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
See our platform in action for free. No credit card required!
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
Stay connected and grow alongside VComply
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.
Discover the power of VComply through our detailed use case guides
Get to know what make VComply the best GRC platform on the market
Discover VComply's value, mission, and vision for better GRC future
Stay informed about VComply and GRC industrylatest updates
Join VComply, redefine compliance, unleash potential
Know about our partnership program
Get to know our board of advisors
Our legal terms of services and privacy policy
Stay up to date on the latest VComply news
VComply offers unparalleled Sales and Customer Support
Send us your sales queries and let us know your needs
Get 24/7 quick and dedicated support anytime
Lets get social
Follow us on LinkedIn for company updates
Join VComply on Twitter for live updates
The compliance landscape is constantly changing and organizations are often challenged to meet the requirements of multiple regulations and frameworks. Keeping up with ever-changing, often overlapping, requirements are a significant burden for most organizations, leading to audit fatigue and frustration for everyone involved.
At any given time, an organization is tracking a dozen or two compliance requirements or trying to fulfill these different common controls and compliance codes. Consequently, there are governance and compliance efforts to manage each independently, requiring significant time and effort for compliance and risk management teams. It becomes exhausting for the team and inefficient for the organization to perform manual checks on similar frameworks.
For example, from a compliance perspective, PCI DSS 12.1 focuses extensively on security policy on how it would be established, published, maintained, and at last disseminated. Whereas ISO 27001 5.2 also speaks on the importance and mandate for the top management to have a top-down information security policy and have it strictly implemented.
There are multiple other frameworks like NIST CSF ID.GV- 1 and AICPA SOC2CC5.3 which speak the same thing overall regarding security policy and its implementation. If a compliance auditor or officer can have a common compliance platform instead of going through each one subsequently, it will save them countless hours of effort and time.
That’s why a common control framework (CCF) is considered a viable option. Rather than investing countless hours on compliance checks, it can save valuable time and enhance productivity multifold by testing this control once and using it wherever it is mapped, rather than spending time trying to run the same tests for each framework. In this article, we will dive deep to understand the underlying paradigm of the common control framework and the benefits it entails.
An internal control framework is a structured guide that organizes and classifies expected controls or control issues. Some organizations design control frameworks for general purposes, such as the COSO internal control framework, while others are more specific, such as the IT control framework of COBIT.
An organization comprises multiple frameworks for distinct sets of controls. This helps the organization develop controls that create and preserve value while minimizing risk. However, the drawback of having common compliance frameworks is that it increases operational inefficiency and redundancy.
A Common Control Framework (CCF) is a complete set of control requirements, aggregated, correlated, and streamlined from across the broad spectrum of information security in the industry and privacy standards. By using a CCF, an organization can meet the requirements of security, privacy, and other compliance programs while minimizing the risk of too much control.
Reduce business disruption – Implementing a common control framework that focuses on the organization’s risk and compliance management is an effective way to reduce business disruption across the organization.
Adopt a compliance-first approach – By focusing on security first and mapping the security-centric controls to compliance frameworks, you can be compliant with various security certifications, standards, and regulations. Most frameworks share the same underlying security principles, with slight differences in how you provide evidence and how your auditors assess your environment.
Streamline compliance and risk management – A common control framework helps you and your auditors with existing compliance assessments. The core framework is able to identify any gaps in other frameworks that can be rectified proactively. You can perform an analysis of your current control record against existing standards and avoid auditor fees for readiness assessments.
An organization can benefit from CCF in multiple ways. The CCF is updated regularly to ensure the organization is aware of any changes to the compliance frameworks in use. Using an established reference set of control requirements and associated controls allows the organization to get a head start in optimizing the control environment.
From SOX 404-ITGC to PCI-DSS, a common control framework can simultaneously manage multiple frameworks effectively while increasing operational efficiency. By leveraging a CCF, additional compliance frameworks can be quickly assessed and a faster assessment performed. Compliance fatigue should be reduced for organization owners and audit control partners. We’ve noticed nearly a 20-30% reduction in the time otherwise spent in finding the right controls for organization and industry-specific regulations and a reduction in assessment time.
It provides a holistic view of the organization’s control environment as the CCF progresses through the audit and compliance pipelines of SOX and PCI audit obligations. The organization will be able to assess its control environment and identify its maturity model in relation to other organizations. The organization can begin evaluating controls to identify departments or tasks that can be automated. It can help the organization develop a consistent approach to performing and documenting controls across the organization and in potential acquisitions.
When acquisitions need to be integrated into the organization’s environment, a CCF facilitates onboarding and allows those acquisitions to become compliant faster.
For auditing compliance codes and internal controls, there are mainly six steps to follow:
Checking with a control framework begins with validating the framework that the management has chosen to support business goals. The framework must be selected and implemented by management, not by internal audit.
If no framework is in place, the audit may still choose to check against a common internal control framework such as the COSO internal control framework or the COBIT IT control framework. The output of this practice would be recommendations for evaluating internal control environments and implementing controls accordingly.
The next step is mapping the controls. In this step, auditors align the organization’s internal controls with the controls expected in the framework. In the best case, the control alignment has already been performed by management, but the exercise is often not complete before the audit.
The result of the control alignment is a list of internal controls versus expected controls. For design testing, auditors identify missing controls and poorly designed controls as gaps in the internal control environment.
The auditor discusses the gaps with management, who then implement corrective action plans to close the risk within the stipulated time frame. The audit team will continue testing while management designs new controls.
The next step is testing the effectiveness of the controls, which the auditors focus on to check the efficiency in real-time.
Once testing is complete, the final step is to monitor the progress of management’s corrective action plans. Depending on the use case of the framework, corrective action plans would vary.
Though due to compliance necessity, an organization needs to manage multiple frameworks it often results in time wastage and operational inefficiency. A compliance management platform like VComply can help you navigate this situation seamlessly.
VComply is a leading cloud-based GRC platform that helps streamline the risk and compliance management programs of organizations with a strong focus on collaboration. VComply provides a solid foundation for managing risk and compliance so you can improve operational efficiencies and implement a culture of trust, transparency, and integrity.
The benefits of implementing compliance and risk management platform VComply are:
Having a common control framework and following it effectively takes a tremendous amount of effort and time. Although the benefits outweigh the costs, having multiple control frameworks in place can quickly make the situation worse if not managed properly.
Using VComply integrated compliance management system, organizations can streamline the assessment of multiple frameworks through common controls, identify gaps, and easily create a standard control framework to eliminate redundant testing.
Explore what makes VComply a consistent G2 high performer in Compliance Management. Request your demo today and transform your approach.
Ready to set up a trial of VComply and automate your compliance process?