It’s difficult to keep up with regulatory compliance because it changes all the time. Complying with changes in corporate compliance documentation, internal controls, audit requirements, employee training, etc. In addition, compliance officers are responsible for all industry regulations across all business units within their organization. Considering the number of regulations to keep updated on, it comes as no surprise that continuous compliance and effective risk management falls by the wayside.

 

It is for this reason that it’s extremely important to have a tight grasp on regulatory change management processes in your organization in order to work towards automation. A lean and effective regulatory compliance software is ideal for dealing with regulatory change management notifications and can go a long way toward proactive and preventative compliance.

Predict360 platform helps organizations to better manage risk and changes to regulations. Every risk, control, audit, corrective action and task is mapped back to the requirements that drive the activity, producing seamless management of change when those requirements change. It can be licensed as a standalone web-based application or as part of an integrated regulatory change management, audit, incident, policy, procedures, competency and learning management solution.

An organization’s take on compliance is equal parts the right attitude toward the process in general. Staying vigilant in compliance instead of going through the motions is important in maintaining compliance as a year-round exercise rather than checking a box when something goes wrong.

 

*The author’s views and opinions are entirely his or her own and may not reflect the views and opinions of 360factors.