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Our customers have identified eight major challenges
they face daily in addressing their organizations’
compliance objectives. CRSTL’s solutions address
each of these challenges as follows:
- Managing Compliance Costs:
Inefficient, uncoordinated efforts require huge expenditures
on internal staff and outside lawyers and consultants.
CRSTL Solution: An
affordable, scalable and modular technology application
that transitions your organization’s existing
documentation and paper-based compliance and risk
management programs into a comprehensive, sustainable
process.
- Assessing the State of Compliance in Real
Time: Paper-based checklists and Excel spreadsheets
provide an incomplete picture of project status at
any given point; assessments of project completion
are guesses at best; coordination among team members
is frustrated.
CRSTL Solution: Organization
compliance reports provide users with accurate, up-to-the
minute snapshots of project status; data can be filtered
or mined at will, providing a spectrum of information
ranging from broad executive summaries to the details
of selected legislative provisions.
- Continually Monitoring the Legal Landscape:
Companies are forced to rely on a costly patchwork
of resources to obtain and understand relevant legal
and regulatory requirements; rules are frequently
added, eliminated, and revised, giving rise to a lack
of certainty as to current compliance requirements.
CRSTL Solution: Legal
and regulatory content is continuously monitored and
updated by leading law firms in the U.S. and Canada;
these law firms back their content with a qualified
legal opinion as to its accuracy.
- Coordinating Compliance Activities and Encouraging
Role Clarity and Responsibility: Compliance
efforts are scattered across a multitude of functional
areas; wasteful duplication and lack of role clarity
result in cost overruns, delays and incomplete compliance
assessments.
CRSTL Solution: CRSTL
workflow solutions ensure that all compliance activities
are time-bounded and measurable and focus compliance
efforts by assigning discrete responsibilities to
specific individuals; activities are scheduled well
in advance of compliance deadlines and progress is
measured on a continuous basis; compliance status
is available in real-time via remote access to dashboard
reports.
- Simplifying the Logistics of Data Collection:
Managing the data gathering process poses a complex
challenge; paper-based records are unwieldy and prone
to tampering, loss or incompleteness.
CRSTL Solution:
Deadline driven scheduling ensures that compliance
data is complete and is delivered on-time; generic
or custom organizational charts manage your company’s
unique organizational hierarchy and map responsibility
for data provision.
-
Safeguarding the Integrity and Security
of Compliance Data: Paper and standard
software-based data collection and storage methods
expose compliance data to a variety of risks, including
tampering, loss and inaccuracy.
CRSTL Solution: Audit
trail reports ensure that data is never compromised;
compliance team members are able to monitor/track
the history of any response while document management
and retention capabilities ensure that, once uploaded,
supporting documentation is protected from any further
changes; data is housed on remote servers and backed-up
regularly.
-
Useful Advice and Solution Support:
Consultants and third-party software dealers often
lack the expertise and resources that are needed
for successful implementation of a comprehensive
compliance solution.
CRSTL Solution: Our
team of legal professionals combines a sophisticated
understanding of compliance requirements with first-rate
technical skills to deliver to clients a seamless
solution rollout.
-
Integrating Solution with Existing Systems
and Processes: Incompatibilities among
workforce (hardware and software components), delay
or prevent timely, cost-effective deployment of
comprehensive compliance solutions.
CRSTL Solution: As
a platform neutral ASP client, CRSTL solutions can
be deployed on all server/operating systems and
integrate seamlessly with widely-deployed PIMs,
document management tools.
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