Corporate scandals have spotlighted the need for more stringent compliance regulations for publicly listed companies throughout the world. The most significant regulation in the United States is of course the Sarbanes-Oxley Act. It defined significantly tighter personal responsibility of organizations for the accuracy of reported financial statements. As more and more regulation is enacted, organizations must be concerned about their compliance with new policies, laws and standards that result from the regulation, and also concerned with the software used to manage that compliance. Compliance Software is a growing concern as more regulations become ratified. This software can help with keeping track of the myriad ways new regulations affect businesses.
BWise Compliance Management software can help with the administration of an organization's compliance. It is a robust and thorough piece of compliance software, tracking all compliance issues. Users can input incidents and risks in one place resulting in not only a central repository of compliance risks, but also integrating and cross referencing with BWise Loss & Incident Database and BWise Risks Assessments software. All compliance information is gathered in one place, including all surveys, assessments and questionnaires. This information can then be gathered and compiled in easy to read and understand reports and dashboards for stakeholders. So, not only does the company see the benefit of managing its compliance, but it can also lead to better efficiency among workers, management and stakeholders.
BWise Compliance Software is one small part of the larger integrated offerings from the company. BWise is the global leader in Governance, Risk Management and Compliance (GRC) software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI.
More information:
Find out more about BWise' Compliance software or request our Compliance Product Sheet.