Real Time Risk Management Is Not Optional Anymore

Big Data, blog, Compliance Monitoring Software, Risk Management, Trust

Businesses in Europe and the US are poised to leave us behind. That may seem a bit blunt and perhaps is a slight overstatement, but the essence of the statement is true, according to new global data released by multinational professional services firm Ernst and Young.
The survey in question looked at businesses around the world and how they are managing their risk. While Australia has historically “been at the forefront of risk management”, we are now merely “on par” with our industrial global counterparts, and that is a concerning trend.
Today we consider how real-time risk management is necessary, in order to compete in global business.

How To Move From Reactive To Predictive Compliance

Big Data, blog, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

Compliance in many organisations is reactive rather than proactive, and perceived as a necessary evil to stay in business. More sophisticated organisations who place a higher value on compliance, however, are using the data from compliance audits to gain competitive advantage and mitigate risk exposure.
Compliance data, when collected correctly, is rich business intelligence and offers invaluable insight into internal and external business process, performance and control metrics. Digitised compliance monitoring systems are a necessity to gather this information in real-time, which is the only way this application of the data is effectively possible. The result of this forward thinking application of data is a state of “predictive compliance”.
Today we consider how real-time audit data can allow businesses to predict and prevent future compliance risks.

The New Global Economy Lowers Trade Barriers, But Not The Necessity Of Compliance

blog, Compliance Management

The internet has created unprecedented global business opportunities over the last decade or so, giving small companies the ability to compete with big players in countries all over the world. While this revolution is historic on every level, the world is now looking at possibly an even greater development: the breaking down of trade barriers between countries, even those that may have been inaccessible before.

Transparent Audit Results, Compliance Engagement and Workplace Safety

Audit Management, blog, Compliance Management, Risk Management, Work Health & Safety

Workplace health and safety can be a dull topic for employees, in most cases truth be told, but that doesn’t make it any less important. The challenge for management and compliance officers is to create engagement in this area for everyone involved, so that improving work safety becomes a regular part of a team’s goals.
In this article, we look at how companies can get employees engaged in compliance measures, to create a safer work environment.

The Future Of Compliance In The World Of Disruption

Big Data, blog, Disruptive Technologies, Drone Technology, Self Regulation

The key buzzword for business over the last decade has, without question, been “disruption”. A disruptive company, product, or service is one that brings an entirely new angle and vision to an existing industry, and when they do they make waves amongst both the current industry players and the governments that regulate them and their industry.
In this article, examine how new and disruptive industries and services are challenging regulation and compliance bodies.

Protect Your Business and Your People with Auditing

Audit Management, blog, Compliance Management, Risk Management, Work Health & Safety

Auditing has always been an important part of business success, but the recent and ongoing surge in regulations is making it a necessity that is more easily recognised. When auditing is internal and strictly used for company integrity, there can be more of a propensity for slacking. But when outside pressures are brought to bear, which carry the possibility of very steep fines and penalties, there is all the more reason to make sure that you’re compliant.

In this article we look at how companies can improve business and protect employees by auditing for work health and safety.

Too Big to be Non-Compliant, Why Take the Risk

Accreditation/Certification, Compliance Management, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

As we’ve preached for years now, regulatory compliance is more than just important in business, it’s an absolute necessity. And the larger the business caught in non-compliance, particularly in cases that affect public health and safety, the deeper and wider the implications and consequences of that non-compliance becomes. This has become very evident in the current scandal involving Volkswagen, the third largest automobile manufacturer in the world.
In this article, we look at the potential large-scale consequences of non-compliance, as demonstrated by the Volkswagen scandal.

How HSE Practitioners Can Better Manage WHS

blog, Compliance Management, Compliance Monitoring Software, Work Health & Safety

The Safety Institute of Australia’s is going to be held on 16-17 September 2015, at the Melbourne Convention and Exhibition Centre.
This Convention will bring together industry thought leaders and will encourage national and global involvement across the two days, outlining the need for change in systems and how looking beyond safety disciplines may be the answer.

Compliance Experts are a proud SIA Silver Corporate Sponsor and will also be sponsoring the plenary session titled “Challenging the Paradigm”