There are many differences between a policy, process, procedure, SOP, or work instruction. Here we explain the differences between policies, procedures, processes, and how each are used in a business setting.
If too many people are required to authorize a document, policy and procedure development becomes a bureaucratic nightmare, considerably slowing -- if not preventing -- their release AND adding little to no value to the final version.
Nobody wants to pay for the cost of maintaining policies and procedures, so the next best thing is to pay less than your paper-based system or simple file server. Policy and procedure management software is the least expensive way to manage your policies and procedures.