Have you set yourself up for success in the New Year, or are your resolutions going to fall short just before the end of the first quarter? Without a solid plan and the right tools to complete them, you’re sure to find that simply wishing for positive reputation or increased sales by 40% is not enough to make it happen.
Let’s start with the obvious: You want more profit. And like every for-profit business out there, you’re competing to provide the best of your industry. You might even be hoping your products will be enough to propel you through a prosperous, regenerating cycle, so your company becomes, or continues, as an eternal legacy¦ Along with everything else you’ve ever dreamed possible.
Unfortunately, forgetting about some of the following crucial factors (Don’t worry, we find tons of companies in this predicament), you’ll be sure to reduce your odds of success “ But if nurtured, they’ll actually help you reach your goals.
Trust Building “ Reputation Management via Proof of Compliancy
Gone are the days when a few smiling faces on an advertisement would suffice in earning consumer favor. Would you allow your family members to trust a company that lies, cheats and steals? Don’t expect your consumers to either. So you say your company is one of the noble few” but without any proof, who’s to know?
With advancements in technology, not only can small factors such as negligence in compliance dictate your reputation” but small changes to your business plans (such as a proactive regulatory implementation) can create positive PR and re-define your image.
For example, with the recent additions to the Frank-Dodds regulations, the Volcker Rule created a stir in the banking world, with world renowned banks fighting to defend their names in the media. Such PR disasters can be avoided, or even turned around, by choosing to ensure your company operates in compliance with regulations, and most importantly, can be trusted.
By automating your creation, distribution, and employee certification with the ConvergePoint Policies and Procedures template, you can: Set up renewals to stay ahead of the game in updating your current practices; Generate reports to boast your employee knowledge and certification rate based on the new standards, and last but not least, generate trust with your consumers and the media. The positive PR can help pave the way to achieving your goals, and how much you’ll save without having to clean up messy non-compliance spiffs.
Following a rule based approach, not only can new policies be made by following the regulations.gov Regulatory Process, but existing regulations can be automated so you’re never scrambling last minute or complaining that there’s too many new rules to implement by their deadlines.
A Strong Team, Powered by the Proper Tools
A business is only as strong as its weakest team, and a team is only as strong as its weakest member. So what if you have world-class members and incredible teams, but insufficient tools?
Leaving your team without the proper tools to maintain efficiency is a recipe for disaster. You hired the highly qualified IT candidate and he’s doing what?
If your IT department is being tasked with managing contracts, policies and procedures, and PO’s with file sharing, you’ll probably want to consider ringing in the New Year by choosing to automate the processes, redistribute the management to the appropriate teams, and keep track of your documents in one place.
Now that the IT team is free to manage those SharePoint projects you’ve been holding your breath for, you can also breathe easy knowing ConvergePoint accesses your ˜Active Directory,’ so importing employee names and departments won’t require even the slightest consideration.
Make ConvergePoint part of your New Year’s Resolution and watch the positive effects redefine your image and efficiency. If you find yourself daydreaming more often than before about bigger and better goals, don’t be too alarmed. It’s probably because you actually have the time.
ConvergePoint offers SharePoint Policy Management Software, policies and procedures templates, Sharepoint Contract Management Software, and SharePoint Employee Health and Safety Training Management Software to automate your document creation and renewals, distribution and management, while keeping all information in one place for easy tracking and reporting.
Read more blog posts from ConvergePoint policy management best practices.