |
| Virtual Evidence Room™ |
Through this unique feature in Compliance 360, all policies, surveys, attestations, incidents, activities and documentation are directly linked to specific laws and regulations to demonstrate proof of compliance in an easily accessible view for internal & external audits. Many organizations use the Virtual Evidence Room to streamline accreditation projects and other forms of regulatory examinations. |
| Policy Management* |
The compliance software provides full life-cycle management of policies and procedures including customizable workflow for collaboration and approval processes as well as version control and audit trail features. |
| Executive Dashboard |
The compliance software includes a highly configurable home page that includes graphical reports with drill-down capability for tracking all compliance activities. Think of this as your “My Compliance” page. At a glance, you can quickly identify hot spots needing attention. The system then directs you as you identify underlying causes and enact resolutions. |
| Automated Regulatory Assessments |
The compliance software includes a complete suite of regulatory assessment tools to automate monitoring and compliance gap analysis. |
| Incident Management |
Collect, store, and collaborate on compliance-related incident information using the compliance software, and track progress of investigations and remediation of potential issues. |
| Contract Management |
Ensure contract compliance using customized workflow processes within the compliance software. Automate collaboration, establish paths for approval routes and keep everyone on track for timely reviews and revisions. |
| Project Management |
Enterprise-wide project management with automated task management capabilities is included with the compliance software, to promote collaboration and accountability. The system includes extensive review and reporting capabilities. |
| Forums |
Use the compliance software to manage your knowledge base of authored research and “frequently asked questions” (FAQ) relative to compliance and legal issues. |
| Surveys |
Create customized surveys for data collection of any type including attestations and audits. The compliance software provides automated distribution of surveys to an unlimited number of respondents. |
| Meetings |
Organize and manage all compliance related meeting activities, record the minutes and attendance, keep track of assigned tasks and link all documentation into your Virtual Evidence Room. |
| Reporting & Search |
Real-time reporting tools provide a global view of all activities related to compliance, and risk management with extensive drill-down capabilities. Comprehensive search capabilities allow for quick retrieval of needed information. |
Seven Elements of an Effective Compliance and Ethics Program
Click here to learn how Compliance 360 can help you address the seven elements of an effective compliance and ethics program as outlined in the United States Federal Sentencing Guidelines.
Compliance Software Benefits
- React quickly to changes in law, enforcement actions and external events
- Create a continuous state of readiness for audits, surveys and exams
- Increase accountability and management visibility into compliance status
- Decrease labor intensive processes and documentation
- Enforce standards and consistency throughout your organization
- Streamline and direct internal audits into areas of high risk of non-compliance
- Support your overall risk management and governance programs with an integrated, quantifiable view of regulatory compliance
Learn More
To learn more about compliance software from Compliance 360 or schedule a demonstration please contact us
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