The last challenge is being able to control access. Proper organization and access control ensure any file can be found quickly, whether for an auditor, a contributor, or an employee.
Policy and Document Management Solution
Manage your Policies and Documents.
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The Challenges
Managing company policies and documents and ensuring they are easily accessible to relevant personnel has always been a difficult task. Now more than ever, this is challenging as regulations and standards continue to update due to technological advancements. This makes managing document life cycles crucial.
Paper and mixed media-based systems in particular are not scalable. Files can get misplaced and destroyed, and take up an ever-increasing amount of space. There is also the distinct challenge of managing accountability, both for managing documents and policies and for employees reviewing them at the required intervals. Without software, this is a difficult and manual process.
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The Impact
Policies and procedures are the foundation of any properly functioning organization. If these policies are flawed or inaccessible, then problems quickly make an impact on your business.
Perhaps the largest impact results from policies that are not updated in time. Organizations can only be as compliant as their policies, so failure to update these as standards change and technology advances leaves your organization at unnecessary risk and increased liability.
Improper policy and document management creates poor visibility, wasted resources through redundancy and overlap, files that are out of sync, poor public perception, and inaccurate reports.
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Achieve your Policy and Document Management Goals with RiskWatch
Central Repository
The RiskWatch platform serves as a central repository, allowing organizations to easily access, share, analyze, or update all risk, security, and compliance-related information. This makes sure all data is organized, accurate, and easy to secure. Since data is entered into the platform and then automatically analyzed and reported on, data quality significantly increases.
- Streamlines processes and eliminates redundancies with transferring data.
- Centralizes the storage and maintenance of data.
- Generate a higher ROI by eliminating costs of poor data quality, erroneous information, and uninformed decision making.
Prebuilt Content Libraries
RiskWatch offers over 50 prebuilt content libraries that are ready for use in our platform. These libraries contain industry standards and regulations, lending subject matter expertise and guidance for organizations. Achieving compliance with these libraries ensures risk is minimized.
- Simplify data entry with easy input assessment questions.
- Reduce unnecessary costs by eliminating the need for third-party expertise.
- Custom libraries and any standard or regulation not already available can be created.
Automated Communication
The RiskWatch platform automates communication, reducing manual labor and ensuring completion. The platform handles introducing new members to the platform and explains the tasks that are required of them. Automatic reminders occur as deadlines approach and escalation to administration occurs when progress does not occur as expected.
- Eliminate emails, phone calls, or manually meeting team members where unnecessary
- Save an average of 2 hours per assessment with automation.
- Document requests, client interviews, assessment briefings, and more are all automated win the platform.
Product Overview
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Reduce exposure to liability. Manage risk. Monitor and maintain security.
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