Don't wait for compliance issues to escalate before taking action.
Taking a proactive approach to marketing compliance is crucial to protecting consumers, safeguarding your brand, and avoiding costly enforcement actions.
Here are 10 steps can take toward proactive marketing compliance.
Staying up-to-date on regulatory news and updates ensures that the organization is aware of changes in compliance requirements, emerging trends, and expectations from regulators, thus allowing it to adjust its practices accordingly to remain compliant.
Conduct regular risk assessments to identify and get out ahead of emerging trends posing compliance risks to your business.
Implementing a robust due diligence process safeguards the organization by thoroughly assessing potential vendors, partners, or third parties for compliance risks before entering an agreement, thus preventing compliance issues before they arise.
As regulations, guidelines, and risk areas change, policies and procedures should be regularly updated to address these changes and ensure compliance proactively.
Create and document a plan of action in case of a potential compliance issue so that the team knows what action needs to be taken and that issues can be addressed and resolved quickly. This can be documented in the compliance policies and procedures.
Continuous staff training and education ensures that employees are well-informed about compliance requirements, including regulatory changes and policy and procedure updates, and can prevent violations through informed decision-making.
Automated compliance monitoring technology enhances a proactive approach by continuously searching for identifying potential compliance issues in real time, allowing for quick remediation before they turn into bigger issues.
Automating content compliance reviews and approvals streamlines the process, ensuring content meets compliance standards before publication.
Utilize compliance data to make informed and strategic decisions about products, internal departments, or partners to mitigate the risk of potential future issues.
Benchmark against peers and analyze compliance trends to proactively identify and address compliance gaps by learning from others' experiences. Use resources like the CFPB’s Consumer Complaint Database or PerformLine’s Benchmarking tool.
Don't wait for compliance issues to escalate before taking action.
With automated discovery, review, and ongoing omni-channel monitoring, PerformLine is built to help organizations be proactive and efficient in compliance to protect consumers and their brand.