Learn More
Next Steps
Ezine
Covalent Compliance - Manage compliance audits and other self-assessments
Covalent Compliance assesses compliance status for audits and inspections against the relevant regulatory frameworks, provisions and codes. It eliminates all that hassle gathering supporting evidence for regulatory inspectors and other types of auditors. With a few clicks you can attach data, comments or relevant documents to back up your case.
- Ensure a consistent approach. Covalent ensures that everyone follows the same approach to undertaking self-assessments, in line with the published framework and regulatory guidance. Assign individual questions or model sections to particular users to spread the administration load of completing assessments.
- Simplify the gathering of your supporting evidence. Add notes or attach documents to back up the judgment on the score chosen. Specify links to actions, PIs and risks held elsewhere in Covalent that provide further supporting information.
- Take action well in advance of the audit/inspection. View the current position at any time and undertake multiple assessments over time to track how improvements are coming through. Quickly identify lower scoring areas (red or amber) that merit further attention with intuitive traffic-lighted views of the entire compliance framework.
Template frameworks
Select from Covalent's library of sector-specific and other relevant governance frameworks. Each template contains the model structure, Key Lines Of Enquiry (KLOEs) and key questions with all supporting statutory guidance/background information. Create your own compliance management framework for internal audit/governance purposes.
Self-assessed scoring
Define the precise scoring mechanism used for each question in the model 'rules'. These rules form the basis of the traffic-lighting when you are doing the actual assessment. Score current performance for each question in the model hierarchy, resulting in a traffic-lighted status based on the pre-defined rules.
Supporting evidence
Create free text field labels where you can store commentary by way of further evidence for the self-assessed score. Files of any type and format can also be uploaded as further supporting evidence. Add further commentary and explanations in the Notes panel. All notes are user and date stamped.
Proactive accountability
Reinforce lines of accountability by assigning each item to nominated users, at different levels of responsibility (e.g. Manager, Assignee, Viewer). Automatically email update reminders and status change alerts (e.g. green to red) to the appropriate department or person.
The Compliance module is a powerful self-assessment tool, particularly with respect to evidencing progress towards high achievement.
Self-assessments are all about evidence, and the Compliance module allows us to attach supporting evidence to our assessments.
The Compliance module is very useful - clear, concise and easy to use. I particularly like being able to link to other modules from our Equality Standard Framework self-assessment. In this way we can see the RAG status of our actions, PIs and risks and keep a handle on the different elements of performance.