QUMAS Compliance Closed-loop Process
The QUMAS Compliance Closed-loop Process highlights interdependencies across the enterprise, and provides a proactive way to capture and identify regulatory violations and compliance risk. Using this approach, you can accurately document compliance strategies, take appropriate corrective actions and provide a strong regulatory defense. Compliance activity and data generation are standardized and integrated across the enterprise while creating a repeatable, sustainable and cost-effective compliance foundation.
Click on this diagram to assess the health of your GRC program within your own organization.
Benefits
- Better, more informed decisions - based on visibility across enterprise; expedited access to correlated, meaningful information ensures informed decisions are made on compliance challenges.
- Reduced governance costs - integrated corporate governance with a focus on commonality significantly reduces the number of people and time required to manage compliance.
- Business sustainability - creation of explicit link between compliance, performance management and business value.
- Proactive regulatory defense - by demonstrating a high state of compliance risk management, firms can minimize the risk of costly investigations, reducing reputation risk and increasing the probability of negotiated dispensations.
- Increased shareholder value - an optimal defense against regulators is reflected in brand and reputation and share price premiums.
- Improved business performance and predictability - New operational efficiencies gained from automated information flow and a systematic process for anticipating and mitigating risks.
- Exceptional value with one robust solution - by eliminating manual and rote activity and centralizing core functions, productivity per employee increases in compliance and audit functions and eliminates the need for many point solutions for specific regulatory programs.