The role of regulatory examinations, the volume of enforcement actions, and the size of civil money penalties have accelerated over the years. With increasing oversight from Regulatory Bodies, and new regulatory requirements, companies are realizing that their compliance risk, if not managed, can result in costly fines and significant damage to their reputation.
As the compliance challenges continue to grow, there is increasing justification for leveraging technology and GRC software solutions, such as sonabs.
sonabs helps you stay ahead of the regulations, better manage the entire compliance and operational risk profile, and then focus on individual audit plans on the areas that have the highest inherent or highest residual risk.
How do you assess the risks you face, stay compliant with ever-changing regulations and keep operations under control? How do you track progress or changes in various tools and spread sheets?
sonabs structures all strategic, operational and legal requirements in a single information, steering and control tool. It provides you with the ability to gain a holistic view of risk, manage workflows, support compliance implementation and ensure oversight. Read more about sonabs...
ba-management enables Operation, Legal, Risk, Compliance Officers and IT to manage the current and projected requirements, impact and costs, and to monitor the progress of mitigation.