7 Benefits and Features of a Great Compliance Management Software

August 19, 2022

When it comes to processing valuable data, procedures, and related paraphernalia that sums up a case end-to-end, having a solid compliance case management system – which records, monitors, and analyzes – is critical. A compliance case management software deploys holistic strategies to manage operations and automate repetitive time-sucking tasks.

Regardless of the type of case, each one has its own “lifecycle” that comes with several requirements. Information and other data arrive in different formats such as emails, photos, interviews, and documents, among many others. From point A to Point Z – every case demands a series of tasks, actions, interventions, and human decisions. 

A great compliance case management software deploys knowledge-driven work for optimized outcomes within a digital environment. Read on to know how a great compliance management software can help your organization’s compliance ship sail smoothly for years to come. 

Features and Benefits a Great Compliance Management Software Brings to the Table

Companies like ComplianceLine offer integrated compliance case management solutions for businesses of all kinds. For instance, it ensures companies meet all GRC requirements by offering comprehensive issue intake: a compliance hotline that ensures a thriving workforce and the capacity for multiple intakes and analytics. Here are the benefits you can glean from a great compliance management software:

Multi-User Access

Only a robust multi-user access can foster a positive (and productive) collaboration. A great compliance case management solution offers a centralized application that aids secure information sharing to everyone involved in the case in real-time. 

How exactly is this valuable for your company? Instant access to all the latest information combined with smooth handoffs between tasks paves an effective path for case resolution. The result? Heightened productivity and smoother cooperation. The employees can get more done in very little time which in turn makes them more efficient at their jobs. 

Data Analysis Tools

A great compliance case management software improves the quality and speed of processes through insightful business intelligence and data analysis tools. Intelligent tools like maps, reporting dashboards, graphs, charts, and more help you detect, store, analyze, and resolve compliance issues with ease. 

When you have access to built-in tools, you can spot trends quickly, make informed decisions, and prevent any compliance risks from reaching your employees and business operations. You also end up saving tons of time when you no longer need to import files, and switch between screens when you have the recorded data and the tools in the same place. 

Flexible Accessibility

Companies that aim to build lasting compliance systems need more than just a filing cabinet or spreadsheets. With a centralized database, users can have flexible accessibility without having to look at a billion different places. In addition, a centralized database is the foundation of great compliance case management software. Any piece of data such as a report, graph, video or audio file, case note, deadline, or task – are all stored in a single online space that is fully secure and effortlessly accessible. 

Every case demands work that is lightning fast and a centralized database makes it easy to hunt for and find any information within seconds. 

Role-Based Approach

Role-based access capabilities are a big must for every compliance case. This feature is critical because many companies function in complex industries across several jurisdictions. 

A great compliance case management solution comes with built-in rules for each role that decides what each individual can see or do. In addition, the data involved in any compliance investigation is extremely sensitive. This makes it critical to create access controls that can help businesses give the right individuals access to the right information at the right stage of an investigation.

Remote Access

Remote access is an integral part of just about any cloud-based solution. It makes way for easy and secure employee access where users can access updates in real-time regardless of their physical location. 

Every business has employees who work remotely, “in the field”, or travel for business purposes. Remote access also helps save time and money. For instance, a supervisor at a company’s construction site can easily upload health and safety incidents which can be accessed by a private investigator who can take notes and run surveillance at the same time. In addition, remote access ensures no details get lost down the line. For instance, when you can access the solution anytime, anywhere, you can simply make notes as you think of them instead of burdening your memory with it until you reach the office. 

No Space for Human Errors

When it comes to tracking and resolving compliance cases, an excel sheet or “notes on paper” are far from the solution. This approach not only widens the scope of errors but also increases the possibility of losing valuable data. A great compliance case management software ensures all your data is collected and stored in a centralized database to ensure the smooth management of a case. 

Better Security

Case management systems include oceans of confidential, private, and sensitive information. A great compliance case management software is a form of private cloud technology that offers sophisticated security and encryption. When your compliance case data is stored in the cloud, it means it is much better protected than it would be if it were stored onsite at your company. 

The latter makes your data vulnerable to cyberattacks and increases the possibility of valuable information getting deleted. If all your data exists in the cloud, on the other hand, it remains secure in several servers across several locations. In addition, robust security features and strong encryption ensure all the access to your data is governed 24/7. 

Conclusion

Many businesses believe the cost attached to compliance case management software is prohibitive. Unfortunately, that is a flawed belief. 

Solutions like ComplianceLine are not only affordable but also help businesses lower compliance-related expenses. It smoothes out all your compliance creases by catering to several policies, laws, and regulations so you can shift your focus to expanding your business. 

ComplianceLine is now Ethico!