Achieve compliance with valuable feedback

Compliance: Does your company work with compliance?

For most companies, the answer is yes - whether they know it or not. But why is that? You ask. That is because Compliance is, briefly explained, about alignment between A and B. But what does that mean? And do you achieve this alignment? This article will present the answers, where we give you the answer to what compliance is, why it is vital for your company, employees, partners and suppliers alike – and of course, how FlexCo can assist you in ensuring compliance throughout your company.

What is compliance?

Compliance is about making sure that there is an agreement between A and B.
A will often be a set of rules of regulations such as industry regulations, government legislation or internal guidelines, whereas B would be the organization’s partners, suppliers, customers, employees etc.
If a company (or part of it) is in compliance this means that they are in accordance with established guidelines or regulations – or at least the process of becoming so.

As such, compliance is relevant for every part of an organization. Being compliant most often means you make fewer mistakes. For example: when the organization and its suppliers comply, they understand each other, they make fewer mistakes, and the corporation is more efficient and frictionless.

What is compliance?

Compliance is about making sure that there is an agreement between A and B.
A will often be a set of rules of regulations such as industry regulations, government legislation or internal guidelines, whereas B would be the organization’s partners, suppliers, customers, employees etc.
If a company (or part of it) is in compliance this means that they are in accordance with established guidelines or regulations – or at least the process of becoming so.

As such, compliance is relevant for every part of an organization. Being compliant most often means you make fewer mistakes. For example: when the organization and its suppliers comply, they understand each other, they make fewer mistakes, and the corporation is more efficient and frictionless.

Why is compliance important for my company?

Feedback is key to most (if not every) business today. Feedback ensures that we make correct decisions based on relevant data – not the feeling in our stomach. When you have the proper feedback to base your decisions upon, you have the foundation to ensure compliance throughout your organization.

Let’s put it this way: It does not matter whether your customers want to buy a banana or an apple – what is essential is that you know what they are looking to purchase from you! And how do you obtain this knowledge? By asking the right questions to the right people and thus receiving valuable feedback.

With feedback
you can control the uncontrollable

– FlexCo lets you do exactly that.

When you have compliance in your organization, it means that you can:

• be agile and make swift decisions
• be proactive and predict possible errors in your value chain
• minimize risk
• based decisions on relevant analysis and data
• act smarter, better and faster.

EXAMPLE:

ENSURE EMPLOYEE

COMPLIANCE WITH RELEVANT FEEDBACK

COVID-19 has changed the way we work – no doubt about it.

Many employees have been accustomed to working at home. But now it is time to get back to normal.

Do you want to ensure your employees’ compliance during these times of change?

Here are 2 ways your company and HR department can secure employee compliance:


1. Know what’s coming

Be resilient No better way to maintain employee compliance than to know what challenges might be in the way of compliance. How to know this? Ask you employees the right questions and utilize on the feedback and data you get to be proactive.



2. Be agile - get online

Get real-time feedback No more manual surveys and hours spend on analyzing questionnaires. Go online with the FlexCo platform and let us deal with the analysis for you! We provide you with relevant feedback in real-time.


Contact FlexCo today to learn more about Employee compliance through our feedback system. .

Want to know more about the importance of feedback? Visit our article “Why is feedback important more than ever”.

 

How to achieve compliance

The goal in most organizations is to have compliance, but how do you achieve that? The short answer is useful feedback- or assessment-system. To provide you with a long solution, let’s have an example.

In many organizations, there is a goal to have Supply Chain Compliance.

 

 

This includes:

  • Securing supply chain with solid process and procedure
  • Agile feedback to be flexible
  • High engagement and performance to ensure quality
  • Flexible to needs in order to address changes.
 
 
 

To achieve compliance, the organization must:

  1. Determine which behavior, ethics and rules fall within the company’s territory
  2. Plan, organize and develop internal guidelines on how to comply with these rules
  3. Make compliance a factor when on-boarding new suppliers
  4. Set up a feedback chain to improve transparency and supply chain visibility with your existing suppliers.
 
 

A clear strategy and agile feedback- or assessment platform will help you achieve a trusted supplier relationship and ensure each process and procedure in your supply chain from what the supplier delivers to when he delivers it and in what quality. And if necessary, you can create changes and act on facts – not conjectures.

 

 

How can FlexCO assist you in achieving compliance?

 

At FlexCO we deliver such feedback in the form of real-time analysis through our assessment platform.

 

You ask the questions, respondents deliver the answers, and we provide the relevant analysis. It’s that simple.

 

We have already established that compliance is crucial for your company – and that feedback is extremely important for your compliance. But you might now be aware that not all input is as relevant. It is not just about feedback but receiving the right feedback.

 

For feedback to be relevant and valuable, it must come directly from the source. For example, your feedback must come from the supplier you work with to achieve supplier chain compliance. The same goes for every aspect of your company.

WHEN YOU CHOOSE FLEXCO, YOU CAN EXPECT:

tool tailored for your specific needs

a high degree of user-friendliness

a platform where you own your data! (we are GDPR-compliant)

a partner (FlexCo) which provides a personal service

lots of guidance – we never let go of a customer before they feel 100% comfortable working with our software

a lot more free time as you do not have to burden yourself with heavy analysis-work – let the system do the math for you.

Want to know more?

Want to know more? Reach us today and begin your compliance-journey At FlexCo we support you throughout the full process. From the initial introduction to your new software until you feel completely comfortable using our software in your daily routine. Set up your assessment feedback for compliance today and start harvesting all the benefits from real-time insight, automatized analysis and validation files.