While companies can strive to be legally compliant in all operational matters, the actual administration of the task requires practitioners to be kept up-to-date, which can prove challenging without the right kind of help.
Each business has its own set of compliance requirements to adhere to based on industry and service offerings, and failing to comply can mean serious repercussions for the company. Companies need an overview of their legal compliance position against any Act, standard or best practices.
To ensure compliance, companies must be kept alert when legislation has changed to avoid referring to outdated legislation and there are tools available to do the groundwork of on-going monitoring.
Software should cover the following:
In short, businesses serious about legal compliance need tools that not only tell them the risks of not being compliant, but also provide step-by-step information on how they can rectify matters.