Without clear guidelines and objectives, it’s easy for the lines of responsibility to become blurred, resulting in compliance officers taking on too many tasks without the necessary resources to get their jobs done efficiently and accurately, and ultimately, losing sight of their key objectives.
It’s very easy to get caught up in the day to day operational details and miss vital compliance requirements that can affect the future value proposition or sustainability of the business.
At the core, compliance officers are responsible for ensuring that their business delivers on their promise. However, there are a myriad of obstacles to manage if guidelines aren’t in place with effective systems and efficient tools. It’s easy to become overloaded and lose direction, when you consider there’s; HR Compliance, WHS Compliance, Plant and Equipment compliance, QA, customer satisfaction that can all fall on the shoulders of the compliance officer.
What compliance systems and tools do
An efficient compliance system and tool will help you map out critical business decision points. It should:
- Include checklists to help you to map out critical business decision points and stay on track.
- Provide insights to help you make critical business decision with confidence.
- Give you a systematic approach to ensuring that each and every aspect of the product or service you are delivering to your client matches with your promise.
- Include a dashboard – this overview will give you the capability to quickly navigate around roadblocks or avert potential problems.
If your compliance system does not give you all of this, then it may lead to inefficiency, or additional costs/fines as a consequence of non compliance.
Watch the video below to learn how our integrated cloud-based compliance solution can help you.
Find out more about Compliance Checkpoint here.