Each year, additional regulatory compliance requirements such as privacy and anti-money laundering mandates are introduced that increase costs, impose penalties and fines for noncompliance, and place the reputations of organizations on the line. Many companies create specialized groups to ensure compliance. This approach often causes duplication of efforts among the various groups as they complete similar tasks, and provides a narrow perspective on compliance. Synergies must be identified and leveraged to efficiently manage the organization’s risk of noncompliance and reduce costs.

The Governance Portal for Compliance Management allows you to:

1. Align policy management with control documentation in a central repository that allows users to leverage existing information, reduce silos of data, and decrease duplication of efforts across the organization.
2. Manage the validation and continuous assessment of compliance controls through independent testing and an integrated survey engine that allows key stakeholders to easily answer questions and provide status updates.
3. Monitor regulations through easy-to-understand reports and dashboards that provide insight into individual mandates as well as the bigger compliance picture.
4. Remediate deficiencies and mitigate risks identified through action plans, and follow-up with key stakeholders through completion.