Stop Doing GRC Manually

Posted by: Ed Sattar

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A wise GRC practitioner works smarter, NOT harder so you should arm yourself with tools that automate your GRC.

Every Day:

  • Your team is doing – 40 tasks
  • Managing 10 Risk Items
  • Touching: 10 Policies and Procedures

Companies struggle with regulatory compliance in a number of areas. By utilizing an enterprise-wide solution for regulatory change management, companies are able to streamline their operations and control compliance monitoring more effectively.

Manage Regulatory Changes

A regulatory change management program can be used to keep track of regulatory changes and new requirements offering end-to-end compliance in an increasingly more complex and fast paced environment. Instead of one individual or department being responsible for the changes and updating them manually, it can be automated.

Not only are manual processes prone to errors and oversights, an automated system can take industry best practices into consideration and the software can be flexible enough to cover all of the regulatory changes that are taking place.

Automation Saves Time

The automated aspect of the program saves time across an entire enterprise. This allows for a consistent management style of all processes. A dashboard within the program also allows management to see what is going on and see the workflow for the purposes of collaboration. The dashboard can also serve as a staging area so that other compliance solutions can be integrated; as well as to draft requirements of anything else that is going to be changing in the near future.

Scalable solutions are possible and with dashboards and automated controls to help with regulation management, it can lead to more compliance and less time managing the processes by individuals. It will reduce costs, minimize the financial impact of risk, and streamline an array of processes within a business.

How can we help?

360factors, Inc. is a cloud based Enterprise Risk and Compliance Management Technology and Services Company that will help you improve business performance by reducing risk and ensuring compliance. We also offer EHS consulting through a wide range of professional services in regulatory compliance and permitting (air, water, and waste), site investigation and remediation, environmental and dredge material sampling and evaluation, and health, safety and risk management services.

 

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