Whether you’re a big-box brick and click store, e-commerce only or a small storefront, rapidly changing laws and regulations governing retail compliance practices can impact your net profits. Empower your employees, build your culture, and mitigate shifting industry and consumer risks with the right-sized compliance management platform.
Compliance shouldn’t be an impulse buy
Your compliance and risk management program should be as agile as your employees’ and consumers’ behavior can be.
Organizations in the retail industry face unique challenges when it comes to ethics and compliance adherence. You may often have workforces, capital and suppliers that are spread widely across the globe – always putting pressure on compliance frameworks.
In an industry where employee turnover is high and supply chains are volatile, you need a compliance program that not only protects when risks arise but anticipates and prevents them.
Additionally, the time constraints around potential seasonal workforce or merchandising shifts requires a solution that can get your employees necessary training and policies in real time. Onboard your workforce and suppliers quickly to reinforce corporate values, regulatory requirements and cross-departmental communication within a single platform.
Find the right-sized solution for your unique retailing needs
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Markdown risks and markup holistic organizational compliance
With so many unique and unpredictable challenges within the retail industry, compliance must be viewed holistically and cross-functionally. Embrace a strategic approach to regulatory agility, seasonal and shifting workforce trends, and supply chain resiliency.
Robust policy and procedure management systems to ensure expedited regulatory compliance standards and business practices are efficiently written, reviewed, distributed and easily attested to across every employee.
Bring your code of conduct to life and provide your ethical compass to a workforce that thrives on a purpose-driven mission, embedding critical policies, behavioral expectations, and reporting pathways.
Whether it’s third-party, operational, IT or privacy risk, free up time and resources by automating labor-intensive data collection and daily management activities to scale and support your business as it grows.
Screening third parties as you onboard, as well as continuous risk monitoring of your supply chain, is essential to maintain ethical sourcing and delivery of goods for a consumer who puts environmental, social, and governance first.