Policy and Procedure Drafting - Information Architecture Tips.

Information architecture is an important step while implementing a policy management software or a compliance software.However, this step is often ignored and people realise the lack of information architecture when they face difficulty to locate information.The objective of this discussion is to introduce the usage of information architecture planning for projects on policy management and compliance monitoring. This is applicable while implementing quality management systems also.

Compliance Officer of Evergreen International, Mr. M. Sohal writes about the challenges in compliance management and his experience of implementing Compliance Track.

Compliance Track unifies compliance work into one powerful, feature rich, fully auditable application.

The compliance monitoring department of an FSA regulated institution is normally labelled as a "tick in the box" function. The true function of the compliance team is to minimize operational failures which can be as a result of fraud and mismanagement and can lead to financial loss for customers. Regulation is created to protect consumers and investors. With minor modifications in the process of data collection, the compliance monitoring can provide efficient data for operational risk management and CRD/Basel II compliance.