With all the complexities of doing business, there is a strong possibility that consolidating compliance training data is causing a major headache.
Data sprawl is no joke—training content is created, modified and stored in different offices, branches and organizational units around the country, or even the world!
As a result, it can take a great deal of time and money, especially if done manually, to get the information needed from various spreadsheets, shared drives and other systems. Yet time is not a friend when quick decisions are on the line.
Manually sifting through data also leaves the door open for compliance violations to go undetected.
When it comes to compliance, data is essential. It needs to be quickly and easily accessible as well as highly accurate.
But, with manual processes, data consistency becomes problematic. And this is potentially one of the most dangerous issues that affects the dispersal of data generated or modified in different locations.
There are a few things that need to be considered when choosing a compliance training solution that can help significantly when it comes to data consolidation.
Did you know that 70 percent of organizations are highly impacted by compliance training requirements?
So, it’s important to find a compliance training solution that can solve your toughest regulatory challenges efficiently and effectively.
Common issues with regards to training include,
The tips in the previous section—integration, automation, analytics & content management—all help to unify compliance initiatives and establish a cohesive ecosystem.
By utilizing this concept, data consolidation will never be a problem because it’s strategically woven into automated processes.
With complete data available, the system can take that information and provide things like risk alerts, gap analysis reports and learning interaction tracking and analytics. These are all things that help a business get and stay compliant.
ShareKnowledge is an end-to-end compliance training solution and Brandon Hall award winner for 'Best Advance in Learning Management Technology for Compliance Training.'