Wednesday, March 9, 2016

Why managing your Risk Assessments with ComplianceBridge is better than what you are doing now



Risk.  It’s difficult to imagine one word has such as impact on our behavior and mindset.  The word encompasses and conjures many implications; the potential for harm; that vigilance is required; that all might be not quiet on the Western front (so to speak).  At the other extreme end of the spectrum, what may be considered the Homer Simpson “Doh!” world of risk; not knowing or understanding what risk means for any organization until it occurs, could be just as disastrous as 
not doing anything to manage and mitigate risk.

Risk weighs on our psyches.  Where is the next major disaster going to occur, when will we face another emergency, and what will we have to do to mitigate this risk…?  How will we prevent this from happening again?  

As you can imagine, that one word, with its myriad of implications, has affected the way enterprises conduct their day-to-day operations.  Individuals such as Compliance Officers, Risk Managers, et al are professionals dedicated to seeking out and mitigating risks, but only when these roles are present in an organization. You’d be surprised how many organizations don’t have dedicated individuals that fill these roles.  Most wear multiple hats.  Policies, oversight, procedures, processes, firewalls, and numerous activities and strategies are put into place to counter this omnipresent concept; Risk.



However, despite all the efforts to mitigated and reduce risk, it can never fully be eliminated.   The term itself implies a nebulous characteristic- you never really know who, what, when, where, or why certain adverse events may occur- unless your name happens to be Nostradomous.   The best an organization can do, is prepare itself with the best and most flexible tools the marketplace can offer, in order to minimize organizational risk and respond to an ever changing business environment.

Monday, February 1, 2016

Webinar 'How to Manage and Conuduct Your Risk Assessments and Audit Surveys Online' February 18th, 1est / 10pst

Thursday, February, 18 2016 at 10am PST, 1:00pm EST 
In this webinar, attendees will learn:
1)  Key benefits to managing Risk Assessments and Audits Surveys on an online tool
2)  The features needed to properly conduct Risk Assessments and Audits online.
3)  How to view and manage Risk Assessment and Audit results in real time.
4)  Our vision on the future of Risk Assessment and Audit Survey management.
5)  A walkthrough of the TotalCompliance Risk, Audits, and Assessment Management Tool.


The webinar will be broken up into two sections. 
The first section will discuss challenges organizations face while conducting Risk Assessments and Audits, necessary features to manage them online, and key benefits of managing them online via a software solution. Current challenges that compliance officers or auditors face will be discussed, as well as our vision for the future of conducting Risk Assessments and Audit Surveys.

The second part of the webinar will include a demo of the brand new ComplianceBridge TotalCompliance Risk, Audits, and Assessments Management Software Solution. The software will walk attendees through the process of managing an organizational structure and points of contact, creating robust and dynamic risk assessments questionnaires or audit surveys, publishing risk assessments or audit surveys to points of contact, answering and responding to the risk assessment or audit survey, and finally viewing real-time reports and dashboards to provide instant knowledge and feedback for the organization.

Wednesday, September 23, 2015

Advantages to Conducting Risk Assessments Online


Risk Assessments can be critical for an organization.  Reasons include: Increasing regulations requiring tight practices (or else large fines), increased demand for transparency, a more competitive business environment where risk reduction is crucial long term success.

However, conducting Risk Assessments can be a daunting task, replete with a myriad of challenges and questions.  Who should conduct risk?  What methodologies should be used?  How should risk ratings be scored?   On top of that, managing Risk Assessments and organizing the Risk Assessment creation, distribution, and results, leaves a lot of surface area for errors to penetrate.

Luckily, in today’s business environment, more and more critical processes are moving into the cloud.  Conducting Risk Assessments online sets your organization way ahead of the competition.  An online platform will allow centralized creation and collaboration- so all Risk Assessment authors are editing one central version.  Templates can be set to ensure consistency- an underrated factor that breeds familiarity and thus efficiency among employees.   Groupings of individuals, that represent departments, locations, teams, subsidiaries, or anything else- can be set to manage both the publication to, and the risk score of, the group.  Results will show risk ratings in real-time dashboards and reports.  Electronic features, such as automated reminders, annual reviews, and sending of reports, exist to prioritize the Risk Assessment program and ensure people stay on top of their duties.

The ComplianceBridge Risk Software Solution will cost just a fraction of the cost of doing the processes manually in-house.  Contact ComplianceBridge today to set up a few minute consultation call today.

Tuesday, August 18, 2015

ComplianceBridge 'Free for 15' Risk Management Software Promotion


ComplianceBridge is pleased to announce ‘Free for '15’, a limited time introductory promotion for our new Risk, Audits and Assessments Management Software.

The respondents to this offer will receive:

1)      The TotalCompliance Risk, Audits, and Assessments Management Software free for the rest of the 2015 calendar year.
2)      Training and online support
3)      Priority input for features and functionality to be included in version 2.0, scheduled for release in early 2016.
4)      33% lifetime discount.

At the end of the risk free promotion, should you decide to license the software without interruption, you will be entitled to 33% off of the annual or monthly license fee for the ComplianceBridge Risk, Audits and Assessments Management Software, including all future versions.

Act now as this offer expires on August 31'st.

For more information on our Risk Product, Schedule a Risk Demo or Phone Consultation at your convenience.  

Tuesday, July 28, 2015

Why do companies still go in house for complex IT projects?


