For Compliance, Risk, and Governance teams
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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The Ultimate Agile Solution for Compliance Teams
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
The Essential Solution for Empowered Risk Managers
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
An Unparalleled Solution for Policy Management Teams
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
The Complete Solution for Empowered and Efficient Audit Teams
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 our comprehensive guides for seamless management!
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
Empower your industry with unmatched effectiveness and efficiency
VComply for the Financial Services Industry
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Stay informed on compliance, risk, audit, and policy management trends
Streamline work with comprehensive guides for seamless management
Navigate complex GRC challenges with valuable e-books
Discover user stories for valuable insights into user-experiences
Access comprehensive definitions and explanations for essential GRC terms
Gain a comprehensive understanding of the features, benefits, and capabilities
Discover insights from experts on the latest happenings in GRC
Learn tips, tricks, and insights to make compliance work for your organization through our expert webinars!
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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Regulatory change is accelerating. As industries grapple with new technologies and digital transformation, compliance teams face the monumental task of keeping up with the regulatory requirements. Modern business has become an integrated web of supply chains and third-party partnerships. While such evolutions are expected as markets change, the pervasiveness of these relatively young developments and the speed at which they influence the modern economy leaves regulators and compliance teams alike racing to address new forms of risk.
Compliance teams encounter significant challenges, with risk management being their most significant hurdle. Furthermore, complying with the pace of regulatory change and the costs associated with it is also a significant concern. This begs the question: How can teams keep up with the ever-evolving demands of emerging technologies and regulators racing to address them?
As the adoption of digital technology has increased, all the way down to the consumer level, the tools organizations use to operate and the products and services they offer must also evolve. However, regulating this technology is difficult, as it requires a high level of expertise. As soon as vulnerabilities and uses are satisfactorily addressed, new threats can emerge. A regulatory change management process in today’s dynamic environment needs to be:
Regulators and compliance teams must continually address issues at the micro level in today’s fast-paced environment. Regulators are shifting to an agile sprint cycle-focused paradigm, but incomplete or conflicting requirements can result from high volume and complexity. Compliance teams often struggle to meet regulatory requirements or obtain complete guidance. Managing risk and keeping up with regulatory change can leave compliance teams on the back foot as the organization adopts new technologies and operations.
Change can be punishing for those who cannot respond adequately. Compliance teams can integrate the agile nature of their work into their strategy and add value amidst the chaos. Digital transformation presents new tools and opportunities for addressing these challenges. Automated document control systems preserve the integrity of policy and procedure documents while simplifying their authoring and deployment, making them more accessible and up-to-date.
It is paramount that organizations address compliance in today’s dynamic business environment with agility and efficiency. The benefits of an integrated and collaborative technology architecture are:
Eliminates cumbersome and redundant manual processes. Compliance continues to grow its complexity and back-office professionals must analyze high volumes of incoming data and information manually to maintain compliance and keep up with constant change. This often results in things getting missed and potential manipulation.
Keeps pace with the continuous barrage of changing regulations. The regulatory landscape continues to grow, and nobody sees any signs of stopping. Organizations need an automated system that helps track this overwhelming change volume.
·Allows the organization to free up misallocated resources to respond to and monitor emerging compliance risks and build on the organization’s operations by providing strategic insights into the business and its risks.
To effectively manage regulatory changes and emerging risks in a dynamic business environment, organizations need an active system. They must develop a cohesive process that includes gathering and analyzing relevant information and assessing its potential impact. The current high volume of regulatory changes requires a new approach as the old ways of uncoordinated change processes are no longer effective. Developing a regulatory repository, assigning accountability, conducting regulatory impact studies, and implementing a change management program to monitor and alert the organization of risk conditions is critical. This program also fosters collaboration among stakeholders to address and manage the impact of changes on the organization.
Compliance teams can use software solutions to manage third-party relationships, deploy vendor surveys, track obligations, and visualize risk data. These tools leverage available resources but the true value lies in their ability to respond quickly and effectively to change. The pace of change won’t slow, so the most prepared teams thrive. Organizations must foster collaboration, accountability, and integration between regulatory change management, information, data, and a GRC architecture to achieve this.
Organizations need to develop an integrated, agile, and collaborative compliance program and framework like VComply – built on common information architecture and framework. VComply’s system and compliance architecture allows for compliance, risk management, and assessment activities to be coordinated across different departments and functions of the organization, assisting the organization in breaking silos and making more informed business decisions.
Ready to set up a trial of VComply and automate your compliance process?