The main task of compliance is predominantly in the enforcement of legal acts, as well as a deeper management standards compliance (compliance management). There is an urgent need to improve the functionality, allowing to quantify and prioritize the risks associated with compliance, in order to improve the understanding of the existing enterprise compliance risks. Tightening regulatory requirements and are responsible for their implementation employees of the organization require a more effective system of compliance management.
In the software product GRC management by regulations, including internal policies, carried out in the framework, which is directly related to risk management and corporate governance. It provides access to real-time reports on the status and progress at the level of individual laws and regulations, as well as at the level of different tasks - such as integration or management of specific risks. The legal framework provides instant access to the data on the current state of implementation, policy monitoring and control system. The data can be sorted according to different parameters: the laws, regulations or policies, as well as by the responsible departments and divisions; or by combination of parameters.
Compliance, as a support for business, especially during the preparation of projects and other development is time consuming. Unified system for recording (and sharing) the recommendations of issues related laws and regulations, the risks of the proposed measures to reduce risks and review the necessary actions will allow division of compliance and other departments of the company to communicate and share information more effectively.
Centralized policy management facilitates structural evaluation and storage of data on politicians. Centralized structure can also be directly linked to the business processes of an enterprise that will give an idea about the condition and the development of policies. The system creates the possibility for automatic analysis of the structure of policies, processes and instructions in different languages and for different jurisdictions.