Impact of Information Management on the Organization

In: Computers and Technology

Submitted By rdrenzek
Words 707
Pages 3
Impact of Information Management on the Organization
Utilizing Information Management for Compliance
Compliance is a word that is disappearing, not because businesses aren’t being compliant but because it’s seen over and over. Media assumes collection efforts are rarely compliant. When a term is this popular, it’s easy to look right over it. The real issue is, it’ important to your company to be compliant. If you have a collection department collecting your own accounts you must be compliant and cost efficient while doing it. Today’s technology offers countless collection software programs to keep you compliant as well as educate and train your staff. The impact of these technologies has helped businesses like mine feel more comfortable working within the laws set by the state and federal government. It’s up to your upper management to implement strategic planning to make sure these tools are used properly and maintain a compliant practice.
Software Can Help You Stay Compliant
Staying current with today’s technology and software available is important while keeping your business practices compliant. The next day you can be affected by a law change. One thing that’s available for my staff is attending webinars once a month that keep us current on any law changes as well as strategies to work around these changes. Your staff must be clear on the definition of the laws or regulations. These cost effective, virtual seminars are very efficient in getting the message across. If you don’t understand the law, chances are you will violate them. Wisconsin is very consumer friendly and has laws in place to benefit customers over your business. Being clear on the meaning of each compliance issue allows you to better measure and examine your strategies for collections. We use several automatic dialers that are programmed to keep you safe from violating these laws. For…...

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