Businesses are under increasing pressure to deliver products on time with high standards, but they’re struggling even more when it comes down health and safety concerns. These issues can lead into serious injuries or loss of life in the workplace as well financial damages that affect both businesses’ bottom lines – like plant closures due to an accident at your facility which resulted from poor ergonomic practices. Or what about the damage done by natural disasters such s hurricanes this summer causing extensive flooding right near one of our factories leaving them without power overnight during peak production periods ? And then there’s always PR reputations being tarnished because people don’t believe anymore
Since 2009, financial services’ compliance functions have undergone drastic changes and modifications and the pandemic only elevated them further. Banking institutions are now looking for a more efficient and streamlined compliance model to actively define and shape the firm’s next strategy and operational excellence.
Are you still using spreadsheets for risk assessment, managing compliance, compliance audits, and tracking incidents? Probably, it’s time to switch to a GRC tool that can help you streamline compliance processes and support your compliance framework, risk management, analyze the gaps for corrective action plans, automate follow-ups and reporting, and do much more