NAVEX Expands GRC Solutions for Small and Medium-Sized Businesses
TL;DR
NAVEX makes it easier for SMBs to start and scale their GRC programs, giving them an advantage in regulatory compliance and future growth.
NAVEX WhistleB offers report intake, streamlined reporting, and case resolution to ensure compliance with EU whistleblowing regulations.
NAVEX empowers SMBs to establish a risk-aware corporate culture, complying with regulations and strengthening employee participation for a better tomorrow.
NAVEX provides fast, secure report intake and clear incident management processes, making compliance easier and more efficient for SMBs.
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NAVEX, a leader in integrated risk and compliance management software, has announced expanded offerings designed to help small and medium-sized businesses (SMBs) establish and grow their governance, risk, and compliance (GRC) programs. This move comes as SMBs face increasing regulatory scrutiny and the need to meet complex compliance standards, particularly when partnering with larger enterprises or considering future growth opportunities.
The company's initiative addresses a critical gap in the market, as many SMBs struggle to implement comprehensive compliance programs due to resource constraints. NAVEX's research reveals that 42% of risk and compliance professionals at SMBs have additional non-compliance responsibilities, highlighting the challenges these businesses face in dedicating full-time resources to compliance matters.
One key offering in NAVEX's expanded suite is WhistleB, a solution designed to help businesses comply with EU whistleblowing regulations. This tool provides essential features such as report intake, streamlined reporting, and case resolution, enabling SMBs to meet legal obligations efficiently. The system's focus on EU regulatory compliance and data security (with SOC 2 Type II certification) makes it particularly valuable for businesses operating in or dealing with European markets.
Beyond whistleblowing solutions, NAVEX is providing SMBs with a range of tools to build comprehensive GRC programs. These include compliance training and policy management solutions, aimed at fostering a risk-aware corporate culture that can scale with business growth. By offering these tools, NAVEX is enabling SMBs to proactively address compliance challenges rather than taking a reactive approach, which can lead to costly fines, reputational damage, and lost business opportunities.
The implications of NAVEX's expanded offerings are significant for the SMB sector. As regulatory environments become increasingly complex, these businesses now have access to enterprise-grade compliance solutions tailored to their specific needs and resources. This development could level the playing field for SMBs competing with larger corporations, particularly in industries where compliance is a key factor in securing partnerships or contracts. Moreover, by simplifying the process of implementing robust GRC programs, NAVEX's solutions may help SMBs position themselves more favorably for future growth opportunities, including mergers and acquisitions.
Curated from News Direct
