What should I consider regarding compliance management systems?
Compliance simply means adherence, and it involves the many requirements that businesses and organizations face today in following laws, regulations, and standards. This can range from the General Data Protection Regulation (GDPR) and ISO standards to financial guidelines such as IFRS16, cybersecurity requirements under NIS2, or new regulations for digital resilience like DORA.
Ensuring compliance is a challenge for most organizations – regulations are becoming increasingly complex, and non-compliance can lead to hefty fines or lost trust. Therefore, a compliance management system is an essential tool for creating control and structure. With the right system, you can automate processes, document your work, and quickly identify risks, making it easier to meet requirements while also working proactively.
A modern compliance management system also helps you build a long-term and sustainable framework for governance, risk management, and internal controls. This way, you can not only meet legal requirements but also strengthen trust with customers, investors, and authorities.
There are many different solutions on the market, and it is important to compare the options to find one that matches your needs. Different industries face different types of regulations – therefore, choosing the right system is crucial for a secure and future-proof operation.
Why is compliance so important?
Today, compliance is a prerequisite for many businesses to function and be able to do business with customers. Regulations and compliance are essential to avoid mistakes or even terminated contracts – and worse, fraud and money laundering. Your work with compliance becomes much easier if you use digital tools or systems that can help automate processes. BusinessWith assists you by listing compliance management systems and compliance tools available in the UK market today. Welcome to find your compliance system or tool today.
Quick Guide
Quick Guide
What should I know about compliance management systems?
A system helps you stay on the right side of the law and follow regulations. A compliance system is often an integrated system and consists of everything from documents and functions to tools that help a business or organization comply with legal requirements. This is to minimize the risks of harming a customer. Today, a compliance system is a must for a variety of organizations – manually trying to manage compliance is not recommended. Besides ensuring compliance, like other systems and tools – this saves you both money and time, as processes can often occur automatically and without much manual intervention from you. Avoiding headaches is also a benefit to consider. But which compliance management system should you use? How should you work with compliance? Let us at BusinessWith help you – compare tools directly with us, or contact us for assistance and advice.
Description of product features
API
Background checks
Completed regulations
DORA
ID identification
IFRS16
NIS2
Onboarding
PEP identifications
Real-time updates
Risk assessments
Watch list