Our governance risk and compliance (GRC) software ensures effective regulatory compliance management by allowing regulators a live view status of corrective actions for all users via a central corrective action register. Everyone works off the same list which allows for full visibility on corrective actions while enforcing accountability via WebActionHero's full audit trail features. So when regulators approach you to audit, be ahead of the curve and invite them to become part of your best practice corrective action plan. No more time wasted comparing one status list with another.
Ensure effective regulatory compliance management by allowing regulators to participate directly in corrective action workflows related to regulatory compliance audits. WebActHero allows you to invite regulator auditors to collaborate in corrective action workflows and action discussion boards, thus ensuring timely and effective resolution of regulatory issues.
Sarbanes Oxley Compliance
WebActionHero is designed for industries operating in highly regulated environments, ensuring SOX Compliance. Many industries face more regulatory and audit pressures due to major events occurring in their operating sector. The Sarbanes Oxley financial reporting regulations introduced after the corporate financial scandals in 2000 and 2001 (eg. Enron, Tyco, Worldcom) is an example of a gradual change in mindset with respect to government regulatory oversight of industries. Our product is built to ensure visibility and accountability for SOX driven regulatory compliance issues that businesses struggle to manage and communicate.
More recently, Deep Water Horizon disaster has prompted the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) to make adoption of API RP 75, Safety and Environment Management System (SEMS) a mandatory requirement for all operators in the US offshore continental shelf. BOEMRE requires all operators conduct independent third party (I3P) audits of their facilities based on their SEMS program within 2 years of Nov, 2011 and every three years thereafter. Adherence to SEMS requires operators to conduct regular hazard analysis of their operations and report to BOEMRE as part of their audit programs. WebActionHero makes audit reports and corrective action tracking from such activities simple and allows users to include regulators to view audit status reports, resulting in true transparency and adherence.Close
- Gary Karasek - Founder and CEO
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