Modules » redflare.compliance
redflare.compliance

redflare.compliance

redflare.compliance – Is a unique platform to allow users manage the compliance obligations throughout the entire organisation. It is easy to setup, simple to use and extremely comprehensive. This solution is ideal for large and small compliance teams. Move away from complicated spreadsheets or word documents and allow Red Flare Compliance Manager save your organisation time and money.

redflare.compliance is prepopulated with a suite of compliance programmes tailored for specific regulatory and statutory environments. For example the Credit Union package is prepopulated with the necessary obligations to satisfy the Credit Union’s requirements under the Credit Union Acts 1997 (as amended). There are also compliance modules satisfying requirements of Healthcare Standards, The Charities Act, The Governance Code, Banking Regulations, etc.

Benefits

  • Saves time and frees up resources
  • No more manual reports
  • Simple import routines
  • Instant reporting
  • Embed a compliance culture
  • Track breaches and assign actions
  • Full audit trail
  • Very easy to use and intuitive
  • Cloud enabled or In Premises install
  • Small monthly subscription fee
  • No large capital outlay
  • Short term contracts

Functionality

redflare.compliance is rich with features and functions designed to streamline the compliance environment of its users. The product is extremely robust and can be tailored for all most any compliance environment e.g. Credit Unions, Hospitals, Nursing Homes, Banks, Charities, all Regulated Entities, etc. Multiple compliance programmes and plans will run seamlessly. Ad hoc compliance engagements can be designed and deployed with specific terms of reference.

redflare.compliance enables the user to create compliance categories and subcategories for planning purposes. Simply populate these with your compliance questions and you are ready to commence.

The KPI’s and management dashboards clearly show you the status of the current audit and tasks to complete. Tiered Access Controls have been designed to enable differing levels of signoff /approval, depending on your role.

redflare.compliance also acts as a secure document repository for all evidence, correspondence, valuations, emails, etc., in any format type, to support your decision.

Other Functionality

  • Multiple compliance plans
  • Regulatory reporting supported – ACS
  • Quick reference and search functions
  • Import compliance questionnaires
  • Email notifications and alerts
  • KPI Compliance status oversight
  • Year-end clone & copy routines
  • Reasons for compliance assessment
  • Breach Register & Mitigation Plans
  • Create Materiality Statement

Reporting

  • redflare.compliance has developed a suite of reports by incorporating best practice reporting standards and user feedback to meet all the needs of its users such as: the Compliance Officer, Internal Audit, CEO, Management Team and Board of Directors.
  • The reporting function is constantly growing and evolving to meet the needs of the maturing and expanding requirements of our clients.
  • Reports can be tailored and filtered ensuring only relevant information is used for reporting.
  • Red Flare provides instant reports containing data which is are comprehensive and flexible, in PDF or excel.
  • A sample of the reports generated are as follows:
    • Overall organisational compliance status
    • Compliance breaches, summary and detailed
    • Breach register: detailed and extracts
    • Compliance trend reports
    • Updates on compliance obligation treatments programmes
    • Compliance history/audit trail
    • Compliance Headline report

Contact us to learn how Red Flare redflare.compliance will help your organisation.