The Brexit Aftermath: Why Identifying And Managing Supply Chain Risk Is More Important Than Ever For Exporters

blog, Compliance Monitoring Software, Import/Export, Risk Management, Supply Chain

If you’re an exporter, last week’s shock result in the UK’s ‘Brexit’ referendum has thrown the importance of supply chain management into the spotlight. Britain’s decision to leave the European Union has rocked markets worldwide, and The Australian reports that some executives and advisers are cooling off on corporate deal-making as boards wait to see how currencies settle and reassess the risk of doing business in Britain.

FTAs, Risk Management and The Transport Industry

Audit Management, blog, Compliance Monitoring Software, Risk Management, Transport & Logistics

As exporting begins to ramp up like never before in the wake of ChAFTA, the roles of transportation, freight, and logistics are updating their policies and implementing new procedures as matter of necessity. Incorporating and complying with all of the new sets of regulations involved with such a large opportunity will be challenging, meaning that risk management efforts in these areas need to be elevated as well.

Real Time Risk Management Is Not Optional Anymore

Big Data, blog, Compliance Monitoring Software, Risk Management, Trust

Businesses in Europe and the US are poised to leave us behind. That may seem a bit blunt and perhaps is a slight overstatement, but the essence of the statement is true, according to new global data released by multinational professional services firm Ernst and Young.
The survey in question looked at businesses around the world and how they are managing their risk. While Australia has historically “been at the forefront of risk management”, we are now merely “on par” with our industrial global counterparts, and that is a concerning trend.
Today we consider how real-time risk management is necessary, in order to compete in global business.

In Compliance, Big Salaries Come With Big Risks and Responsibilities

blog, Compliance Management, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

Compliance has become a huge industry, partly out of wanting to simply do good business, but mostly out of the necessity of complying with ever-increasing rules and regulations from governments and other regulatory agencies.
In response to the new demand, companies are now paying hefty salaries to compliance officers. As with all things, however, great rewards come only from great risks and responsibilities.
In this article we explain why Compliance Officers are earning higher salaries and why they are personally at risk for non-compliance.

Increasing Risk Liability and Pressure Mounting on Franchisors

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Risk Management

The movement in the US for a higher minimum wage has taken a new angle in attacking large franchisors, and it could threaten to rip apart the franchising industry as we know it. There are now consolidated cases going before the National Labour Relation Board which claim that a franchisor – such as McDonald’s, one of the companies being attacked – is actually a joint owner with its franchisees.
If the board rules against McDonald’s, it would mean that the corporation could be liable for wage underpayments or other violations, even things that aren’t related to the franchise agreement. The franchise owners would also basically lose their “business owner” status and be more subject to corporate policies. They would become, essentially, corporately-controlled outlets instead of franchises.

Compliance Experts GRC Solution To Monitor Telecommunications Consumer Protection (TCP) Code Compliance

Audit Management, Audit Management App, blog, Compliance Monitoring Software

Leading risk and compliance management solutions provider iComply Pty Ltd today announced the successful deployment of its online compliance solution – iAppraise – in support of Communications Compliance.
The TCP Code is a code of conduct for the Telecommunications Industry in Australia. It provides community safeguards in the areas of sales, service and contracts, billing, credit and debt management, changing suppliers, and complaint handling. It also sets out a framework of code compliance and monitoring. The TCP Code was registered by the ACMA on 1 September 2012 and applies to all Carriage Service Providers in Australia.