Maintain compliance with regulations and contractual obligations
Keep Up With Changing Regulatory Requirements
Ensuring compliance in a world where regulations are constantly changing is challenging if you don’t have the right software in place. Using manual processes or siloed systems that lack the flexibility and visibility needed to manage compliance risk will leave you with legal, financial, and reputational consequences.
DevonWay Compliance Tracking serves as a central, closed-loop system to help you manage and track all compliance-related issues, tasks, and actions. The no-code platform is fully configurable, putting you in a position to accommodate future regulatory or contractual changes for little to no cost, and to ensure compliance with any government agency’s regulations, including DOE, NERC, DOT, DOD, and NRC.
Turn Insights Into Action
A successful compliance management system is designed to keep your organization informed of risks so appropriate action can be taken. With DevonWay Compliance Tracking, process owners can retrieve and share the real-time insights they need to make informed decisions. Managers can modify reports and trigger automatic alerts when certain thresholds have been crossed (e.g. a deadline is approaching), without involving IT.
Summary of Benefits
Mitigate risk through configurable workflows that match your organization’s specific requirements
Ensure ongoing compliance with regulatory requirements and contractual obligations by connecting seamlessly to related processes such as risk management, audits and assessments, non-conformances, etc.
Save money by avoiding fines and penalties associated with non-compliance
Infinitely Deep Parsing
Break requirement documents down into actionable sub-parts. Assign each sub-part to the appropriate internal group or department so that actions can be monitored through to completion.
Allow anyone to quickly and easily review the flowdown for reference and see how contracts are broken down and parsed out from top to bottom.
Trigger and Manage Changes
When contracts are modified, easily identify the affected requirements along with potentially affected procedures, guides, manuals, and more. Trigger reopening of affected documents for review and revision as needed, whether in the DevonWay Document Management system or your third-party document system.
All uploaded documents are automatically converted to PDF using best-in-class PDF conversion tools. Those PDFs can then optionally be directly annotated by privileged users during the review cycle for quicker gathering of comments and more effective collaboration.
Manage multiple contracts in a single system, along with underlying requirements and compliance activities. Scalable support for unlimited numbers of documents, with full-text keyword search across all indexable content, ensures that users can quickly find what they’re looking for.