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Compliance Management | On Demand Compliance Management Tools { CornerstoneOnDemand.com } Cornerstone Performance Cornerstone Compensation Cornerstone Compliance Cornerstone Learning Cornerstone Succession Cornerstone Analytics

Cornerstone Compliance

Fast Results for Companies Operating in Regulated Environments


Today's corporate enterprises fall under increasingly strict licensing and certification requirements. Cornerstone Compliance provides on-demand compliance management tools to greatly reduce the administrative overhead associated with meeting these challenges.

Companies spend extraordinary amounts of time and capital to conform to a range of regulatory requirements, including FSMA, Sarbanes-Oxley (SOX), MIFID, Basel II agreement, POCA, MAD and many others. Additional regulatory mandates can come from internal organisational mandates or regulated HR policies.

In addition to regulations that apply to the Financial Services Sector, all UK companies must comply with employment related regulation including, including Health and Safety, Disability Discrimination Act, Equal Opportunities Laws and the Data Protection Act.


Cornerstone Compliance automates the administration and management of all processes to ensure your organisation is adhering to the latest compliance requirements. Use Cornerstone to provide clear, real-time visibility into company activities, and to transform an administrative headache into a valuable area for cost savings and business improvement, while minimising risk.


Get Measurable, Immediate Benefits

Reduce Costs ""

- Lower cost of delivery by moving compliance training online
- Lower opportunity costs through more efficient, more targeted, more  effective training and reporting
- Lower administrative costs by automating key processes

Increase Compliance ""
- Employees have better visibility of their own compliance responsibilities through automated e-mail reminders and personalised online portals with real-time detailed training plans.
- Line managers have better visibility into compliance status of their subordinates through detailed reporting accessible anytime, automated e-mail reminders, and the ability to assign and track specific training.
- Business unit heads and in-country compliance staff have better visibility into compliance status for lines of business, divisions, or branches through comprehensive reports, dashboards, and the ability to run internal audits.
- Executives have increased visibility through centralised, roll-up reporting across large, decentralised organisations.


Key Features

Cornerstone Compliance addresses the following compliance areas:

One-Time Requirements
Recurring, Multi-Year Requirements
Audit Management
Enterprise Compliance Reporting

One-Time Requirements
Cornerstone delivers tools to support compliance with one-time compliance requirements, whether driven by external regulation or internal mandates. An external example is anti-money laundering training for financial services firms while internal examples include standard HR policies or IT security training.

Platform is pre-loaded with hundreds of best-of-breed e-learning titles from providers like Skillsoft, Eukleia, WeComply, ELT, Zoologic, and FT Knowledge for general HR or industry-specific compliance training

Deliver training or documents to specifically prescribed groups of employees and automatically tracks completion of training or receipt of materials

Dynamically generate acknowledgement forms at the completion of courseware, delivery of a company document, or other compliance training

Recurring, Multi-Year Requirements
Cornerstone Compliance delivers powerful tools to track all types of recurring, renewal-based, multi-year designations. The application supports all types of continuing education (CE) programs, acknowledging that CE credits can vary from state to state and from year to year – no one solution can fit all needs. Because of this, the Cornerstone Compliance system is not rigid software, but instead is a toolkit to allow different organisations operating in different regulatory environments to built highly customisable designations to track all types of certifications, licenses, accreditations, and permits.

Broadcast an annual global compliance message to relevant employees

Develop and post a schedule of applicable compliance training (targeted at specific sub-groups or even individuals)

Announce additional courses for specific business lines or job positions on an as-needed basis

Run compliance status reports ad hoc or on a scheduled basis
Set up status reports and quarterly reports

Audit Management
For companies that face interaction with regulatory bodies like the NASD, JCAHO, or others, Cornerstone Compliance provides automated survey and reporting tools to ensure compliance with regulatory audits and form submission.

Complete audit trail, electronic record, and electronic signature capability

For internal audits, Cornerstone delivers online survey capabilities to allow organisations to deliver dynamic assessments or surveys to meet a range of requirements, including those for employee reliability tracking

Enterprise Compliance Reporting
Once compliance requirements are set, Cornerstone tracks status and progress against those requirements, both at the individual level and across the aggregated user population. The system also tracks completion and expiration of certifications, licenses, permits, accreditations, and more. Administrators can always see, at a glance, organisational compliance status (or by division, location, business unit, etc.) and where there may be risk

Automated, scheduled reminders can be sent to users and managers to inform them of open compliance requirements, increasing completion ratios for training while minimising administrative pampering

Authorised users can access a suite of compliance administration tools which include the ability to view employee certification worksheets; mark credits complete; and grant extensions, as required

Flexibility and Self-Configurability

Cornerstone Compliance is built on open architecture, allowing you to leverage existing IT infrastructure and investments at minimal up-front cost. The system typically integrates with your existing HRIS systems within days, and deploys enterprise-wide within weeks. Because its interface is intuitive and easy-to-use and you can configure the system to match your current processes, user adoption occurs rapidly without intensive training.

The Cornerstone Compliance platform delivers immediate results to companies operating in regulated environments.



 

 

   
 

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