Compliance Cost Assessment Diagnostic Now Available
A problem for a number of companies has been uncovering the true and hidden costs of regulatory compliance. Companies can now leverage a comprehensive, unique Regulatory Compliance Cost and Opportunity Assessment Service.
RuleSphere International has announced their new Assessment Service is now available worldwide. The consulting service helps companies, business units and departments to uncover hidden costs associated with regulatory compliance practices and the need to create and institute a more effective and sustainable compliance process. Under this comprehensive service, a wide range of regulatory compliance practice disciplines and sustainable compliance process can be assessed, including risk management, Information Technology (IT) governance and the automation of internals by the IT organization. The price of the Regulatory Compliance Cost and Opportunity Assessment Service is according to the number of sites involved and which optional add-ons might be needed.
Any size company can benefit from RuleSphere diagnostic and the service which is "technology agnostic", so no matter what compliance system technologies are currently in use or technology used in the future, the benefits that result from the service are not diminished. The service offering is also applicable to international, federal, state, local, product, environmental and other regulations, standards and laws. The "opportunity" component of the diagnostic focuses on end-to-end regulatory compliance processes that currently span both business and technology professionals and the service can be configured to develop the optimal regulatory process improvements that are needed for a particular program or project.
"By shining a spotlight on a company's one-time and recurring compliance costs we can assist management in building a business case for change," said Founder and Chairman of RuleSphere Phil Wilson. "The business case that results from our work is used to optimize the client company's underlying regulatory compliance infrastructure...meaning core process improvement. The client's new cost understanding then enables executives to come to grips with a set of compliance-critical questions such as 'how much is our project-by-project (vertical) approach to compliance actually costing us?'...as well as, 'what new process or processes do we need to help us to move to a long-term horizontal approach to sustain compliance practices?'" Wilson says that companies are often unaware of their true costs of compliance. He adds, "As most enterprise-wide compliance activities are so highly fragmented and disjointed, it's hard for our customers to get their arms around the overall enterprise costs. There's strong market demand for a service that not only can uncover the hidden hard and soft costs for an entire enterprise, but to also document them as the primary foundation for building a business case to change the compliance status quo...to change the informal compliance processes that are currently in place."
The company was founded in 2001 and is the global leader in providing integrated Performance Management, Governance, and Regulatory Compliance managed services and systems for the multi-national enterprise.