Research whitepaper explores correlation between policy management systems, compliance training as drivers of organizational compliance ROI
ATLANTA – February 12, 2014 – The Network, Inc., a leading provider of governance, risk and compliance (GRC) solutions, today released a new whitepaper compiled by Blue Hill Research entitled “Policy and Training Investment: The Front-End of Compliance” that examines the impact of policy management systems and compliance training on compliance ROI.
Authored by Blue Hill Research and commissioned by The Network, the whitepaper looks at how investments in an organization’s compliance structure reap significant returns in terms of reduced risks and liabilities. “When organizations overlook these investments, the result tends to be poorly articulated or outdated policies and a lack of employee engagement. The result is often the creation of undetected exposures,” the paper reports.
According to David Houlihan, principal analyst for Blue Hill Research and the paper’s author, “Proactive compliance requires policies that provide clear guidance that is communicated effectively via compliance training to the workforce. The goal in mind is not to fix what’s happened but to prevent misconduct in the first place”.
This “preventative value,” according to Houlihan, is a product of effective policy systems and compliance training programs tightly integrated with a GRC platform, such as The Network’s Integrated GRC Suite, which provides content management and tracking capabilities along with methods to measure effectiveness.
“Often we see organizations approaching their policies and training as ‘checkbox’ requirements,” said Jimmy Lin, vice president, product management and corporate strategy for The Network. “Without a solid policy management system and processes in place, the ‘set and forget’ mindset won’t work. While these organizations might communicate the requirements, they don’t show employees how to implement them in practice.”
The whitepaper is available from The Network’s Resources page. For more information on The Network’s policy and training solutions, visit www.tnwinc.com. For more information about Blue Hill Research, visit www.bluehillresearch.com.
About The Network, Inc.
The Network is a leading provider of integrated governance, risk and compliance (GRC) solutions that allow organizations to create better workplaces and ethical cultures. The Network’s Integrated GRC Suite, recognized as the “Apple of GRC” by GRC 20/20, is the first natively integrated enterprise GRC software platform in the compliance industry. The Suite was built to leverage the way employees retain and apply ethics and compliance information and helps companies prevent, detect and remediate non-compliance and unethical conduct. A SaaS-based technology solution, the Suite integrates policy management, training and communications, Code of Conduct, surveys and assessments, and case management, all on a reporting and analytics platform. Originally established as the first whistleblower hotline provider in 1982, The Network serves thousands of organizations in every industry, including nearly half of the Fortune 500. For more information, visit www.tnwinc.com.
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