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COMPLIANCE RISK MANAGEMENT SYSTEM

COMPLIANCE RISK MANAGEMENT SYSTEM

Overview

What is COMPLIANCE RISK MANAGEMENT SYSTEM?

The Compliance Risk Management System, developed by Compliance Solutions, aims to assist businesses in identifying and mitigating compliance risks at an early stage. According to the vendor, this solution is suitable for businesses of various sizes and is particularly beneficial for risk managers, compliance...

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Pricing

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  • No setup fee

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  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is COMPLIANCE RISK MANAGEMENT SYSTEM?

The Compliance Risk Management System, developed by Compliance Solutions, aims to assist businesses in identifying and mitigating compliance risks at an early stage. According to the vendor, this solution is suitable for businesses of various sizes and is particularly beneficial for risk managers, compliance officers, legal professionals, financial institutions, and healthcare organizations.

Key Features

Holistic Risk Management: According to the vendor, the Compliance Risk Management System covers a wide range of compliance risks such as corruption, cartelization, money laundering, data protection, and technical compliance. It utilizes AI-powered technology to analyze the likelihood of these risks occurring.

Guided Processes & Integrated Systems: The system employs user-friendly guided processes to ensure the efficient distribution, collection, organization, and evaluation of information. According to the vendor, it facilitates the documentation of decision-making processes and seamlessly integrates with other business processes and systems.

Risk Aggregation & Assessment: The system allows risk managers and employees to centrally assess individual risks and their potential impacts. It aggregates and evaluates the data collected from these assessments to provide a comprehensive view of risks. According to the vendor, the results of risk assessments can be used to identify trends, patterns, and areas for improvement.

Individual Questionnaires for Business Partners: The Compliance Risk Management System enables the creation of individual questionnaires for business partners. These questionnaires can be customized to gather specific information related to compliance risks. According to the vendor, the system streamlines the process of collecting and analyzing data from business partners to identify potential risks.

Regular Review of Potential Risks: The system supports regular reviews of potential risks to ensure ongoing compliance. It provides tools and functionalities to assess and monitor changes in laws, regulations, and business operations. According to the vendor, regular reviews help companies stay up-to-date and proactive in managing compliance risks.

Automatic Generation of Measures and Actions: According to the vendor, the Compliance Risk Management System automatically generates measures and actions based on identified risks. It provides recommendations and suggestions for mitigating and addressing compliance risks. This feature helps companies streamline their risk management processes and implement timely actions.

Over 20 Languages and Translations: The system offers support for over 20 languages and translations, allowing users to interact with the system in their preferred language. According to the vendor, this feature enables multinational companies to effectively implement the Compliance Risk Management System across different regions.

Standard, Turnkey, and Customizable Options: The Compliance Risk Management System provides different options to suit the needs of companies. Standard workflows offer best-practice processes for risk management, while turnkey implementation ensures quick deployment. According to the vendor, the system is also customizable for enterprises that require tailored functionalities and workflows.

Interfaces to Other Software Systems: The Compliance Risk Management System seamlessly integrates with other software systems, including master data systems, for quick access to relevant information. According to the vendor, this feature allows for efficient data exchange and collaboration across different platforms.

COMPLIANCE RISK MANAGEMENT SYSTEM Features

  • Supported: Audit Management
  • Supported: Compliance Management
  • Supported: IT Risk Management
  • Supported: Operational Risk Management
  • Supported: Risk Analysis
  • Supported: Risk Assessment
  • Supported: FDA Compliance

COMPLIANCE RISK MANAGEMENT SYSTEM Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWeb-Based, Mac, Windows, Linux, Chromebook
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