Compliance

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redflare . compliance

Manage your compliance universe

Complex legal obligations translated into actionable questions – create a culture of compliance within your organisation by collecting evidence of compliance at the front line. Off the shelf pre-configured universes covering Credit Union Acts 1997 to 2012, the Governance Code (A, B & C), Healthcare Standards, Banking Regulations, and others created and reviewed by our team of qualified auditors, compliance officers and data protection officers.

Benefits

Embed a compliance culture

Track breaches and assign actions

Save time and free up resources

Eliminate manual reporting

Very easy to use and intuitive

Real time reporting

Standard import routines

Full audit trail

Avoid End User Developed Application (EUDA) risk with a secure certified fully auditable compliance management system

Functionality

Compliance Manager is rich with features and functions designed to streamline the compliance environment of its users

The product is extremely robust and can be tailored for a variety of  compliance environments e.g. credit unions, hospitals, nursing homes, banks, charities, and other regulated entities. Run multiple compliance programmes in parallel and concurrently; respond with ad hoc themed inspections when compliance risks are identified.

Enables the user to create compliance categories and subcategories for planning purposes. Simply populate these with your compliance questions and you are ready to commence.

KPI’s and audit management dashboards clearly show you the status of the current audit and tasks to complete. Tiered Access Controls have been designed to enable differing levels of signoff /approval, depending on your role.

Acts as a secure document repository for all evidence, correspondence, valuations, emails, etc., in any format type, to support your decision.

  • Multiple compliance plans

  • Regulatory reporting supported – ACS

  • Quick reference and search functions

  • Import compliance questionnaires

  • Email notifications and alerts

  • KPI Compliance status oversight

  • Year-end clone and copy routines

  • Compliance assessment evidence

  • Breach register

  • Materiality statement builder

We have developed a suite of reports by incorporating best practice reporting standards and user feedback to meet all the needs of its users such as: the Compliance Officer, Internal Audit, CEO, Management Team and Board of Directors

Reporting

The reporting function is constantly growing and evolving to meet the needs of the maturing and expanding requirements of our clients.

Reports can be tailored and filtered ensuring only relevant information is used for reporting

red flare provides instant reports containing data which is are comprehensive and flexible, in PDF or excel.

A sample of the reports generated are as follows:

  • Overall organisational compliance status

  • Compliance breaches, summary and detailed

  • Breach register: detailed and extracts

  • Compliance trend reports

  • Updates on compliance obligation treatments programmes

  • Compliance history/audit trail

  • Compliance Headline report

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