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SumTotal Webinars Focus on Optimizing Workforce to Meet Compliance Requirements
|By Business Wire
|May 14, 2014 10:01 AM EDT
Systems, LLC, the largest independent provider of learning and HR
solutions, today announced a webinar series designed to help
organizations understand how to create compliance-ready organizations.
The average organization loses about $9 million a year on non-compliance
due to business disruptions, like operation shutdowns, productivity
loss, fines and penalties,1 and it is not just traditional
highly-regulated industries anymore. A survey by InformationWeek showed
that almost 90% of organizations have to comply with two or more
“All organizations are affected in one way or another by compliance and
compliance-related issues. These can include regulatory requirements,
data protection and privacy mandates, financial reporting regulations,
globalization requirements, safety certifications, workplace ethics and
so forth,” said Bill Docherty, SumTotal’s vice president of product
management. “To mediate risks and avoid costs associated with
non-compliance, organizations need to be able to act immediately when
compliance requirements change, especially in highly-regulated
industries like financial services and healthcare. Learning management
systems are a critical component of an organizations ability to maintain
Docherty said a robust learning
management system (LMS) can help organizations establish and
implement controls to maintain certifications, licensing and
accreditations systematically; centralize tracking to reduce
redundancies and demonstrate compliance for audits; and lower learning
delivery costs by moving some of or all compliance training online. He
said key features to look for are completion and exception reporting and
analytics, electronic signatures, content versioning, and just-in-time
learning access through mobile, social and offline delivery.
SumTotal will host two webinars
in May to discuss ways organizations can align people, processes,
technology and information to meet their complex compliance requirements.
Is Your Organization Compliance Ready? Start by Organizing Content,
Culture and Context
Presenter: Christa Degnan Manning, HfS Research senior vice president,
global workforce and talent strategies and solutions
May 15: 1 p.m. EDT, 12 p.m. CDT, 11 a.m. PDT
Register at https://www1.gotomeeting.com/register/111094032
Managing Risk: How Fallon Health Stays Healthy with Compliance
Presenter: Scott Beaird, senior director of talent management at Fallon
May 29: 1 p.m. EDT, 12 p.m. CDT, 11 a.m. PDT
Register at http://www.hci.org/lib/managing-risk-how-fallon-health-stays-healthy-compliance
Follow @SumTotalSystems and
keep up with the conversation using the event hashtag: #STWebinar. Visit www.sumtotalsystems.com and
check out the SumTotal
Blog for more learning and talent management tips and perspectives.
About SumTotal Systems
Systems, LLC, the largest independent provider of integrated HR
solutions, is increasing the performance of some of the world’s most
successful organizations, including AstraZeneca (NYSE: AZN[ADR]; London:
AZN), Amway (KUL: AMWAY), and Seagate (NYSE: STX). The only HR solution
provider to deliver Talent Expansion, a whole new approach to
discovering, developing and unleashing hidden potential within our
customers’ workforce, SumTotal delivers employee enablement solutions
that help organizations become great places to work. SumTotal’s
people-focused applications, available on premise and in the Cloud,
enable contextual, just-in-time development designed to advance
employees’ skills and knowledge. Today, more than 3,500 organizations,
including several of Fortune’s “Best Places to Work,” rely on SumTotal’s
on premise and cloud-based Talent Expansion applications to enable their
1 “While the average cost of compliance for the organizations
in our study is $3.5 million, the cost of non-compliance is much
greater. The average cost for organizations that experience
non-compliance related problems is nearly $9.4 million.” Ponemon
Institute study “The True Cost of Compliance.” Jan. 5, 2011. http://www.ponemon.org/library/the-true-cost-of-compliance-a-benchmark-study-of-multinational-organizations
2 InformationWeek’s Regulatory Compliance Survey.
Sept. 24, 2012. http://reports.informationweek.com/abstract/14/8935/Regulatory-Compliance/research-compliance-in-the-cloud-era.html?cid=rpt_press_rls
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