Complex regulatory landscape
Do you need to comply with the Financial Conduct Authority (FCA) or global regulations such as anti-money laundering, anti-bribery and anti-corruption?
Rapidly changing regulations
Do you know what version of a Standard Operating Procedure your employees are
trained on and if they are compliant with the
most current regulations?
Frequent regulatory audits
Do you have training data reports
that track your employee compliance
Significant fines if found non-compliant
What is your cost of non-compliance?
Often too many systems to manage
Are you spending too much time and effort on integrating different systems to track compliance?
Maintain a good reputation
Are you aware how negative reputation can affect your company’s earnings, liquidity, and capital position?
With NetDimensions Talent Suite, you can schedule and implement compulsory training programs to ensure that all employees adhere to the regulatory procedures specific to their job role, area of specialisation, and location.
Automatic tracking and notifications help following employees' training plans and reminding employees to take training in time and within grace periods.
At the same time, integrated compliance reporting provides management with a unified view of compliance-related risk across the whole workforce.
The Learning Paths in NetDimensions Learning provide employees with a visual way to highlight the way to achieve required certificates and competencies.
Learning Paths help maintain the flow of continuing education by reminding the employees when it is time to take new (or revised) training for compliance or professional development.
Automated workflows around expiry dates or grace periods and integrated reporting provide the level of flexibility and sophistication required to effectively manage competencies in financial services organisations.
Best-in-class organisations are moving from a reactive approach to compliance to a pro-active one.
NetDimensions has been in the forefront of pro-active compliance management with:
Training records must be inspection-ready, whether they are stored as paper-based or electronic records.
When preparing for an inspection, a significant amount of time will be spent checking that records are current and agree with applicable Standard Operating Procedures.
NetDimensions' electronic records are updated in real time for pro-active compliance reporting. They are also quick and easy to access and report on, thus allowing your organisation to be inspection-ready more effectively and efficiently.
Multi-tenant SaaS models can provide challenges in highly regulated environments where software validation is required.
NetDimensions Secure SaaS combines all the benefits of SaaS with unique benefits that are specific to highly regulated environments: