Manage and track multiple compliance, risk, and governance operations
Gain control and efficiency with our comprehensive dashboard
Effortlessly centralize document and file management securely
Organize and streamline activities with automated scheduling calendar
Empower compliance with timely notifications, alerts, & deadline tracking
Ensure timely response, accountability, and risk mitigation through escalations
Gain compliance control, mitigate risks, & save time with framework library
Streamline assessments. enhance collaboration, ensure compliance.
Strengthen accountability, compliance, and transparency with audit logs
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Integrate VComply with your everyday tools, and manage compliance and risk better
Manage multiple frameworks, implement controls, and protect your brand
Goin 360-degree visibility with intuitive compliance dashboard
Stay informed and proactive w ith notifications & alerts
Simplify file and document management with ease
Automate compliance workflows for seamless efficiency
Streamline compliance with customizable framework library
Enable collaboration across locations, departments, and teams
Centralize compliance work for streamlined efficiency
Goin actionable insights with robust reporting feature
Automate risk processes, assess risks, align risk and compliance
Identify and track risks using the centralized risk register
Enable collaboration across stakeholders for better resolution
Streamline risk assessment with process automation
Enhance risk visibility with intuitive and centralized dashboard
Establish connection across teams, departments, and locations
Elevate risk awareness through proactive notifications
Manage files & evidence centrally for efficient control
Enhance decision-making with actionable risk insights
Develop, review, approve, distribute, and track every policy with confidence
Efficient policy distribution through central repository
Streamline policy drafting and lifecycle management for simplicity
Simplify compliance with comprehensive policy templates
Simplify policy management with efficient version control
Accelerate policy approvals with automated processes
Collaborate seamlessly with cross-functional teams
Effortlessly measure policy training effectiveness with assessments
Manage policy life cycle with automated reminders and notifications
Streamline audit planning, fieldwork, and reporting using a unified platform
Maintain transparency and accountability with audit trails
Organize and streamline audit with automated scheduling and calendar
Centralize audit files for streamlined evidence collection and management
Stay informed with proactive audit activity notifications & alerts
Streamline audit assessments for comprehensive compliance
Bring audit plans, activities into the single space for complete control
Simplify audits with automated workflow efficiency
Gain 360-degree visibility with intuitive Audit dashboards
Empowering success through streamlined compliance, risk, and governance solutions
Empower your business with simplified regulatory compliance solutions
Empower your enterprise by elevating risk management practices
Transform GRC operations for optimized efficiency and effectiveness
Mitigate risks with seamless third-party risk management
Check out how VComply helps utilities comply with NERC’s reliability standards.
Empower your business with pre-built customizable regulatory and control frameworks
Achieve quality success through ISO 9001 Framework
Deliver compliance excellence with the power of SOX framework
Simplify your security approach with ISO 27001 framework
Navigate cybersecurity excellence with NIST framework compliance
Promote data security through compliance with PCI DSS framework
Unlock trust and security with SOC 2 framework for compliance
See the extensive compliance framework library of over 20+ supported framework
Achieve compliance for your electric utilities with these NERC-approved reliability standards
Empower your industry with unmatched effectiveness and efficiency
Help Financial Services power GRC processes
A smart GRC software that upgrades manufacturing compliance
Modernize banking compliance with VComply
Remove compliance risk from your non-profits
Effectively manage your higher education compliance and risk
Redefine healthcare compliance and risk with VComply
Build, boost your compliance in construction
Strengthen resilience for energy and utility companies
Turn risk into opportunities with F&B compliance software
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Streamline work with comprehensive guides for seamless management
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Utilize our go-to templates and checklists to help you stay compliant
Keep in sync with the latest changes by updated framework templates
Get compliance assistance through VComply compliance checklists
Download policy templates that you use to create guidelines and processes.
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These words will ring true until the end of time, as many believe that the true path to happiness is giving rather than taking. Strangely enough, giving can often be more challenging than taking as being self-serving and self-interested is the easy route to go through life, while attempting to make the world a better place can be more of a struggle than many are willing to face. In our current and modern world of business, an increased emphasis on the culture of an organization is continually highlighted. Both regulatory bodies and the public are increasingly trending towards the demand of corporate ethical practices and principles. This puts a unique and intense pressure on compliance professionals in nonprofit organizations world-wide as they must take responsibility to build controls and procedures that establish an authentically ethical organization that acts with integrity.
