Compliance Management App Summary

Applicability Assessment 

  • Scope all frameworks, topics, subtopics and requirements relevant to Business Units across the organization
  • Complete Applicability Assessment for each requirement to determine if it's relevant to your line of business.
  • Provide rationale for requirements deemed as not applicable

Assess Risk 

  • Notify Requirement Owners to perform Risk Self-Assessment for their assigned requirements
  • Requirement owners are expected to review requirement description and can use Historical Trending to get an understanding of assigned requirements
  • Requirement Owners determine inherent risk, document all known controls, and evaluate residual risk.
  • Determine Level of Compliance
  • Create or add new Issues and Actions, if needed

Review, Remediation, & Monitoring

  • Review the results provided by the Requirement Owner. Based on the inherent risk, documented controls, and residual risk, determine whether the requirement is compliant, partially compliant, or not compliant.
  • An overview of all issues and corrective actions in a compliance assessment.
  • Address all outstanding issues and corrective actions
  • Create or add new Issues and Actions, if needed

Key Reporting

Out-of-the-box Company and Business level reports:

  • Management Dashboard
  • Executive Dashboard
  • Compliance Management Status Overview
  • Compliance Executive Summary
  • Risk Overview Reports
  • Status Reports
  • Issue Summary Reports
  • Compliance Testing Plan by Business Unit
  • Not Applicable Requirements

Managing Library of Content 

  • Access to the library of relevant content
  • Upload own content to maintain the library
  • Receive selected Resolver Content
  • Review Regulatory Change Log and control information to all assessments