FOR IMMEDIATE RELEASE
Press Release Submitted By hiteclabs.com
Slough, UK (30th May, 2013) – Hitec Laboratories, a leading provider
of Enterprise Content Management (ECM) and Governance, Risk and
Compliance (GRC) software solutions to enterprises around the world,
highlights the challenges law firms are facing in an increasingly
regulated environment. (Free-Pr-Online.com)
The compounding growth of regulations and compliance directives means
Partners, COLP’s and COFA’s are facing added pressure to demonstrate
Compliance and Best Practice. Law firms appreciate the requirement for
robust Policies and Procedures, but realise that these alone are
almost worthless if they are not regularly reviewed and communicated
properly, leaving them vulnerable to financial and reputational damage
in the event of a regulatory investigation.
These risks, along with escalating accountability at an individual and
Partner level, means proactive management of critical Policies is
essential to mitigate liability.
Hitec are finding more and more law firms are deploying their
automated Policy Lifecycle Management solution, PolicyHub, to help
them simplify their entire policy lifecycle process, from creation and
review through to communication, knowledge assessment, audit and
reporting.
Jeremy Crame, CEO of Hitec comments: “We are being continually
approached by Law firms asking for advice and support with their
Policy management programmes. Driven by tightening regulations and
standards, these firms are implementing automated solutions to ensure
their Governance, Risk and Compliance needs are met and to demonstrate
Best Practice. Automated solutions provide peace of mind in an
increasingly demanding regulatory environment, providing evidence
should litigation arise. Our customers agree that their administrative
overheads can be costly and managing silos of information from various
sources is incredibly time consuming and susceptible to errors. They
like PolicyHub as it’s a built for purpose, cost-effective solution
that protects them from serious risks by providing evidence of Best
Practice.”
Jeff Wright, Partner, Facilities & IT Director, on behalf of Morgan
Cole LLP, a Hitec PolicyHub customer, states: “We already had a number
of well written Policies in place. Over time we’d also established a
system of ‘Policy owners’. Where we were struggling was the lack of a
system that could make management of this process really effective,
simple and sustainable.”
As the demands of addressing legislation and regulations increase,
firms are looking for a practical solution that is easy to deploy and
configure. PolicyHub is simple to use and enables proactive management
of critical documents, supporting law firms to avoid the significant
risks associated with non-compliance.
Hitec’s PolicyHub received a special commendation at The Compliance
Register Platinum Awards. The solution was recognised for ‘Exemplary
Service to Compliance and Regulation’.
See a PolicyHub demonstration online at:
https://www.hiteclabs.com/solutions/grc/policyhub/policyhub-demo/
For more information contact Hitec on 01628 600900, email:
enquiries@hiteclabs.com or visit: www.hiteclabs.com
Follow them on LinkedIn and the Hitec Blog.
About Hitec Laboratories:
For more than 20 years Hitec Laboratories has been helping Customers
in the Financial, Commercial and Public/Government Sectors to address
some of their most pressing business and operational challenges. Hitec
solutions span Enterprise Content Management (ECM) and Governance Risk
& Compliance (GRC), enabling organisations to reduce costs, increase
efficiencies, ensure compliance and protect against risk. Today, Hitec
enjoys a large SME and blue chip customer base in over 30 Countries
worldwide.
Hitec’s overriding belief in collaborating with Customers and Partners
has led to its rapid expansion, both organically and by acquisition.
Their longstanding Customers of fifteen years or more are testament to
their passion for Partnership and desire to provide businesses with
credible, tested software solutions which are continually evolving.
Hitec’s integrity is highlighted by the relationships they develop
with their Customers and Industry Leaders and they continue to inspire
and challenge the market as well as offering presentations and
articles which aim to cultivate a co-operative business environment.
Contact:
Cheryl Nichols
HiTec Labs Ltd
430 Bath Rd
Slough, Berks
Zip: SL1 6BB
Tel: 01628 600900
Email: cheryl.nichols@hiteclabs.com