Compliance Management

During a global recssion, compliance with regulations is high on the agenda of private sector organizations. These are the areas that must be attended to in order to maintain customer confidence.

There are many standard procedures in place for corporate governance and risk management. There are also well-established procedures for compliance with regulations.

In this latter area, our researchers have found that the cost of compliance using conventional procedures can be very time-consuming and expensive. To this end, Amplios has established a strategic alliance with the UK's Profile group, the developers of the e-Master assessment software.

APPLICATIONS IN ASIA

In Asia, the application areas being targeted are such as:

Regulatory Compliance

• Legislative and Legal Process
• Regulatory Agencies
• Key Laws and Regulations

Environmental Health & Safety

• Air Quality /Emissions
• Wastewater Discharges
• Water Resources
• Hazardous Waste Management
• Solid Waste Management
• Environmental Liability
• Radioactive Materials Handling and Disposal
• Hazardous Substance Compliance Programs
• Environmental Noise
• Storage Tank Management
• Remediation

Others

• Property Transactions
• Emergency Planning
• Occupational Health and Safety

e-MASTER^© can improve any organisation's or individual's performance, no matter where the requirement lies - in training, regulatory affairs, safety assessments, security, audit, policing, project management, assembly processes - the options are endless.

Ideally e-MASTER^© is operated using a tablet PC. The tablet PC, the size and weight of an A4 notebook, will allow an event, or portfolio, to be captured and recorded onto a CD-ROM in hand-written text, typewritten text, scanned material, audio, video, snapshot or e-mail format. The evidence, or work collected in real time, can then be accessed, collated, assessed, fingerprinted, downloaded, or printed out. The tablet PCs can be specked to operate in hostile environments and even permit GPS technology, so recording the actual location of the event being monitored without any loss of content or definition.

Public Infrastructure maintenance involves comprehensive compliance management

The e-Master software allows examiners to conduct assessments in the field using Tablet computers, as well as desk PCs.

The software assists the user to record photographic / video evidence of breaches of regulations. 

In the UK, the software in use or under assessment for use in many fields, such as:

• Care
• Health and Safety
• Law Enforcement
• Learning Skills Councils
• Legislature
• Leisure
• National Health Service
• The Rail Infrastructure
• Universities and Technology Colleges

The application is tailored to suit the specific needs of the topic under assessment in each case.

To view an audio flash presentation please visit:

 www.e-master.uk.com/emasterpreview

Need more information? Please contact us.

Compliance in Context: From Wikipedia:

Governance, Risk Management, and Compliance or GRC is the umbrella term covering an organization's approach across these three areas. Being closely related concerns, governance, risk and compliance activities are increasingly being integrated and aligned to some extent in order to avoid conflicts, wasteful overlaps and gaps. While interpreted differently in various organizations, GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws and regulations.

Governance describes the overall management approach through which senior executives direct and control the entire organization, using a combination of management information and hierarchical management control structures. Governance activities ensure that critical management information reaching the executive team is sufficiently complete, accurate and timely to enable appropriate management decision making, and provide the control mechanisms to ensure that strategies, directions and instructions from management are carried out systematically and effectively^.

Risk management is the set of processes through which management identifies, analyzes, and, where necessary, responds appropriately to risks that might adversely affect realization of the organization's business objectives. The response to risks typically depends on their perceived gravity, and involves controlling, avoiding, accepting or transferring them to a third party. Whereas organizations routinely manage a wide range of risks (e.g. technological risks, commercial/financial risks, information security risks etc.), external legal and regulatory compliance risks are arguably the key issue in GRC.

Compliance means conforming with stated requirements. At an organizational level, it is achieved through management processes which identify the applicable requirements (defined for example in laws, regulations, contracts, strategies and policies), assess the state of compliance, assess the risks and potential costs of non-compliance against the projected expenses to achieve compliance, and hence prioritize, fund and initiate any corrective actions deemed necessary.

Widespread interest in GRC was sparked by the US Sarbanes-Oxley Act and the need for US listed companies to design and implement suitable governance controls for SOX compliance, but the focus of GRC has since shifted towards adding business value through improving operational decision making and strategic planning. It therefore has relevance beyond the SOX world.

Governance, Risk, and Compliance or "GRC" is an increasingly recognized term that reflects a new way in which organizations are adopting an integrated approach to these aspects of their business.

BENEFITS

The benefits of the e-Master solution include:

•           Accurate real-time, on-site competency measurement in any subject

•           An electronic, paperless, portable and user friendly cost beneficial solution              

•           Reduction in down-time        

•           Removal of language barriers

•           Accessible performance and progress indicators         

•           Enhanced quality and speed of delivery       

•           Increased training efficiency and profitability          

•           Reduction and simplification of administration        

•           An automated evidence collection, assessment and verification trail           

•           Secure capture of confidential/personal data 

•           State of the art technology      

•           Reduction of information delivery costs       

•           Environmental savings           

•           On-demand visual record of progress              

•           Multi-management of tasks and of personnel              

•           Speedy completion of record of achievements            

•           Pause and restart facility in recording information      

•           Elimination of problems created by changes in assessors or employers          

•           Elimination of the need for continual on-site assessment