With Compliance Science, the word ‘compliance’ will come up a lot. It’s what our Standard is based around, and it is what we offer to Institutions around world. However, many people don’t quite understand the meaning of ‘compliance’ and how it can benefit a brand in many different ways. Today our goal is to put that confusion to rest.
Today we will be Delivery the definition of compliance. We will be discussing what it means, why it’s important and how it relates to everyday business management. This will give a better understanding to compliance, and will hopefully encourage you to take the necessary steps to getting your business 100% compliant.
What Is Compliance Science?
Compliance is defined as follows: “Compliance is either a state of being in accordance with established guidelines or specifications, or the process of becoming so. Software, for example, may be developed in compliance with specifications created by a standards body, and then deployed by user organizations in compliance with a vendor’s licensing agreement. The definition of compliance can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation.”
In simpler terms, compliance is the ability to work under a set of rules or regulations. It means that you’re doing only what you are trained to do – and doing it properly. Compliance is doing your job without taking shortcuts, or putting the safety of yourself or others at risk.
Compliance Science provides governance, risk management and compliance solutions to the financial services and professional services community. Led by ICAS in the GRC space, Compliance Science uses web-based corporate compliance technology that leverages a robust data network and innovative forensic analytics to monitor employee risk and automate code of ethics compliance. Clients include , broker-dealers, private equity firms, hedge funds, banks, pension plans, public companies and professional services firms – all of whom rely upon Compliance Science to help protect them from the specter of reputational damage and revenue loss from non-compliant activities
Why Compliance Science Is Important
The most important thing to take note of in this definition is the fact that compliance means encompassing efforts to ensure that organizations are abiding by both industry regulations and government legislations. This is important as it directly effects companies in one key area – health and safety. There are tons of current regulations and legislations that give importance to being up to date with health and safety training in the workplace. Unfortunately, with so many certifications to keep track of, this can be proven difficult.
However, it’s important to be compliant in the workplace, as a workplace without compliance can be extremely detrimental to your business. Without compliance, workers may take shortcuts or use tools that they don’t have proper training for. This can lead to potentially dangerous situations that can result in not just monetary fees – but put people’s safety at risk.
Compliance Science
This is where Compliance Science comes in. Compliance Science provides a platform where all this important information is easily accessible. This includes: risk assessment, training, documents, inspections and incident reporting. What does this mean? It means that Compliance Science is an efficient way of getting your company 100% compliant.
Compliance Science is the perfect tool for managing your organization. By focusing on helping you maintain compliance and improve performance in seconds, Compliance Science ensures that making and maintaining 100% compliance is achievable with significantly less effort than traditional methods. By becoming 100% compliant, you will immediately see improvements in the way your business runs.
Compliance is a state of being in accordance with established guidelines or specifications. Becoming compliant can ensure that all the rules and regulations in place are being followed, and efficiency and productivity in the workplace will improve as a result. Compliance Science can help ensure that your brand becomes a leader in compliance
So where does Compliance Science come in in all of this? Compliance Science is software that will make it easy to boost your brand integrity by creating accessible and precisely organized data. It puts your documents in one place, and allows the ease of accessing information about which training you have, and which training you still need.
By reaching 100% compliance with your company, you are showing integrity. Compliance Science’s sole purpose is for managing and maintaining management systems such as health & safety, quality and environment to demonstrate compliance, due diligence, and withstand the rigorous audit processes. This means that with the contribution of your employees, your team can come together and make your brand 100% compliant.
Brand integrity is an essential part of a brand. Integrity shows that your brand can be trusted both customers and your employees. In this digital age where word travels faster than a jet plane, brand integrity is as important as ever. That’s why you should ensure that you take the necessary steps to boost your brand integrity by utilizing big data processing and compliance.
Brand Integrity: Big Data and Compliance
Brand integrity is something that is incredibly important to one’s business, yet is arguably not thought about often enough. But why is brand integrity so important? For that matter, what does brand integrity consist of?
Today we will be showing how Compliance Science is a real world application of big data processing and reporting across the enterprise, and what that means for your business. Boosting brand integrity can directly result into improved business, both on consumer level and on employee level.
What is Brand Integrity?
Brand integrity is the ability to present one’s brand in an honest wording with proof that backs those words up. It’s when your brand is both honest and respectable without sacrificing its standards. A brand’s word can make or break it. Integrity is what shows that when your brand says something – it WILL get done.
This is both internal and external. To your customers, this means that your brand is accountable for the information that it gives out. For example – if you own a chain of restaurants, and your marketing team puts out a promotion, it’s your responsibility to make sure that the promotion is upheld throughout the entire chain of restaurants. If even one of your locations doesn’t give out the promotion due to ignorance or neglectfulness, it will damage the entire brand’s integrity.
On the other end of the spectrum, brand integrity also comes into play with how you interact with your employees. It’s important that when it comes to your employees, you show transparency. This means that you show your strong moral principles to your employees by ensuring that you do what you say you’re going to do. If you’re going to implement a new health and safety system – get it done. If you say you’re going to give out Christmas bonuses, ensure that it happens. Integrity not only creates a better workplace atmosphere, but builds a trust between the brand and its employees.