New Compliance Solution Saves Time and Money

A new service from e-know, Inc. automates the outbound communications, business ethics policies, finance and administration controls, non-compete/non-disclosure agreements, conflict of interest policies, operating procedures, sexual harassment policies and other compliance related activities helping commercial and government organizations dramatically reduce the time, expense and effort required to implement initiatives, conduct audits and manage the organization’s overall risk mitigation effort.

“Companies continue to spend huge sums and expend hours on compliance-related initiatives, but make little progress for reasons ranging from human nature to technology issues,” explains Alan Croll, CEO of e-know. “Part of the problem is the lack of intuitive process ensuring that employees receive policies and ‘sign off’ is a timely manner. It’s as much of a human nature issue as a technology issue. Executing these types of initiatives is not a core skill for most companies. But, it is a critical and often mandatory that companies want completed correctly and quickly.”

e-know Policy Compliance solutions are completely maintained by e-know, eliminating the need to invest in additional hardware or software. The user-friendly system is accessed via the Internet and e-mail, allowing employees to interact and respond without any training and reducing the impact on end-user IT resources and support. e-know Policy Compliance solutions are designed to meet each organization’s unique requirements.

Mr. Croll offers the following two examples of e-know Policy Compliance solutions in action: “One of our clients came to e-know after having failed to get employees to visit their full service intranet resource to complete a critical compliance initiative. While it too the organization weeks to get a handful of employees to comply using traditional methods, we completed the task in five days. Another large publicly traded company needed to meet a tight deadline so it retained e-know to roll out a comprehensive Code of Conduct policy to 10,000 employees. This massive undertaking was completed in less than two weeks.”

These examples demonstrate how e-know’s Policy Compliance solutions and similar products/services help organizations create and manage an effective compliance environment including:

  • Making compliance a part of the organization’s culture
  • Encouraging boards and staff responsible for overseeing compliance activities make more frequent and substantive inquiries into compliance risks
  • Creating, issuing and enforcing a cohesive compliance program at all levels of the organization
  • Assisting the compliance staff in providing compliance-related training and implementing compliance-related procedures.

Many small and mid-sized businesses are feeling the pinch of increased compliance and regulation. Many do not have compliance staff focused full time on compliance related issues. Services allowing these organizations more effectively meet the demands of today’s business environment will also help these organizations succeed in the future.

You may like these other stories...

Event Date: May 29, 2014 In this presentation Excel expert David Ringstrom, CPA brings you up to speed on the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both...
No field likes its buzzwords more than technology, and one of today's leading terms is "the cloud." But it's not just a matter of knowing what's fashionable. Accounting professionals who know how to use...
There is a growing trend of accountants moving away from traditional compliance work to more advisory work. Client demand is there, but it is up to the accountants to capitalize on that. What should accountants' roles be...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.