How to select an external compliance partner

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When it comes to choosing a compliance partner, there are a few key factors to consider. It is important to ensure that the partner you choose has the necessary experience and qualifications to meet your needs, as well as the capacity to work with you on a personal level. Additionally, the partner should have the necessary project management capacity and service level agreements (SLAs) in place to ensure that the project is completed on time and to the highest standards.

Relevant Experience

When selecting a compliance partner, it is important to ensure that they have the necessary experience and qualifications to meet your needs. It is important to ask the partner about their experience in the field, as well as any relevant certifications or qualifications that they may have. Additionally, it is important to ask for references from previous clients to ensure that the partner is capable of delivering the results that you are looking for.

Capacity to Work with the Partner on a Personal Level

When selecting a compliance partner, it is important to ensure that they have the capacity to work with you on a personal level. This means that the partner should be able to understand your needs and provide you with the necessary guidance and support throughout the project. Additionally, the partner should be able to communicate with you effectively and be able to respond to any questions or concerns that you may have.

Project Management Experience

When selecting a compliance partner, it is important to ensure that they have the necessary project management experience. This means that the partner should be able to manage the project from start to finish, ensuring that all deadlines are met and that the project is completed to the highest standards. Additionally, the partner should be able to provide you with regular updates on the progress of the project in an easy to understand WIP report, and be able to provide you with any necessary advice or guidance.

SLAs

When selecting a compliance partner, it is important to ensure that they have the necessary service level agreements (SLAs) in place. This means that the partner should be able to provide you with a clear outline of the services that they will provide, as well as any associated costs. Additionally, the partner should be able to provide you with a timeline for the completion of the project and be able to provide you with regular updates on the progress of the project.

Choosing the right compliance partner is an important decision and one that should not be taken lightly. It is important to ensure that the partner you choose has the necessary experience and qualifications to meet your needs, as well as the capacity to work with you on a personal level. Additionally, the partner should have the necessary project management capacity and service level agreements (SLAs) in place to ensure that the project is completed on time and to the highest standards. By taking the time to consider these factors, you can ensure that you select the right compliance partner for your needs.

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