Industrial Products
Compliance Solutions for the Industrial Products Industry
Benefit from an integrated, data-driven approach to managing corporate compliance, ethics, and third-party risk – trusted by leading industrial products firms.
Trusted by the world’s leading industrial products companies
Why leading industrial products firms rely on GAN Integrity
GAN Integrity is how compliance teams at industrial products firms get the tools and expertise to stay ahead of risk. With less effort and more reach, you finally get a better way to do your good work.
See everything – Gain a comprehensive view of overall risk and compliance in one centralized platform for more effective program management.
Adapt to anything – Leverage dynamic workflows and integrations to stay ahead of regulatory changes and evolving program requirements, all without heavy lifting or expense.
Get all the help you need – Receive dedicated support from GAN Integrity’s team of experts.
Compliance challenges for the industrial products industry
As a compliance professional in the industrial products industry, it can feel like you're fighting an unfair fight. You deal with a complex web of regulations from agencies like OSHA and the EPA, as well as laws like the EU General Data Protection Regulation (GDPR). Key areas of focus include product safety, sustainability, and cybersecurity.
You also need to ensure your organization builds a strong ethical culture and acts with integrity in all interactions with regulators, stakeholders, and customers. This means implementing effective compliance policies and training programs, managing conflicts of interest and gifts, making sure third parties have the right controls in place to meet your ethical standards, and continuously monitoring any changes in their risk profiles.
Key areas of compliance in industrial products
Industrial products companies are complex enterprises. There are many areas of compliance, ethics, and risk that need to be managed, spanning everything from Environmental, Social and Governance (ESG), to Anti-Bribery And Corruption (ABAC). These include:
- ABAC Compliance: Upholding anti-bribery and anti-corruption (ABAC) laws such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
- Environmental Compliance: Adhering to regulations aimed at minimizing the ecological footprint of manufacturing activities, including waste management and emissions standards.
- Health and Safety Regulations: Ensuring compliance with occupational health and safety standards set by agencies like OSHA.
- Data Protection: Safeguarding sensitive information and ensuring compliance with data privacy regulations, including GDPR.
- Product Safety: Ensuring all products meet safety standards and are safe for consumer use.
- Supply Chain Due Diligence: Ensuring suppliers and partners comply with relevant laws and standards.
- Export Controls: Complying with international trade laws.
- Financial Reporting: Maintaining accuracy and transparency in financial dealings in compliance with regulations such as SOX.
- Conflict of Interest Management: Ensuring potential conflicts are disclosed and managed to uphold ethical standards.
- Training: Educating employees about compliance requirements and ethical conduct.
Steps to achieving compliance in the industrial products industry
Achieving compliance in any organization involves a series of strategic steps:
Compliance in the Industrial Products Industry
Risk Assessment
Identify potential compliance risks specific to your industrial products operations.
Objective Setting
Define clear compliance goals that align with your operational objectives.
Documentation
Maintain thorough records of compliance efforts and decisions.
Training
Educate employees about compliance requirements tailored to the industrial products industry.
Monitoring and Auditing
Regularly review compliance status and adjust practices as needed.
Reporting System
Establish clear channels for reporting issues and disclosures.
Issue Response
Quickly address non-compliance issues to prevent disruptions.
Continuous Improvement
Regularly update compliance practices to stay ahead of regulatory changes.
GAN Integrity for Industrial Products Companies
GAN Integrity helps industrial products companies navigate these challenges with a unified, easy-to-use compliance platform that organizes requirements, automates tasks, and provides powerful reporting, making it easier for you to do your good work. With GAN Integrity, compliance teams can see everything, adapt to anything, and get all the help they need.
ABAC Program Management
Ensure your organization upholds ethical integrity and ABAC compliance through comprehensive risk assessments, effective policy management, and continuous monitoring. Capabilities include:
- Third-party due diligence: Mitigate bribery and corruption risks with integrated questionnaires, sanctions checks, and risk intelligence data.
- Disclosure management: Consolidate and assess conflicts of interest, gifts, travel, entertainment, and political and charitable contribution disclosures.
- Reporting and documentation: Maintain a complete audit trail and detailed reporting to easily demonstrate compliance to stakeholders and regulators.
Third-Party Risk Management
Manage risks associated with third parties and assess these against relevant laws and organizational standards. Capabilities include:
- Lifecycle management: Automated workflows for onboarding, risk assessment, issue management, monitoring and off-boarding.
- Integrated due diligence: Initial and ongoing screening of third parties for sanctions, adverse media, forced labor, ESG and more.
- Reporting and analytics: Executive dashboards and reports: Consolidate third party data to identify risks and potential exposure to your organization.
Supply Chain Due Diligence
Enhance supply chain risk management by consolidating processes, identifying and mitigating risks, and integrating data from various risk intelligence and business systems. Capabilities include:
- Automated risk assessments and continuous monitoring: Monitor suppliers continuously for adverse media, sanctions lists, PEP lists, forced labor, and ESG (Environmental, Social, and Governance) issues.
- High-risk supplier identification and amnagement: Identify high-risk suppliers, manage them effectively, and track actions and mitigations to ensure compliance.
- Integrated due diligence assessments: Perform thorough due diligence across your business operations and workflows for seamless integration and enhanced efficiency.
Disclosure Management
Consolidate your disclosures for conflicts of interest, gifts, travel, entertainment, and political and charitable donations or contributions. Capabilities include:
- Policy management: Develop and enforce comprehensive disclosure policies. Educate and engage your workforce with targeted training and policy attestations.
- Flexible disclosure process: Simplify the submission of potential conflicts of interest with user-friendly forms, ensuring easy access for employees.
- Automated approvals and reviews: Enhance compliance with automated approval and review workflows. Quickly escalate notifications to relevant stakeholders to address potential risks.
Reporting and Documentation
See everything across your compliance program, and generate reports and dashboards to demonstrate compliance program effectiveness to stakeholders and evidence to regulators. Capabilities include:
- Reporting and analytics: Executive, role-based dashboards to review the effectiveness of your compliance program initiatives.
- Evidence-based compliance: Maintain an auditable trail of all activity with the platform’s integrated and automated audit log.
- Compliance insights: See risk trends and patterns within your program, including third-party and supply chain risk, policies and disclosures.
The GAN Integrity Platform means all your compliance and ethics programs can be managed in one place - now that's better.
What our Customers Say
It’s necessary to have one compliance platform. It’s important to have everything in the same place
Emmanuelle Trillion
Group Legal Manager, Head of Insurance & Compliance Officer, Altrad