A good policy management program reduces business risk by providing clarity regarding expected behaviors. Such a program aligns with a business’s goals and appetite for risk, demonstrating compliance while accommodating justifiable policy exceptions.
Management’s policy expectations are communicated clearly.
Policies are effective at reducing risk and maintaining compliance.
Evidence of policy compliance is maintained.
Decisions on policy exemptions are based on a clear understanding of risk.
Policy and exception management helps organizations avoid litigation, fines and reputational damage by proving that you are policy-compliant. It’s no small task to document the lifecycle of all corporate policies and link them to key business areas, assets, controls and risks. STREAM can help you create a centralized repository of all policies, linking them appropriately, and streamline access, tracking and reporting. Exceptions can also be documented, reviewed and approved through this repository.