11 Jun Maintain compliance with new Infor solutions
For a business to be successful, it needs more than just high-quality products and services. If a firm cannot reach and maintain regulatory compliance, it is possible that it will lose money, time and reputation due to violations. Thanks to advanced IT offerings, any organization can incorporate compliance into its IT planning seamlessly.
Infor recently announced that it is playing an important role in the quest for compliance with Infor Approva Continuous Monitoring 10.0.1, which is now available for purchase. The leading business application software provider explained that these new Infor solutions include benefits such as broader documentation support and a simplified integration process. This way, organizations in the public sector, manufacturing, healthcare and service industries will be better equipped to meet their governance, risk and compliance needs.
"In such a competitive business environment, organizations can't afford to lose time dealing with issues related to compliance," noted Darci Snyder, vice president of product management at Infor.
According to the recent Cost of Compliance Survey 2013 by Thomas Reuters GRC, 39 percent of businesses spend between one and three hours each week updating policies and procedures to reflect continuously-changing regulatory requirements, while 22 percent spend between four and seven hours. Tools like Infor's could help these firms save time at the same time as boosting preparedness.