WHAT IS CONTINUOUS COMPLIANCE?
Phinity supports a continuous compliance architecture ensuring your compliance requirements are digitised, and your processes are automated. This makes for a more straightforward, less disruptive, and complete view of your business’ compliance. You will create visibility across all parts of the compliance management process, highlight non-compliance, reduce risk and strengthen your business posture.
Non-compliance is a significant risk to every business.
Compliance can be complicated, expensive, and seem like a hindrance to business. Therefore, companies have often under-invested in this area. Under-investment is a risk in itself; however, it is exacerbated by the burden of growing compliance requirements from internal compliance, government, industry bodies and customers.
Compliance challenges will only increase. Companies that continue to invest in low tech and manual solutions will not keep up, and become non-compliant.
THE CONTINUOUS COMPLIANCE SOLUTION
Phinity supports continuous compliance by integrating into your manual control processes, automating them through our Robotic Process Automation (RPA) capability, driving efficiencies, creating visual decision support, and higher levels of compliance.
STEP 1: DEFINE
Define compliance framework based on legislation, industry standards, and internal policies and procedures. Identify information and physical assets where compliance is required. Lastly, identify stakeholders from a compliance, technical and business perspective.
STEP 2: DIGITISE
Digitise the organisational compliance framework within the Phinity platform and configure the compliance workflow to automate the compliance assessment, treatment and reporting workflow.
STEP 3: ASSESS
Assess the inherent risk of defined assets and complete control assessments of assets to test effectiveness and compliance levels.
STEP 4: REPORT
Using the pre-defined risk assessment and treatment rules, Phinity will automatically generate proposed treatment actions. The compliance team validates results, adding context and relevant stakeholders.
STEP 5: REMEDIATE
Report and track remediation efforts to ensure that compliance is improved and met over time through continuous testing and validation.
WHY CHOOSE PHINITY?
Ensure your business stays ahead of the pack and does not get held back through inefficiencies.
STREAMLINE THE COMPLIANCE MANAGEMENT PROCESS
REDUCE AUDIT AND COMPLIANCE FATIGUE ACROSS THE BUSINESS
INTEGRATE COMPLIANCE INTO EVERYDAY PROCESSES