Compliance Management

The BarnOwl compliance module enables an organisation to document and manage its regulatory universe by identifying and monitoring compliance to the acts, regulations and provisions at every level of the organisation. The compliance module is fully integrated with 3rd party compliance content providers. The BarnOwl compliance module supports and embeds best practices frameworks such as Generally Accepted Compliance Practice Framework (GACP). BarnOwl facilitates compliance through the automatic generation of compliance risk management plans (CRMPs) and compliance checklists which can be maintained and completed online by the relevant compliance officer(s) and business owners (i.e. continuous compliance self-assessments). BarnOwl enables the group compliance function to conduct independent compliance audits, compliance monitoring, as well as reporting both to Exco and the Board. Online action plans are sent out automatically by the system to the relevant owners responsible for addressing non-compliance issues ensuring effective compliance monitoring and remedial action.

Compliance Management Process

Benefits of using BarnOwl Compliance Management

• Greatly reduces the administrative burden of compliance.
• Enables an organisation to manage and keep up to date all acts, regulations and provisions as they pertain to your organisation.
• Embeds a culture of compliance in your organisation with the automation of compliance checklists, control self-assessments and ‘living’ action plans.
• Provides ongoing monitoring of your compliance environment with early warning notifications of non-compliance.
• Automates follow-up and monitoring of treatment action plans.
• Provides register/s for non-compliance issues, loss events, near misses, conflict of interest, gift register etc.
• Generates regulatory and management reporting.
• Limits director exposure through a formalised approach to risk and compliance management.