Keeping up with current legislation can be a challenging task. From statutes to local ordinances, the laws that affect your business are constantly changing. It's important to stay on top of these changes to ensure you're "in compliance" .
But how do you keep track of all the regulations that apply to your company? And especially changes to them? In this blog post, we'll give you some tips on how to stay on top of it.
What is the basic information about the legislation?
The first step to staying up-to-date on current legislation is to find out what laws and regulations apply to your company or industry. Depending on where your company operates and what sector it operates in, you may need to look outside the Czech Republic. Czech laws and regulations can be found online (e.g. laws for the people) or through prepaid services such as ASPI or BECK-ONLINE.
Once you know which laws apply to you, it is important to keep track of any changes that occur over time. This is where the services mentioned above come in handy. These offer extensive databases of legal materials and allow you to search by keyword or topic and access updated versions of legal documents whenever new changes occur. In addition, some have email alert systems that notify subscribers when new legislation is introduced or adopted - a great way to stay up to date!
Compliance monitoring
Of course, it is not enough to know what laws apply. You also need to ensure that your business complies with these laws at all times. To do this effectively, consider using software solutions designed specifically to monitor compliance. Many of these solutions offer automatic alerts when new laws are introduced or changed. Therefore, companies can also adjust their internal regulations accordingly without having to manually track all potential changes themselves. Many compliance software solutions offer extra features - such as integrated training modules for employees to keep everyone up to date on relevant regulations.
Automated overview of all requests
You can make it a little easier - create an overview of all the important requirements that affect your company. This is one place where the whole company can gather all the legislation, regulations or even standards they have to comply with. From this overview, the company then selects only those requirements that affect it. And that's where it gets interesting, because the company only works with relevant text.
The next part of the review considerations is the use of IT tools. These create the requirements overview very easily and quite quickly. GlobalSuite is one such tool, which we describe on our website. In addition to compiling the list, it also allows you to update it whenever there is a news (amendment). The company is therefore always up to date!
A few thoughts in conclusion:
Keeping up to date with current legislation can be challenging, but it's an important part of running a successful business - and shouldn't be taken lightly! By researching current laws and tracking changes with GlobalSuite, companies can stay compliant while avoiding costly fines for non-compliance. In addition, utilizing software solutions designed specifically for compliance tracking can help companies easily keep track of applicable laws without having to manually monitor them on a daily basis - giving management teams the confidence that their company is always staying in compliance with applicable legislation!
