Best Practices for Regulatory Compliance
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Developing and Implementing an Effective Compliance Program
An effective compliance program is the cornerstone of any business. Compliance activities needed to meet regulatory, customer and internal requirements are not a series of isolated tasks but are part and parcel of step-wise compliance processes. Processes enable you to control business operations, manage your compliance program and establish the foundation of your organization. Our team of compliance process experts has a thorough understanding of industry best practices, and the essential knowledge of how effective compliance processes can:
- Set the stage for appropriate behavior and awareness of acceptable business practices;
- Help define business practices that control regulated processes in a secure, consistent and documented manner;
- Assist administrators and developers in the implementation and configuration of secure compliance process control systems;
- Provide compliance management professionals with means for determining whether new regulations are followed.
Compliance Program Best Practices
A properly developed compliance program can help cost-effectively meet specified regulatory requirements as well as mandated privacy, security and long-term data discovery, authenticity and audit requirements. Amadeus recommends the following best practice principles for compliance management programs:
- Develop an organizational process and compliance plan;
- Integrate CAPA as part of a comprehensive, top-down compliance plan and not as an isolated point solution;
- Do not over-customize solutions;
- Leverage integrated compliance management solutions with CAPA: process control, record management and content management (buy versus build);
- Conduct risk and compliance assessments for all compliance initiatives;
- Utilize flexible, adaptable solutions that grow with increased regulator requirements and your business;
- Promote process standardization, but ensure that site specific exceptions can be handled easily.
