Regulatory Compliance

Compliance will continue to increase in importance. We have seen significant regulatory changes in recent years, and we’re preparing for the imminent arrival of more.

• Financial controls certification requirements like Sarbanes-Oxley are still important
• New industry-specific regulation is here or on the way, like NERC, Solvency 2 and MiFID
• Information security and data privacy standards like HIPAA are growing in impact
• What else is over the horizon?

Usually, regulatory compliance is viewed as a burden by the rest of the business. Getting others to embrace it is a major challenge.

Develop the culture – companies that are successful with their compliance practices have implemented a top-down culture reinforcing its importance throughout the enterprise. A user-friendly tool that incorporates that culture and simplifies the process, like ERA, will help you succeed.

Prepare for changes – no one expects compliance initiatives to decrease. When selecting a compliance solution, you need to consider its flexibility to adapt to changing requirements and new regulation.

Streamline the process – when your business units participate in compliance reporting, you need to ensure that their time is used appropriately. Leverage past assessments, audit reports and risk programs to reduce repetition and inconsistency.

Methodware clients use ERA for many diverse compliance initiatives. Take advantage of our pre-configured compliance frameworks for Basel, MiFID, NERC and many other key regulations.