Roadmap for Enhancing Compliance Programs
In the dynamic world of regulatory compliance, a major challenge for organizations is to identify the right approach to compliance and define the steps they should take to meet regulatory obligations. Our Consulting Services help organizations navigate regulatory compliance challenges by assessing their current status, identifying unmet compliance obligations, and creating a roadmap for achieving compliance. This roadmap considers existing compliance efforts and industry best practices to implement a lean and efficient compliance program.
Once the roadmap is signed off, ComplianceXL can serve the client as a one-stop solution for all their Regulatory Compliance needs, ranging from consulting and training to assisting with supplier engagement, deploying technology and compliance reporting.
A compliance roadmap typically includes various modules, with the first being Gap Assessment. This initial module allows for the creation of a tailored roadmap for the client, encompassing all subsequent modules.
Key elements of the compliance journey
Gap Assessment
- We conduct a gap analysis and a compliance audit at the client site
to analyse the compliance system.
- Identify regulatory obligations.
- Assess the current compliance status.
- Review existing processes and systems.
Strategy and Framework
- Develop a comprehensive plan to address risk
management, compliance coverage, and timelines to streamline systems.
- Develop a strategy as per the applicable industry.
- Define a roadmap with timelines and responsibilities.
- Establish recommended processes and systems to enhance compliance status.
Training
- Many organizations lack knowledge within their functional groups about the regulatory obligations applicable to their products in various countries, such as RoHS, REACH, Prop 65, Conflict Minerals, WEEE, Packaging, etc. Training provides them.
- Awareness of global regulatory requirements
- Knowledge of the risks of non-compliance
- Understanding of what they need to do, to align to corporate compliance goals
Compliance Documentation
- One of the most laborious tasks in compliance is sourcing compliance documentation from suppliers across the globe. These may be Full Material Disclosures (FMD), Certificate of Compliance (CoC) or other supporting documents. Our documentation team can,
Maintenance
- Ongoing management and refreshment of compliance data is crucial to ensure you keep your compliance program up to date. We provide services to
- Refresh & update your compliance documentation every 6/12 months.
- Proactively track new/evolving regulations
- Update systems and processes as needed.