Governance, Risk, and Compliance
Enterprise Content Management (ECM) Can Help Address Risk
Business Strategy's OnBase solution helps manufacturers address ISO requirements, hospitals adhere to HIPAA regulations, lenders demonstrate compliance with the Graham-Leach-Bliley Act ,and public companies abide by Sarbanes-Oxley guidelines, to name just a few.
OnBase assures an organizations processes are stable, dependable, and adhered to with OnBase Workflow, which automatically routes documents through each step of a process with required rules and actions. An automatic audit trail provides concrete compliance evidence during internal and external audits that all processes were followed precisely and in a timely manner.
Records Management and the OnBase E-mail Archive mitigate risk by ensuring that documents are kept for an appropriate amount of time and deleted when they reach the end of their life cycle. If a legal audit should be necessary, a complete history of the document is available as well as proof the document has not been altered. Documents can be quickly retrieved, virtually eliminating the costs associated with audits, which often go well beyond the million-dollar mark.
A comprehensive view of compliance initiatives, particularly those that require testing and controls, can be created using WorkView. This highly configurable tool provides a framework for managing and monitoring documents, interactions and more, and a flexible Compliance Framework Template is available. To facilitate a high-level overview of compliance activities, WorkView objects can be graphically displayed in the OnBase Web Client or through Web Parts for Microsoft SharePoint®.
Other ECM Benefits
- Compliance with FSA, Basel 2, IFRS, BS BIP0008.
- Records management to ISO15489.
- Archival and audit control of emails, documents, and other files.
- Freedom of Information Act.
- Supports corporate and legal record retention policies.
- Workflow approval process supports delegation of authority and segregation of duties policies.