CRSTL’s compliance solution was invented to meet the exploding needs of companies struggling to satisfy their regulatory duties. The regulatory demands on companies doing business in Canada exploded almost overnight with complex legislation and guidelines materializing at an ever-accelerating rate, but companies had neither the expertise or resources to satisfy these demands. CRSTL filled the gap by converting complex legislation and regulation into plain-language summaries, action-items, and questionnaires, built by an in-house legal team that tailors content to your organization’s specific needs. Then we developed a proprietary, web-based software platform that allows your compliance staff to effortlessly track, correct, and record your organization’s compliance status.
The Legal Environment
The regulatory environment your corporation operates in is complex, ever-changing, and increasingly onerous. CRSTL’s team of experienced lawyers digests your regulatory obligations into concise, easy-to-read summaries that complement questionnaires aimed at ensuring your staff is on top of its duties. Furthermore, our team ensures that all pending legislative changes are handled ahead of time. Requirements are aggregated for core federal or provincial/state legislation for your industry, in addition to ancillary requirements posted by industry associations, domestic and international regulatory bodies, and exchange-related supervisory organizations. You don’t need to assimilate updates to the content yourselves; since we manage the on-going changes to the requirements for you and automatically provide those changes to you ahead of time.
Understanding Your Business
CRSTL knows that each company has its own unique organizational structure, culture, and business lines. For this reason, CRSTL’s team of expert consultants and implementation partners take a multi-phase approach toward the development of the right solution for you. We begin by understanding your business and carefully assessing your compliance and risk management needs. Based on our findings and your priorities, we customize our solution to specifically fit your company's structure your unique compliance objectives, ensuring that you have everything you need.
The Platform
CRSTL’s proprietary web-based delivery system automates the entire process of tracking, correcting, and recording your organization’s compliance status. Unlike other delivery tools, our system does not simply provide an electronic checklist of “things to do”; we categorize your requirements by topic rather than by random groupings of source legislation, thereby eliminating redundancies in reporting, and increasing overall comprehension. Furthermore, our system allows you to distribute all compliance requirements – including those above and beyond legislation, such as your organization’s codes of conduct, ethics guidelines, internal audit questionnaires, and attestations. This unique approach to topical categorization enables dashboarding of each compliance area by topic such as “Directors and Officers”, “, “Financial Statements”, or “Investments”. Compare this approach with other competing GRC frameworks that require you to organize the structure and hierarchy of your GRC strategy, usually by business unit, which means each member of your compliance team must struggle through the sprawling network of disconnected requirements to decipher their responsibilities. Updates to legislation are integrated directly to our users’ databases, and users are notified by email that they must re-certify compliance with the revised regulatory regime. To this end, we not only organize your compliance posture, we also co-ordinate your compliance team to take part in the compliance process. Our system is fully scalable – making it perfect for organizations of any size – from ten employees to tens of thousands. It is no longer necessary for your HR or senior compliance staff to spend time following up on individuals who may not submit their responses to code of conduct and business ethics requirements. The calendaring functionality of our software ensures timely distribution of assessment questionnaires as well as follow-up to ensure responses are submitted in accordance with company policy. The integrated reporting functionality highlights any areas of concern.
Summary
CRSTL provides a core expertise in integrating rich legal content and custom technology into a system that ensures our clients meet their legal obligations in fostering a culture of transparency and accountability. Our experts will ensure you have all the relevant rules, regulations, and guidelines you need, will organize these rules into comprehensible digests that are structured by topic and accompanied by sister sets of questionnaires that will walk your staff through the compliance process, and will tailor these modules specific to your company's needs. Our platform will allow your senior compliance staff to understand at a glance where areas of weakness exist, to ensure follow-up on all compliance matters, and will automate the daily administration of your organization’s compliance effort. All at an affordable price. |
