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07
Get Stuff Done
Driving Demand :
THE EVOLUTION OF
COMPLIANCE
Mobile usage in Australia has never been higher . According to Deloitte , we ’ re rapidly approaching 100 % mobile penetration . Is your business evolving to meet the mobile needs of your customers , and increasingly , your employees ?
Fintech captured the imagination of entrepreneurs and financial institutions around the world with its ability to change the face of customer experience . Now regulatory technology , or “ regtech ”, is doing the same for businesses by leveraging machine learning and data analytics and applying it to issues of compliance .
A key component of both technology sets is adaptation for mobile . With consumers already committed to mobile , employees are rapidly catching up with increasing expectations of seamless mobile technology at work . Here , we take a look at three tools enabling businesses to ditch pen and paper and bring compliance into the 21st century .
1 . Vault intelligence
This New Zealand-based risk and safety management app aims to help you create a safer workplace with an all-in-one approach to environment , health and safety matters .
Headed up by former Xero executive turned general manager of commercial operations at Vault Intelligence , Tim Dowling , the app has a colourful , modern interface and an impressive array of features , allowing users to register risks , manage events , build and share JSAs , generate reports and drive governance .
Worth a look for businesses wanting to encourage staff to take an active role in their health and safety , and mitigate risks and prevent breaches across multiple locations .
2 . WordFlow
This Sydney-based startup is all about documents , with a stated aim to “ maximise the value of your information by making it available when , where and how it is needed by your audience .”
WordFlow suite of products automatically converts content – Word , PDF and Databases - into searchable , mobile optimised web pages , at scale .
But it ’ s not just turning analogue to digital . WordFlow will also auto-enrich with tagging , glossaries , and links , to make your content more easily accessible and usable online .
This could have incredible applications to any business slow to digitise complex documents like contracts , procedures , prospectuses and product disclosure statements .
3 . ArcLife
Education is a cornerstone of compliance but often overlooked in terms of innovation , how it can align to provide business value and progress learning .
According to entrepreneur Erin Mulvey , there ’ s a war to be waged on meaningless compliance training .
ArcLife is a strategically designed suite of educational tools featuring simple interfaces . “ Most people dislike compliance training , even if it ' s in areas such as human rights in global supply chains ," Erin says , " so ArcLife uses a story led approach to deliver relevant content in a highly engaging way . This approach has led to greater results and uptake of key outcomes ."
For any business looking for a refreshed and redesigned approach to compliance and employee education .
NEXT EDITION WE TALK ABOUT LEADERSHIP
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Workforce Life | ISSUE 03