BPMS, A Compliance Officers Best Friend
Blog: LitheIT
I recently updated the Lithe IT website and added a new link to highlight one of my favourite features that leading BPMS support, improving compliance.
I often think that being a Compliance officer is very similar to providing an IT service provider, in that senior people only want to talk to you when something goes wrong. Within IT and the wider business a considerable amount of effort is spent measuring and proving compliance with stated business processes, regulatory and legislative rules, and client instructions.
I’ve experienced this in both the Financial Services and Public sectors within the UK and have first-hand experience of how time consuming it is. It is also often regarded as a burden as it often means extra work in gathering and completing templates.
Imagine having improved controls, reducing the data gathering and proof effort, with immediate highlighting of potential problems. With a leading BPMS this can be quickly achieved.
A BPMS will rapidly become a Compliance Officers best friend as it will:
- Provide a full audit trail of all process execution, showing interactions by systems and people,
- Retain a complete change history for all processes and show which process version a specific instance used,
- Automate many manual process steps reducing room for non-compliance,
- Mandate checklists and authorisation workflow to be completed during process execution,
- Integrate with existing systems and processes, so that results can be achieved rapidly,
- Enables mobile workers to take part in processes including those using mobile phones to connect,
- Allow business rules to be defined and managed, separate from process workflows, which will control the execution path,
- Deliver real-time reporting on targets and events so that specific conditions can trigger alerts,
- Modify the level of checking required based on skill level of the operator taking part in a process.
For these reasons, I believe a BPMS is the ideal technology to implement a control framework, and therefore becomes a Compliance Officer’s best friend.
If you are interested in finding out more about how a BPMS can help you contact me at AnthonyMurphy@LitheIT.com, call UK (141) 314 3707, or tweet me @Anthony_LitheIT.
See www.LitheIT.com for more information on Lithe IT and to download the comprehensive and free BPMS Selection Guide.
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