Compliance software is now a must have

Posted by Chris Fisher on Fri, Jun 24, 2016 @ 10:07 AM

Most mid-size and larger companies have already implemented compliance software, but it’s not uncommon for others to attempt to keep up with compliance manually or even with paper-based processes. With Sarbanes Oxley and ACA compliance becoming more regulated each year, increased accountability and visibility through all levels of management is mandatory for business.  GSA Compliance is as important. For example, if GSA finds an organization in non-compliance, auditors can suspend a contract while they determine debarment. Sarbanes-Oxley is about tracing and tracking information back to source business applications that generated the actual data. Process management, auditing functionality, cost analysis and reporting are required for any compliance based products. Documentation support and records management are other benefits that must be considered for proper compliance in any department.

The simplest solution to avoid any of these pitfalls is a compliance software or platform that can eliminate risk. A compliance assistance software integrated with an ERP or accounting system allows analysis of all source data. Intellect’s Accelerate Platform is a best-of-breed compliance assistance product that integrates with existing application program interfaces (APIs). With a compliance Platform as a Service (PaaS) all systems can seamlessly assemble information from a variety of databases to ensure compliance objectives are met.

Some benefits of compliance software is as follows:

  • Automated management reporting overdue tasks.
  • Real-time performance feedback to management.
  • Automatic cross-referencing of processes, resources and activities.
  • System reviews in workflow processes.
  • Risk assessment and JSA activities on tasks.
  • Records filtering with archived data.
  • Interactive tools for troubleshooting root causes.
  • Governance module for business planning to ensure proper outcomes.
  • Integrating ISO31000 level proactive risk management.
  • Cross referencing of documents to legislation, resources, historical activity, etc.

Managing and enforcing policy and procedures for compliance is a long-term objective and has many benefits. Reacting quickly to changes in law, enforcement actions and external events are immediate with compliance software. Creating a continuous state of readiness for audits, surveys and exams and increasing accountability and management visibility into compliance status are easily regulated with the right PaaS.  Decreasing labor intensive processes and documentation and enforcing standards and consistency throughout organizations are specific duties that can be tackled once compliance ready software is implemented. This also helps with streamlining internal audits into areas of high risk of non-compliance. Many organizations concur that by utilizing compliance software, the ROI is immediate, as is the peace of mind that comes with it. 

If you’d like to learn more and create a Proof of Concept app with Intellect, click here for a free trial.

Tags: Compliance, Regulations, Platform as a Service (PaaS)

Configurathon for building business apps with no programming

Posted by Romeo Elias on Fri, Jun 03, 2016 @ 05:00 PM

Everyone seems to be talking about hackathon competitions these days and the programmers who huddle together in teams to code apps in a short amount of time (usually a few days) and present them to judges.  The concept is really cool and fosters innovation and an outlet for programmers with ideas to demonstrate their creativity and programming skills. 

We loved this concept and wanted to provide a similar outlet for the rest of us with ideas, but who are not programmers and don’t have as much time.  So we started a similar competition last year during our annual customer conference:  The Configurathon™.  The concept is very similar to a hackathon except for 3 main differences:

  • It is open to anyone, not just programmers, as there is no programming involved.
  • The apps are built on Intellect through drag and drop configuration (hence the name).
  • The total competition time is 2 hours, with the first half hour used for setup and going over the rules. 

The results are amazing!  Last year’s winner was a CRM mobile app that blew the judges away with its ease of use and richness of features, not to mention that it was built from scratch in just 1.5 hours.   This year’s winner built an event agenda management mobile app.  This one was especially astonishing given the competitor had just taken the basic training course in the conference and joined the competition on the third day. She had no prior experience in building apps in any platform, let alone Intellect.

We’re really excited about the Configurathon™ and look forward to future events and what the competitors will come up with next. If you’d like to learn more and create a Proof of Concept app with Intellect, click here for a free trial.

Tags: Workflow and Business Process Management, Low code platform, Platform as a Service (PaaS)