“We make a living by what we get, but we make a life by what we give.” ~ Winston Churchill
The world of business is no different; ensuring longevity within a private or public business, while still difficult, can sometimes seem easy in comparison to the growing regulatory demand for nonprofits throughout the United States. Despite numerous exemptions for nonprofits, they face ever-growing compliance obligations with very little room for error. The severity of the situation has led nonprofits to begin understanding the necessity of a robust and agile compliance program coupled with essential technological tools, otherwise many nonprofits face the potential of complete collapse.
Nonprofits have the luxury of being exempt from federal and state taxes as well as gaining access to certain types of public funding. However, these luxuries do not come without a cost as nonprofits are held to some of the highest compliance standards. Failing to abide by these compliance standards can leave nonprofits in an extremely sticky situation. Nonprofits are expected to act with honesty, integrity, and transparency, and open themselves up to various risks if they are non-compliant, whether it is intentional or not. The IRS holds the authority to revoke the nonprofit status of any organization if the offense is severe enough.
States also have a similar authority for any instance that a nonprofit fails to comply with state-wide laws and regulations. Nonprofit organizations can also be faced with serious fines and diversion of financial assets due to internal wrongdoing and failing to abide by compliance standards. The Washington Post reported in 2013 that over 1,000 major nonprofits across the United States faced a significant loss of assets due to internal wrongdoing. Among these nonprofits were Goodwill Industries, Wounded Warrior Project, and a prominent social service agency in New York.
Risk exposure from growing compliance demands has shed a light on the necessity of an effective and agile compliance program throughout nonprofit organizations. Due to limited capital available to nonprofits in comparison to private or public organizations, many of these responsibilities fall on the board of directors to manage. Nonprofit boards often have a checklist of obligations and responsibilities that are consistently followed to ensure compliance. This can be extremely challenging and is why many nonprofits have begun to turn to information and technology architectures for assistance.
One of the greatest compliance challenges facing nonprofits today is the requirement to keep accurate and up-to-date records regarding donations, grants, expenses, bank statements, tax documents, and more. Without these records being effectively kept the organization opens itself up to a potential corruption scandal. Keeping all this information accurate and up to date can be extremely time-consuming but fortunately, information and technology architectures can automate many of these processes for the organization. Board portals are often used to keep track of all information and enhance communication among board members. This can greatly enhance the organization’s ability to be compliant and significantly reduce potential compliance risk exposure.
Nonprofit organizations also rely more heavily on their reputation and ethical standards than that of a public or private entity. Upholding those ethical standards is an essential part of compliance so much so that form 990 from the IRS specifically asks if a nonprofit’s board of directors has a specific conflict of interest policy and how it is managed. A conflict of interest is a serious concern for any stakeholder and must be properly managed and mitigated. Oftentimes nonprofits will conduct annual board assessments so that board members can better understand and strive for set obligations and compliance standards.
Some common benefits to streamlining compliance management processes in VComply’s standardized technology architecture are improved efficiency in the areas of:
Compliance can be challenging for any organization, especially those that are nonprofit. Nonprofits are, for good reason, held to a higher standard in regard to ethical values and obligations. Reputation, trust, and morality are the essence of a nonprofit organization, and damage to any of these can greatly impact the success of the organization. To achieve success in maintaining a good reputation and high trust, nonprofits must be transparent with their mission and align compliance procedures to best achieve that mission. By doing so, nonprofits can effectively portray values to relevant stakeholders. Nonprofits, however, must act diligently in achieving effective compliance or may find themselves in a hole too deep to get out of.
There has never been a greater need for compliance automation with an agile technology and information architecture than now. The back-end management and oversight of compliance is crucial to the overall continuity of the organization, and an effective compliance architecture and framework will engage employees and all relevant stakeholders to keep them connected and in tune with compliance – specifically as it regards to their roles and responsibilities within the organization. It is essential for organizations to develop an integrated, agile, and collaborative issue reporting and case management program and framework that is found in VComply’s system and compliance architecture allow for issue reporting and case management to be integrated into other compliance, risk management and assessment activities coordinated across different departments and functions of the organization. This enables the organization to break down silos and make more informed business decisions.
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