Mitigate Risk With A Best Practices Integrated Compliance Management System
A compliance management system is a best practice part of any ethics and compliance program.
The Network’s compliance management system lets you define your risks, the controls you have in place to prevent those risks from occurring, and remediation plans to mitigate any potential impact.
It also contains a survey component which lets you proactively reach out to your employees to gauge their understanding of policies and give them another means by which they can disclose any knowledge of misconduct.
Our compliance management system is part of our Integrated GRC Suite, and gives you all the benefits of more complex enterprise risk management (ERM) systems in a more cost-effective, integrated and user-focused package that helps you visualize risk sources and potential impact, analyze how to address threats, and take action to keep risk in check.
With The Network’s integrated compliance management system you can:
Conduct compliance risk assessments to document likelihood and impact of potential compliance-related risk and manage that risk based on the organization’s risk appetite
Capture inherent and residual risk with associated mitigating controls and risk types for codification and analysis
Create a central repository of compliance risks to gain enterprise-wide view of risk
Create and publish surveys to conduct periodic questionnaires to assess ethical risk
Capture supporting qualitative, quantitative and trending metrics
Deliver key risk information and survey feedback through real-time reports and visual analysis tools, including customizable dashboards, templates and other risk scoring models
Download our Integrated GRC Suite datasheet to learn how our compliance management system can help your company improve the effectiveness of its ethics and compliance program.