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The Essential Solution for Empowered Risk Managers
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An Unparalleled Solution for Policy Management Teams
Efficient policy distribution through central repository
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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
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Proper policies are integral to the good governance of any organization. Clear and actionable policies, for instance, a cybersecurity policy or an employee safety policy define the boundaries of employee conduct and set the stage for a compliant workplace.
That being said, it isn’t sufficient to write a policy and leave it as a permanent institution. Policies must undergo renewal if they are to remain relevant. Likewise, it is important to assess which policies you really need. If you have too many policies, compliance itself would cripple business progress. Conversely, if you have too few policies you run the risk of undue exposure to threats and legal complications. Hence, it is incumbent that your organization follows a policy management process. It is a strategic tool decision-makers can use to guide the organization.
Below are some points that outline what an effective policy management process looks like and secondly, offer guidance as to whether you need policy management software.
Policy management refers to how an organization develops, communicates, manages and maintains its policies. It is a comprehensive process that is aimed toward ensuring that the various parts of the organization work together for the good of the whole. Thus, good policy management would verify that various departmental policies do not undermine the functioning of the organization as a whole.
A policy management lifecycle is generally defined by these phases:
An effective policy management consists of the following phases and sub phases:
Not every organization requires a policy management solution immediately. As the level of accountability grows, the need for a solution arises. The complexity involved with managing your policies also determines the need of a software solution.
Here are some indicators that you need a policy management solution:
Cloud-based solutions like VComply’s Policy Management Software give you a powerful way to create, modify, distribute, and test policies. For instance, with VComply, you can create questionnaires to gauge the effectiveness of a policy, assign privileges to give proper access, have a convenient audit trail, get real-time alerts, and more. Policy is a crucial component of GRC and VComply offers a range of tools for governance, risk, and compliance management.
Having considered what a policy management process looks like and some reasons to invest in a policy management solution, deliberate on how to better govern your organization. Remember, the cost of bad policy management may far exceed that of investing in a policy management solution. So, when the time is right, do not think twice about using a smart software to empower your efforts!
Ready to set up a trial of VComply and automate your compliance process?