Regulatory and Industry Standards Obligations Management
Manage your compliance obligations from regulations and standards, and from internal documents such as permits and contracts.
- ISO 14001 / 45001 / 50001 Legal Register/ Compliance Obligations/Law List creation and maintenance
- Up-to-date inventory of laws, regulations, codes, statutes and standards at all times
- Generate audit protocols based on the laws, regulations and documetns that you wish to assure compliance to
Identify external obligations in regulations and standards
Access the world’s largest database of regulatory documents for over 40 countries with over 500,000 identified documents and 2,000,000 specific obligations. Filter and build your Compliance Obligations Register (legal register) based on your operations.
Add your own internal documents
Easily add your documents (contracts, environmental permits, and stakeholder engagements,...) to Nimonik. Using Nimonik’s algorithms and technology, obligations are identified and added to your register.
Once your comprehensive Compliance Obligations Register is built, your team can begin to assess applicability and compliance.
Determine applicability and compliance
Once documents are added to your Compliance Obligations Register, subject-matter experts can validate the applicability and compliance of the organization to the document. A record is stored in the NimonikApp software for each assessment, creating a complete audit trail of your compliance process.
After applicability and compliance identification, Nimonik recommends a risk evaluation to help prioritize your compliance actions.
Risk rank obligations
No organization can tackle all compliance obligations at once. Use a risk matrix to rank and prioritize the risk your organization faces for each compliance obligation.
Once risk has been quantified, you can reduce it with internal controls and documentation.
Link obligations to internal controls
Compliance obligations can be connected to control measures, policies, procedures, people, teams and reporting dates. These controls allow you to dramatically reduce the risk of non-compliance.
With risk mitigation in place, you can identify the residual risk and present an accurate compliance profile to management.
Once you determine applicability, identify risks, add internal controls and assess compliance, you can generate reports for colleagues, management and auditors.
Nimonik offers instant reports to identify areas of concern and follow-up with colleagues.
Manage Actions to come into compliance.
Data Security is a top priority at Nimonik.
Nimonik encrypts all data, offers Single Sign On, enforces strong passwords and regularly tests our systems with Penetration tests and other security measures. Our systems are used by numerous Fortune 500 companies, who rely on us to keep their data safe and secure. Nimonik operates an information security management system based on ISO 27001.
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