When it comes to implementing complex, IT based solutions, many IT departments insist on creating and managing the project in-house.  Whether the reasoning is control (results for an in-house solution are completely in control of the organization), ego (lifelong IT professionals believe they can, and want to, be able to handle any project that comes their way), overconfidence (belief that implementation of a project cannot be particularly difficult), organizations still grapple with the in-house vs cloud vendor debate.
While increased control and accountability are attractive and seductive qualities, the complications of implementing complex cloud solutions for an internal environment are many.

The cloud solution is created by a vendor, whose spent years developing a solution for a specific problem.  This means that the cloud vendor has implemented a myriad of bells, whistles, and even horns that the internal IT department was never aware of.  Further, the hands on experience of the cloud vendor’s customer’s means that real feedback, real problems, and real solutions have molded the solution to fit the real world.  While the IT team may have exceptional talent and mapping-planning abilities, there is simply no answer to real-world experience.   And this advantage does not stop upon implementation- as continued usage by dozens, hundred, or thousands of customers will continue to mold the solution to the changing business environment.

As Charlie Burns at Saugatuck Technology found in a study:

"Cloud IT infrastructure offerings can yield significant cost reductions for various types and sizes of workloads. But the reality of such savings is highly dependent upon the type of workload, its suitability to cloud, and the level(s) of efficiency and optimization of in-house IT resources and operations,"
 
And exactly what types are better managed by the clould vendor?  

Complex ones, Burns finds.

“The central theme of Saugatuck's newest research -- that optimized in-house IT is better for static operations and the cloud is a better deal for dynamic workloads -- is backed up by other major research firms as well.


Monday, July 6, 2015

Five Reasons to Manage Risk Assessments and Audits Online


Here are 5 benefits to managing your Risk Assessments and Audit Surveys online:
  1.  Real time results.  Data can be scored and displayed in dashboards as it comes in, as opposed to taking weeks to score, collate, and present in graphs or tables.
  2. Reduced manpower and time.   Online management allows you to quickly create question sets, reproduce previous question sets, send electronically, and manage data within pre-set groups, rules, and parameters.      
  3. Automated processes; reminders, notifications, flags, etc.  Automate notifications, reminders, reports, and other alarms and flags.  Let the system stay on top of your critical risk management processes for you.
  4. Easy to scale from Mom and Pop to Global Organization.  Are you managing Risk Assessments or Audit Surveys for one department or location, or hundreds of departments in dozens of locations (and countries).  Risk Assessments can easily be applied to the appropriate groups.
  5. Central Organization for consistency and control.  Managing Risk or Audits for a variety of departments and location can get messy.  Which is the most current assessment?  Where is the question set located?  Which format should be used?  Managing all Risk Assessments and Audit Survey centrally can quell all the above answers. 


What others would you add?  We would love to hear from you in the comments.

Friday, June 19, 2015

New Webinar: 'How to Manage Your Risk Assessments and Audits Online'


ComplianceBridge is pleased to announce it will be holding a Webinar: “How to Manage Your Risk Assessments and Audits Online’ on Wendesday, June 24th, at 1:00 PM EST / 10:00 AM PST.

In this webinar, attendees will learn:

1)      Key benefits to managing Risk Assessments and Audits Surveys on an online tool
2)      The features needed to properly conduct Risk Assessments and Audits online.
3)      How to view and manage Risk Assessment and Audit results in real time.
4)    Our vision on the future of Risk Assessment and Audit Survey management.
5)    A walkthrough of the TotalCompliance Risk, Audits, and Assessment Management Tool.

The webinar will be broken up into two sections:  

The first section will discuss challenges organizations face while conducting Risk Assessments and Audits, necessary features to manage them online, and key benefits of managing them online via a software solution.  Current challenges that compliance officers or auditors face will be discussed, as well as our vision for the future of conducting Risk Assessments and Audit Surveys.

The second part of the webinar will include a demo of the brand new ComplianceBridge TotalCompliance Risk, Audits, and Assessments Management Software Solution.  The software will walk attendees through the process of managing an organizational structure and points of contact, creating robust and dynamic risk assessments questionnaires or audit surveys, publishing risk assessments or audit surveys to points of contact, answering and responding to the risk assessment or audit survey, and finally viewing real-time reports and dashboards to provide instant knowledge and feedback for the organization.


Presenter: Nathan Perumal

Vice President, Compliance & Risk Management Services, ComplianceBridge Corp.
Nathan has 25+ years of healthcare and insurance industry experience ( Berkshire Hathaway, Kaiser Permanente, Muir Medical Group IPA).  His career focus is in management consulting, development and implementation of ethics and compliance, privacy, information security, and strategic business programs

Hosted by ComplianceBridge

ComplianceBridge is the maker of TotalCompliance Risk, Audit, and Assessment Management solution; a simple, intuitive, and powerful new tool designed to help you proactively conduct risk assessments and audits that identify, assess and manage risks. The solution's ease of use, integration, customization, and scalability is designed to address the needs for large and small organizations. TotalCompliance provides you with powerful real-time monitoring and dashboards to help you prioritize mitigate and manage compliance, assessments, and risks. '

ComplianceBridge also has a Policy & Procedure Management Software, which enables users to manage, track, and report on any policies, procedures, and other business critical documents or information. Back-end workflow is controlled through the software’s document creation, edit, collaboration, review/approval, publish, and revision features. Notifications prompt end users to read, take a test or questionnaire, or sign off on documents published to them. Email reminders and alerts can be configured for users who have yet to take action on documents or for documents that need revision. All current and historical metrics are easily reported and monitored.