Reading Time: 2 minutes

Compliance with regulations begins with defining your organizational policies while promoting them in the workplace and extracting positive efforts. The main object to attain balance in the organization by standardizing processes to comply with responsibilities and letting everyone to function together.

Compliance starts with the assessment of internal controls. Then make a synergy between strategy, operations and functional aspects. Finally transparent accountability and monitoring the process for successful completion. It is easy to incorporate and deploy the system in your work structure. Connecting the responsibility to see the course of action and work plan in the real-time scenario and also tracking past records is easy. It saves you from the hassles of keeping a track of all the meeting schedules, their frequency and other due dates of compliances etc. This helps in enhancing clarity and efficiency, ultimately eradicating errors.  VComply also helps improve relations and collaborations with clients by leveraging the good work, easy referring to the prior projects and ability to monitor what other teams are working on.

The workflow can be summarized by evaluating internal controls first and putting policies into action under specified frequencies. VComply though being a GRC SaaS platform which primarily helps one manage compliances for the organization, it also has a lot to offer in terms of functionality, accountability and interpretation. Various parts of an organization and various sectors of the business world thus use it in different ways and deploy its features to meet their daily responsibilities and  compliances whether internal or external.

VComply helps in decentralizing the work and centralizing the data with high-end secure encryption to ensure the safety of storage and documentation.

Teams can be entrusted with responsibilities based on compliance types such as regulations, standards, internal controls and even customized compliances serving to specific needs.

Responsibilities can further be classified and segregated in terms of departments and divisions catering to the needs and transparency of responsibility to enhance the accountability. Ensure everyone is following the same (predefined) processes, avoid duplicate data entry, identify evidence that can be automatically generated, identify key dates, create a central repository, identify data conditions and dynamically assign tasks

Tracking performance across the enterprise and over time. Leveraging leadership and motivating for meeting compliance goals with frequent communications.

Adopting a culture of compliance ensures your entire enterprise has situational awareness. When policies turn into practice and employees are encouraged to champion the monitoring and reporting of threats and changes, it leaves little doubt you’ll be audit-ready.

Previous                                                                                                               Next

FavoriteLoadingAdd to favorites