Create Compliance Policies and Associate
Them
with Business Operations Processes
Maintain up-to-date compliance standards by optimizing policy management, reducing
risks, and enhancing regulatory adherence. Compliance officers can define and update policies to
align with laws and regulations, ensuring thorough coverage and accuracy. Associate policies to
business operations processes and activate the policies and their clauses on the effective date
for seamless compliance and efficiency.
Required Editions
- Create a Compliance Policy and a Compliance Policy Version
Capture and formalize the rules, standards, and procedures for an organization and ensure adherence to relevant laws, regulations, and internal guidelines. Create records to store details such as the policy representative, review dates and frequency, and links to official documents.
- Create a Compliance Policy Clause and a Compliance Policy Clause Version
Capture specific provision or section within a compliance policy. Create compliance policy clause records and store details such as name, description, associated regulation, and parent regulation clause.
- Map Compliance Policy Clause Version to Its Policy Version and Regulation Clause Version
To ensure traceability and consistency with regulatory requirements, compliance officers map compliance policy clause versions to multiple compliance policy versions and regulation clause versions. Mapping of records facilitates efficient updates when regulations change and helps maintain accountability. Additionally, it supports audit readiness and clear communication with stakeholders about compliance obligations.
- Publish a Compliance Policy Version and a Compliance Policy Clause Version
Clearly communicate updated compliance standards to all employees and stakeholders by publishing compliance policy versions and their associated clause versions. Reduce the risk of penalties and allow your company to quickly adapt its operations to meet new regulatory requirements.
- Map a Compliance Policy Clause Version to a Business Operations Process
To improve traceability and make sure that process owners can easily access policy updates, compliance officers link business operations processes to the relevant versions of compliance policy clauses.
- Map a Compliance Policy Clause Version to an Asset
To improve traceability of assets governed by internal policies, and make sure that asset owners can easily access policy updates, compliance officers link assets to the relevant compliance policy clause versions.
