Frequent changes to regulations …..
Increases in social distancing …..
….. all these things and more require changes to policies, however, managing policies is time consuming and expensive, but critical for the business to operate.
Q. What happens when several departments are responsible for creating, modifying and managing their own policies?
A. You end up with different formats of documents, the files are saved in all sorts of different places, policy management is buried within email and spreadsheets, its absolute chaos, and an expensive headache to have to overcome.
With policies typically formulated, implemented and managed in their separate silos, a change to a HR policy can have direct effect on an IT security policy, an example would be a back to work and work from home policy.
Without a policy management framework in place, this is creating all sorts of operational and logistical issues such as:
- Lack of centralisation – Data resides in multiple places (Sharepoint, network, share, in the cloud, separate application)
- Employee Compliance – Proof that the employee has read and understood the policy
- Time Intensive – Creating, modifying, and distributing the policies
What we are in desperate need of, is a centralised policy management portal.
Mitratech’s Policyhub provides a centralised policy portal, which is intuitive, adaptable, and accessible, with an auditable framework that allows an organisation to create, adapt, and evolve its policies, in response to planned or sudden changes to the business.
With PolicyHub you can derive these benefits:
- Efficiency – Improve operational efficiency
- Simplify – Remove Complexities of policy and procedure management
- Assess – Test employee’s knowledge of the policy
- Comply – Provide a truly auditable compliance trail
Whilst simultaneously continuing to maintain the standards of risk management and corporate governance, that are core to the value of policy management.
Policies are critical for the proper functioning of a business as they establish boundaries of behaviour amongst staff, they outline various processes and procedures, define relationships and outline rules to be followed for various transactions, but they are time intensive, by investing in a policy management solution you will save hundreds of days per year in wasted time.
Based on a business with 50 users and approximately 75 policies, the #TimeSavingGurus can save you over 828 days in lost time over a 3 year period. With that time saved, you could reinvest that in your people performance making further operational gains or deliver further benefits to top line business growth.
How would you invest this reinvest this time available?
For more information contact me at email@example.com