In any organization, procedures, and policies form the backbone of a healthy and productive work environment. However, it’s challenging to ensure that your team reads and understands essential documents. This lack of awareness leads to operational inefficiencies and compliance risks. In 2020 alone, global financial institutions paid over $10 billion in penalties for failing to adhere to regulatory and internal compliance policies. Narad is designed to make process compliance easy for businesses.
of organizations report negative outcomes due to low compliance maturity.
of businesses without continuous compliance report slowdowns in their sales cycle.
Narad tracks every document, providing management with real-time data on who has read and who has not.
Narad sends reminders to employees who haven’t engaged with important documents, ensuring consistent compliance.
Narad automatically generates quizzes and tests based on your documents, to ensure that the documents are not only read, but also understood.
Tests are customized to emphasize the most critical aspects relevant to each role, ensuring focused understanding and retention.
Narad provides detailed reports showing who has read the documents, who has successfully passed the tests, and who may require further training.
Management can use these reports to identify gaps in understanding and take corrective actions, ensuring that every employee is aligned with standard procedures required for the role.
Narad not only addresses common compliance challenges but also actively enhances various aspects of your business, such as operational efficiency, regulatory compliance, and team performance.
Team members are unaware of the correct procedures, leading to errors, delays, and increased costs.
With Narad, team members are well-informed about their role-based standard operating procedures, leading to smoother operations and reduced errors.
Team members are not fully aware of the policies and procedures, leading to confusion, low levels of productivity and inconsistent employee performance.
Team members who are clear about policies and procedures perform their duties more consistently, leading to higher productivity and a more cohesive work environment.
Team members often overlook or misunderstand key company policies, resulting in inconsistent practices
Narad ensures that critical compliance documents are understood, maintaining a well-regulated work environment.
Inconsistent communication and varying interpretations of important documents can lead to confusion and discrepancies across the organization.
Narad ensures that information is uniform throughout the company. All team members read the same documents and pass the same test levels to guarantee a consistent understanding. This uniformity fosters clear communication and ensures that everyone is on the same page.
Management is uncertain about whether team members have read and understood important policy and procedure documents, leaving gaps in oversight.
No more guess work if your team members have read the important documents or not. Narad provides management with real-time data on document engagement, ensuring that critical information is acknowledged by all employees.