Compliance Managementin Business Processes

Saralaya, Vishwas and Saralaya, Sridevi and D’Souza, Rio (2019) Compliance Managementin Business Processes. In: Digital Business Business Algorithms, Cloud Computing and Data Engineering. Springer, Berlin, Germany, pp. 53-91.

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Abstract

Business Process Compliance refers to the act of conformance of a busi-ness process with policies, regulations and rules that govern the organization. Animperative requirement of business processes in various fields such as Health care,Insurance, Finance and Online Trade is adherence to a large number of compliancerequirements, constraints and quality policies from various sources. Lack of com-pliance may result in huge compensations and loss of customers and reputation.Compliance issues can be handled either retrospectively i.e. after non-complaintsituations are observed or they can be handled proactively i.e. anticipation of possi-bilities leading to non-compliant circumstances during process execution which mayprevent occurrence of deviations and thus save upon compensation effects. Hencecompliance management tasks need to be incorporated into each phase of the life-cycle of a business process. In this article we discuss contemporary activities relatedto lifecycle of compliance management in business processes which involve compli-ance elicitation, compliance formalization, compliance implementation, complianceverification and compliance improvement based on existing literature. ComplianceMonitoring Functionalities (CMFs) which may be used to categorize and also assessexisting compliance management approaches and frameworks are also discussed

Item Type: Book Section
Uncontrolled Keywords: loud Computing Data Engineering Information of Everything & Platforms Algorithmic Business Mesh App and Service Architecture Advanced System Architecture
Subjects: Medicine > KMC Mangalore > Microbiology
Depositing User: KMCMLR User
Date Deposited: 01 Aug 2019 12:05
Last Modified: 01 Aug 2019 12:05
URI: http://eprints.manipal.edu/id/eprint/154296

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