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With the increased focus on corporate responsibility, and accompanying legislative requirements, the executives and the board are now ultimately responsible for compliance. Typically this compliance has been managed at lower levels within the organisation – meaning that many executives often do not have the knowledge and training to handle the compliance responsibility – and tend to rely on costly and cumbersome solutions to this problem.

Software and Services Overview

ComplySoft’s Compliance Risk Management Engine can lead the organisation through the complex risk management steps in a way that is clear, simple to follow and to understand. This in turn enables executive management to control, and the board to take responsibility for, the organisation’s compliance to the applicable legislations and rules. ComplySoft provides automatic updates to the legislation therefore an organisation can stay on top of its compliance responsibilities and easily mitigate risk.  The software can be utilised across most industries (in addition to the financial sector) by organisations  that have requirements to manage several legislations.

The burden of compliance legislation on the small to medium enterprise (SME) market has been enormous in the last decade and is forecast to increase steadily as organisations are forced to focus more and more on compliance and regulatory control.  ComplySoft’s Desktop Compliance Solution offers an SME business the opportunity to buy only the legislations required for the specific users who hold the responsibility for a particular area of compliance, for example, the Human Resources Director, the Finance Director or their allocated responsible staff member. Using the desktop version allows the user to access the risk management framework and filters to handle the compliance management quickly and simply. 

Many organisations have invested large amounts of cost, time and effort towards managing compliance but the one aspect of compliance management which remains an issue even in today’s digital and electronic world is the managing of the legislative content and the ongoing updates. Using ComplySoft’s Content Management Solution the enterprise is able to import the chosen legislation updates into their existing technology framework or into ComplySoft’s software.  ComplySoft keeps the legislation content up to date and the organisation has the option to synchronise to the updated versions as desired.

The key to successful compliance is the integration and application of the philosophy and processes into the culture of the organisation – ComplySoft offers a range of Consulting and Training Services designed to implement ComplySoft applications quickly and easily, as well as train key personnel within the organisation. The Consulting services cover most aspects of compliance management and related key topics of concern or interest.