Clearly, the days of keeping compliance data on spreadsheets and home-grown databases are over. Compliance professionals must:
- Consolidate compliance data from various departments including IT, legal, financial and more
- Police all relevant lines of business to ensure they adhere to proper business processes
- Produce reports that they – and executives – can stand behind, testifying to their accuracy
- Be prepared to show regulators and executives how they identify and manage risks
- Defend the business processes they use to stay in compliance
Compliance professionals need to be able to demonstrate they have a sound process in place for tracking industry regulations and ensuring their firm remains in compliance.
Compliance Management Automation With ProcessUnity
ProcessUnity’s cloud-based compliance applications enable organizations to:
- Create a library for managing regulatory requirements
- Identify and track all relevant regulations
- Automate administrative compliance tasks
- Monitor and track issues through to remediation
- Leverage reports and dashboards for real-time visibility into compliance status
ProcessUnity helps compliance professionals gather and manage data they need to prove compliance with industry regulations, and produce reports that demonstrate compliance. It acts as a single, trusted source of compliance information, eliminating the need for compliance managers to manually collect data from various internal stakeholders, from IT to finance and legal.
With ProcessUnity, Compliance Managers:
- Consistently pull together the information that auditors require and make it accessible from a single source
- Quickly satisfy regulator demands for information
- Instill confidence in regulators that your compliance program is effective and repeatable
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