Change as a Constant in Modern Compliance Management

Written by Niamh Elisabeth McShane | 2 min read
Modern Compliance Management - Gavel resting beside book

“The times they are a-changin’” - How right Bob Dylan was back in the early ‘60s. Fast-forward almost 60 years and some things still (ironically) remain the same - constant change at every turn. Had Dylan been responsible for implementing a modern compliance management system in any of today’s highly regulated industries, he might have stretched his chart-topping hit into a full blown musical!

A concise overview of modern compliance management

If constantly changing compliance regulations are giving you a headache, then pour yourself a cup of tea and read our latest whitepaper, “Modern Compliance Management in Times of Constant Change.”

3 Benefits of IT-based compliance management

It will give you a quick and concise overview of what compliance and risk management mean for organizations today and how these concepts have developed; starting from the financial sector and growing into a central consideration for a variety of other sectors. Using real-life case studies from the banking industry, we’ll take you through digitization, disruption, and dedicated compliance departments to demonstrate the value of compliance investment. Breaking down the benefits of IT-based compliance into three core elements ensures a clear overview of why, and how, to establish a compliance framework:

Automation, Process and Decision Management

  • Automation: Reducing manual effort, by integrating regulatory and operational changes into your company’s workflows.
  • Process Mangement: Adopting a process-based approach, by making all compliance related business processes accessible for the whole team.
  • Decision Mangement: Ensuring well-documented business decisions, so that employees are guided through a consistent decision-making process, avoiding corporate risks in the long-term.

Implementing an IT-based compliance management system

Compliance requires a holistic approach, stretching across departmental and hierarchical boundaries. In today’s highly regulated business world, compliance is too valuable and too intrinsic to remain an afterthought. An IT-based compliance management system requires company wide implementation and adoption -- an investment that will keep you on track and ahead of the game while the hurdles are constantly shifting.

 

If you have any questions regarding compliance and risk management at your organization then send us an email at info@signavio.com. Share your pain points with us and let us show you the solution.

Published on: July 26th 2017 - Last modified: September 26th, 2022