MANAGE REGULATORY COMPLIANCE WITH ERP

As you may already know, ERP software is capable of managing nearly all of your daily business processes. But what if I told you ERP software also has the capability of helping you achieve regulatory compliance, too?

As ERP systems have advanced, so have the regulatory compliance tracking capabilities. With real time access to essential data and automation, it’s easier than ever to ensure that not only have regulatory compliance challenges been met, but they’ve exceeded expectations.

Traditional processes, such as spreadsheets and paper-based tracking, are still effective, but nonetheless, it’s time consuming and opens the door for human error.

So, how does ERP software manage regulatory compliance? Let’s take a closer look…

Increased Visibility and Control

A major component of regulatory compliance is the visibility and transparency of business processes. From acquiring the materials or products for production through final delivery to the customer, you must be able to track material flow to meet compliance guidelines. ERP systems enables this visibility and transparency.

Data Security and Access Controls

ERP systems are home to lots—lots!—of data, including private data such as banking and personal health information. It’s mandatory upon businesses to manage your data—and the software that houses it—responsibly, and the reason we have laws like HIPAA and GDPR on the books.

As the first line of defense against potential security breaches, ERP software offers tools such as access controls, data encryption, compliance management, and server-based processing. This is designed to keep data out of the wrong hands.

Enhancing Traceability and Quality Control

Traceability goes hand in hand with visibility and transparency. The need for product traceability is critical in a compliance-regulated environment. Most ERP systems provide a comprehensive framework for managing product innovation with solid product data management, quality process controls and product traceability. ERP systems also streamline the process of tracking such issues in an efficient manner. The result is better-quality products.

Regulatory compliance is a growing concern for any regulated industry, and as the number of regulations and standards increase, you need an ERP system that can address this ever-evolving environment.

Next Steps: Put your ERP Solution to Work

Now that you know how ERP software can help your business achieve regulatory compliance, it’s time to put that knowledge into action. Contact the ACC team to begin your ERP journey.