Regulatory compliance
All businesses are affected by regulation. Compliance is never an issue to be treated lightly or relegated to a task to be resolved only when a deadline looms. Organisations have to be ‘blemish-free’ as far as the regulators are concerned. Statutory requirements, however, can also drive organisational benefits, ranging from internal efficiencies to external perceptions, from reducing costs, to maximising profits.
Genius Methods can help you fulfil more than just your obligations.
We can help when organisations need to:-
- Interpret regulatory requirements accurately to determine which are applicable to their business;
- Translate obligations into action points-
- Task identification;
- Who is to perform the tasks;
- When and how often;
- What evidence of competent completion or exception needs to be provided;
- What checks need to be put in place;
- What monitoring is required;
- What internal audit processes need to be followed on what sample and how often;
- Corrective actions.
When the regulator visits, the chances are you will find that the use of word documents, spreadsheets, calendars and task lists will suddenly seem somewhat less than the best you want to provide.
No need to feel intimidated ….. 
Your information needs to be recorded, controlled and disseminated accurately, to ensure consistent usage, transparency and ability to prove due process.
Genius Methods provides a robust environment in which to handle these processes.
Many companies feel that it cannot happen to them, but non compliance is a reality, one that you need to reduce the risk of occurence, minimise the negative outcomes and ensure systems can prove all efforts possible are in place to control the impacts. See three examples of high profile cases in early 2010.