Regulatory compliance management for compliance departments

Compliance departments

Compliance departments are responsible for the proper management of product compliance and all the processes around it. Building a strong, well-functioning product compliance department is a crucial but also very tough job. Many companies fail to achieve that because they struggle with overcoming various obstacles.

However, it is not as difficult and expensive to successfully embed product compliance in an organisation as many believe. Implementing a sound product compliance management system can enable companies to save time and reduce costs associated with managing compliance activities, responsibilities and risks.

Common issues for compliance departments

Very rarely, compliance departments perform to their full potential. Usually, they have the following problems:

• No monitoring of changes and updates in regulations and standards
• Poor product compliance workflow management
• No access to educative and training materials
• Poor team collaboration and coordination
• Time-consuming, repetitive tasks and procedures.

Our way to help compliance departments

Compliance departments have a myriad of responsibilities and tasks related to ensuring that a company’s products are compliant with all relevant laws, policies and regulations. Yet, despite the pressure to get everything right every time, they too make mistakes that can have dire consequences.

As a solution, we have developed a compliance management system that enables companies to control their compliance activities better and streamline their product compliance management workflows. It assists compliance departments in:

• Decreasing time spent on repetitive compliance tasks
• Staying up to date with the updates and changes in the regulatory framework
• Producing, updating, storing and sharing important compliance documentation
• Improving team coordination and collaboration
• Keeping track of the compliance status of any project
• Reporting and resolving product compliance issues as they arise
• Creating compliance reports when needed, and more.

Our compliance management system further helps companies address and reduce compliance risks related to the legal and financial penalties and material loss consequences for failing to comply with specific laws and regulations.

Who would benefit from our compliance solution?

• Small and large enterprises recognising the need to have effective and efficient product compliance management
• Companies of any type and size realising that effective product compliance management contributes to overall business cost-reduction and improved market-competitiveness