Corrective Action Software & Remediation

Taking decisive actions to monitor, report, and resolve incidents and issues is an essential practice for effective governance. Implementing rapid issue remediation and corrective actions is the most effective way to maintain uninterrupted operations, reduce negative impact, and minimize compliance risk. An effective corrective action system is required for any global organization that must comply with extensive regulation in the areas of manufacturing, finance, trade, and information technology.

TrackWise Corrective Action Software Solutions

TrackWise enables your organization to reduce its risk exposure and contain and prevent potential compliance violations by ensuring a closed-loop system to manage and track remediation of issues and incidents that result from violations of policies and procedures, risk assessments, internal audits, regulatory commitments, customer complaints, whistleblower programs and other sources.

TrackWise's fully-configurable workflow engine ensures corrective actions are assigned to appropriate parties for resolution and enables management to monitor progress through completion. In addition to preventing corrective actions from slipping between the cracks, the system ensures that corrective actions are measured for effectiveness after completion, providing your organization with confidence that the root cause of the issue has been eliminated.

Personalized, interactive dashboards and integrated reports provide executive management with the ability to monitor corrective action status, with quick and easy navigation to potential problem areas. Most importantly, TrackWise provides a mechanism for linking all regulatory, quality and governance processes into a closed-loop system, which includes the management of corrective actions that may cross divisional or departmental boundaries. As a result, the comprehensive process management framework provides the necessary traceability required to manage risk and compliance.

Benefits

• Improve governance and control by relating all aspects of investigations, root cause analysis, and corrective and preventive actions into a single, integrated framework.
• Ensure effectiveness of corrective actions and elimination of root cause through implementation of a closed-loop process management system.
• Increase visibility and transparency with personalized dashboards, integrated reporting tools, and automatic report distribution to management.
• Protect the company brand and increase shareholder value by ensuring corrective actions are implemented quickly and effectively.
• Reduce operational and compliance risk by ensuring timely creation, approval, and implementation of corrective action plans and completion of work.
• Streamline operations and eliminate inefficiencies of paper-based processes.
• Integrate corrective action plans with training management functions, assuring that employees have been re-trained in accordance with requirements.
• Lower costs by consolidating redundant systems and enhancing collaboration, fueling cost-savings, and increasing ROI.