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Today it seems that there is a policy along with a huge list of procedures for everything. More than that though, the policies never seem to remain the same policy for long before a tweak here and an update there is made. The result? A HR department that are run off their feet trying to maintain control of policies and procedure in order to ensure that companies remain compliant with the latest laws and regulations. With policy and procedure management software though, companies are able to reclaim a huge portion of the time in writing, approving and distributing policies. Time that can then be used to improve other areas of the business.
The days where an employee has to go down to the ˜archives room’ in search of a file for a certain procedure is (hopefully) far behind us. If there is a huge room full of dusty filing cabinets in your office then it most certainly is time to assess your document management methods.
Policy management software is designed to automate the creation and distribution of policies as well as keep all policies in a secure place that is accessible by everyone who needs them. With the policy management programs, the huge dusty filing cabinets are all digital, which means rather than opening each drawer and searching through it file by file, users can simply type in the name of the policy and hit the search button. Within seconds, they will be able to see the results that they’re cleared to see. Not only that, but if a policy needs creating, managers will be able to search for the appropriate policies via the software. This will lessen the time spent on constructing policies from the beginning, streamlining the whole process.
While the policy is the idea or direction that the company must take to comply with the law, it is the procedures that ensure the policy is carried out to the letter in the most efficient way. Automated policy management software stores all policies and procedures in a central place that is accessible by everyone. This means that company procedures can be searched for and found in an instant. When transparency is paired with accessibility in this way, employees are far more likely to follow procedure and uphold policies.
Automated policy management software enables companies to be absolutely sure that they comply with the very latest laws and legislation by keeping all policies up to date. This involves taking a proactive approach to monitoring the expiration of policies. If a policy is due for expiration, competent policy and procedure management software will alert all appropriate managers, employees and other key stakeholders. That goes for any updates to current policies too.
Many forms of such software will archive older versions of the policies as a point of reference should anybody ever need them but only the most recent version, which will also be the current version of the policy will be visible to employees.
The automated policy and procedure software that is available today makes distribution of policies and procedure far simpler, saving companies a huge amount of time and money by reducing a large portion of administrative tasks while upholding the essential distribution and management of policies and procedures.
Next step: For a more in-depth discussion, read how streamlining the policy and procedure management lifecycle improves organizational efficiency and compliance.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
Protect intellectual property, manage grants, preserve student privacy, and outline ethical procedures.
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations, achiever greater transparency, and manage external scrutiny.
Establish procurement policies, outline employee safety procedures, specify quality control of products, and satisfy changing regulatory guidelines.
Adhere to HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations, safeguard patient information, and manage healthcare compliance processes.
Improve organizational transparency, underwrite policies and procedures, mitigate risk centers, and reduce volatility.
Avoid heavy penalties from local, regional, state and federal regulators, manage potential risks, and enhance employee safety and training retention.
Abide by FAA, DOT, FMCSA, FRA and FTA regulations, educate drivers and third-party vendors on guidelines, and streamline overall compliance.
Visit our resource library for industry best practice tips and for case studies on how our software has helped clients in your industry.