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Staying compliant with compulsory regulation is a necessary part ofrunning a business. Non-compliance can be punished with severe finesand penalties, so it is essential to keep up-to-date and understand whatis expected and the most efficient way of achieving that.
There are a number of reasons businesses might be regulated, includingmeasures introduced to reduce or eliminate the following:
- Environmental damage
- Risk of illness or danger to staff, customers,and the general public
- Poor auditing and accounting standards, incomplete company records
- Corruption or bribery in business dealings
- Poor quality goods or services that do not meet the standard expected
Compliance management is the process that ensures your organisation isstaying on the right side of the law across the board, made up of thesteps taken to monitor and enforce compliance. Managing complianceinvolves setting up procedures and controls within a company, as well asthe documentation and benchmarks overseen by managers.
The adoption of business process management software can help with thiseffort significantly. You can record data in real time, documentationcan be created automatically from existing records, and alerts can beset to enforce benchmarks. All of these things give employees a clearframework to meet regulatory standards consistently.
SwiftCase provides these tools and more. As well as helping you to runan efficient, streamlined business, our cloud-based based platform isideal for industries where regulatory compliance is a legal and ethicalnecessity.
Examples of SwiftCase assisting compliance management:
Medical rehabilitation
Managers can use SwiftCase to set reminders to collect patient consent. Legally, they need to renew this permission within a given timeframe. So, if it has not been renewed within that limit, the case can no longer proceed until it is given and recorded. Our healthcare solutions include built-in compliance workflows, and you can see how a trauma patient support organisation uses SwiftCase for patient case management.
Construction/maintenance
Businesses in this sector need to carry out health and safety checks, such as those involved with working at height. Documentation can be completed by employees out on the job using our case management tools, and instantly reviewed by management at head office. If satisfied, then work can proceed. This saves the time and effort involved in having the managers travel out to the site itself. See how a commercial roofing company manages site compliance with SwiftCase, or explore our property solutions.
Financial
Workers in the financial industry can ensure they have collected all of the necessary legally-required information on documents, for example, Letters of Authority. Automatic emails can be generated, listing any missing information, and sent back to the staff member responsible, which must be included before the case can proceed. Our insurance solutions include FCA-compliant workflow automation, and a leading UK insurance broker processes over 11 million cases through SwiftCase with full audit trails.
There are times when staying compliant becomes more complex andchallenging, such as when your business is growing, expanding the rangeof services it provides, or when new government legislation has justbeen introduced. SwiftCase’s flexibility means that it can adapt to yourrequirements, ensuring you avoid fines and penalties that couldsignificantly hurt your bottom-line or harm caused by unregulatedbusiness practices.
If you’re interested in consistently meeting your regulatory obligationsby using a powerful business process management platform,free, no-obligation SwiftCase demo today.
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