Best Practices
Best Practices for Regulatory Compliance
Developing and Implementing an Effective Compliance Program
An effective compliance program is the cornerstone of any business. Compliance activities needed to meet regulatory, customer and internal requirements are not a series of isolated tasks but are part and parcel of step-wise compliance processes. Processes enable you to control business operations, manage your compliance program and establish the foundation of your organization. Our team of compliance process experts has a thorough understanding of industry best practices, and the essential knowledge of how effective compliance processes can:
- Set the stage for appropriate behavior and awareness of acceptable business practices;
- Help define business practices that control regulated processes in a secure, consistent and documented manner;
- Assist administrators and developers in the implementation and configuration of secure compliance process control systems;
- Provide compliance management professionals with means for determining whether new regulations are followed.
Compliance Program Best Practices
A properly developed compliance program can help cost-effectively meet specified regulatory requirements as well as mandated privacy, security and long-term data discovery, authenticity and audit requirements. Amadeus recommends the following best practice principles for compliance management programs:
- Develop an organizational process and compliance plan;
- Integrate CAPA as part of a comprehensive, top-down compliance plan and not as an isolated point solution;
- Do not over-customize solutions;
- Leverage integrated compliance management solutions with CAPA: process control, record management and content management (buy versus build);
- Conduct risk and compliance assessments for all compliance initiatives;
- Utilize flexible, adaptable solutions that grow with increased regulator requirements and your business;
- Promote process standardization, but ensure that site specific exceptions can be handled easily.
