Generally, compliance means conforming to a rule, such as a specification, policy, procedure, standard, or law. Meeting regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of, and take steps to comply with, relevant laws and regulations. Additional examples of compliance include
Companies often assume that ensuring compliance requirements are met is as simple as performing a scheduled compliance audit. While compliance audits are extremely useful for a single point in time, and in many cases legally necessary, they only provide a snapshot of how compliance is handled within a company. Compliance management addresses a company’s ongoing compliance requirements. The solution should be flexible and have the ability to grow with your company. It also needs to be easily incorporated into the culture of your business, and effortlessly implemented with every department.
be sure to check out our compliance management video