Building a Strong Risk Management System

The challenge of building a strong risk management program and GRC-focused culture remains daunting. To leverage their resources, companies should focus on centralizing and bringing consistency to their compliance efforts, leveraging compliance content from leading experts, streamlining and consolidating common risk activities, and aligning their compliance programs with broader enterprise risk management efforts. Organizations need to move from the complex systems of risks that lack consistent assessments and decision making as well as effective…

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Why Implement a Regulatory Change Management System?

Today’s business climate is more complex and more challenging than ever before. New regulations increase ambiguity and inherent risk thus increasing the probability of operational breakdowns. The impact and probability of the risks that the regulations represent depends on how well you understand the intent of the law, how well you interpret the law, how you implement the law and how well regulatory change management is institutionalized within your firm.

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Why Implement an Effective Safety Management System?

Organization with a safety policy in place is not protected from liability in case of an accident. A number of steps have to be taken to ensure that the policy is being followed by employees. An effective safety management system ensures that when a task is carried out in an organization, every precaution and safety step has been taken to reduce the likelihood of there being an incident that leaves someone injured or worse. It…

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Shift in Vendor Management Process

Spreadsheets and word processing tools for managing vendors are a thing of the past because of their inability to meet the stringent requirements of the auditors. Today, increased regulatory compliance requires organizations to use effective vendor management software that ensures the products and services provided by the third-party vendors are safe and comply with applicable laws, regulations, and standards. Increased regulatory compliance also elevates the importance of vendor management from a department-level process to…

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Need for Effective Policy & Procedure Management

In today’s world evolving and partnering with a policy and procedure management software that helps organizations automate the lifecycle of their documents while significantly reducing their operational costs (overhead and administrative) has become a necessity. Organizations need a solution where policies and procedures and other documents are organized and linked to the regulations that impact their business, thus enabling them to provide real-time evidence of compliance for audits.

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