Tag Archives: compliance

How Do You Reduce Startup Business Risks in the Early Stages?

Startup business risks and entrepreneurship often go together. After all, building a business involves fulfilling a need with unique solutions, and no solutions can be created successfully without trial, error, and continuous testing. How do you reduce startup business risks in the early stages? Continue reading How Do You Reduce Startup Business Risks in the Early Stages?

What are 5 Signs that You Need to Upgrade Your Company’s ERP System?

Many companies hesitate to undertake enterprise resource planning (ERP) upgrade projects because business owners are unsure if they’ll be able to handle the risks and costs associated with overhauling incumbent systems. In most cases when an upgrade is sorely needed, however, the rewards do tend to outweigh the risks. What are 5 signs that you need to upgrade your company’s ERP system? Continue reading What are 5 Signs that You Need to Upgrade Your Company’s ERP System?

Do You Have Effective Employee Personal Trading Policies?

Employers, and particularly owners of small or medium-sized businesses, have to be careful about developing a personal trading policy for their employees. Developing an in-depth trading policy could protect you from liability and even criminal charges. Do you have effective employee personal trading policies? Continue reading Do You Have Effective Employee Personal Trading Policies?

How Can Your Compliance Cost be Reduced?

Writing procedures is an exercise in controlling compliance costs. You’re trying to comply with customer expectations, management objectives, government regulations, and/or industry standards, making compliance expensive. Regardless of the reason for compliance, wouldn’t you want to write as few procedures as possible if you could still conform to the compliance mandate and keep your compliance costs to a minimum? How can cost of compliance be reduced?

Continue reading How Can Your Compliance Cost be Reduced?

How Cloud Compliance Risks and Misconfiguration Can Affect Your Business

Many businesses have adopted the cloud in their daily operations. Unfortunately, they aren’t always capable of keeping them secure. It is no surprise that many of them suffer data breaches resulting from misconfiguration issues. Many businesses are susceptible to compliance risks and misconfiguration problems. How cloud compliance risks and misconfiguration can affect your business. Continue reading How Cloud Compliance Risks and Misconfiguration Can Affect Your Business

What are the Reasons and Outcomes of a DOT Compliance Review?

Passing the New Entrant Safety Audit isn’t the end of the road for your business; if there are any breaches, a Department of Transportation (DOT) compliance review is required. What are the reasons and outcomes of a DOT compliance review? Continue reading What are the Reasons and Outcomes of a DOT Compliance Review?

How Cloud Computing Helps Improve Compliance

Ensuring continuing compliance with industry and regulatory requirements may be a challenging undertaking, especially in a fast-changing environment. The rapid evolution of the IT landscape, including the cloud, has exponentially increased the number of organizational touchpoints that are subject to compliance. How cloud computing helps improve compliance. Continue reading How Cloud Computing Helps Improve Compliance

How to Write Error-Free Procedures

It’s at times like these — when the business world is still unsettled after several years Covid of turmoil and prevailing wisdom doesn’t see a quick end to the situation for any of us — that we tend to forget about the far horizon and concentrate on what’s directly in front of us. It’s only natural. Business processes still need to be created and learning how to write error-free procedures remains important to business success. Continue reading How to Write Error-Free Procedures

Do Company Policies Exist If They’re Not Documented?

Process occur in each and every business. Some of your process are critical business processes that your company could not be in business without and others are less critical, but may be important. Understanding your risk is a major factor in your company governance, risk, and compliance program. How do you audit your process, demonstrate their effectiveness, and show that you have control when needed? Basically, do company policies exist if they’re not documented? Continue reading Do Company Policies Exist If They’re Not Documented?