The post-pandemic world is more connected through technology both socially and professionally. Some companies have made the option to work remotely permanent to retain and recruit the best talent worldwide. Among the more prominent examples are Airbnb and Twitter, since both organizations have announced their commitment to a flexible work policy. 

The digital office is always on, but the human connections will have to be replaced by tools to avoid the loss of institutional knowledge. There is no colleague down the hall to tap for quick advice and there is no water cooler to catch up at. The danger of losing institutional knowledge is especially true for complex functions like regulatory compliance management.

A virtual office is coming soon to your screen!

Since the move to the virtual workspace does not come without friction, companies are motivated to take virtual collaboration a step further and move beyond Zoom calls.

Such companies aim to combine physical and virtual experiences in the workspace, creating a sort of metaverse. For example, Atlanta-based virtual technology company Teamflow is launching a metaverse platform that is designed to enhance the quality of interactions in virtual spaces, by facilitating more natural and flexible collaborations and creating a casual environment.

The platform is meant to compensate for the biggest drawback of a virtual workspace: the disconnect between co-workers and the lack of the natural information exchange that happens as if by osmosis in a real office.

Compliance management systems thrive on smooth information flow  

The knowledge body for regulatory compliance management is highly nuanced with information relevancy depending on jurisdictions and applicability criteria.

To complicate matters further, regulatory reference materials are frequently updated and come from a number of disparate sources, so the updates are not synchronized. In the past, a compliance team would rely on a filing system and their institutional expertise to stay up to date and keep the organization compliant with regulations. In the new reality, automation of compliance management is the answer to ensure the team is on the same page in terms of recent updates to the knowledge base and related regulatory requirements.

Citation Manage™ supports a virtual office environment

Citation Manage™ is built around the concept of interconnected virtual teamwork. Our goal is to enable small and medium-sized enterprises to take full advantage of the post-pandemic distributed workplace. The ability to attract location-independent talent is a huge competitive advantage in a tight job market!

Citation Manage™ is optimized for a virtual work environment, as we expect the users to collaborate across the entire enterprise. We understand the importance of connecting with the business owners or experts outside of the compliance function to meet the regulatory requirements reflected and supported by the system.

Regardless of the size of your distributed team, Citation Manage™ will bring efficiencies and ensure you are fully aware of the regulations that are applicable to you along with the associated actions needed to consistently remain in compliance. We also provide a connection to the source documents to enable a fully informed compliance risk management for your business. 

Find out today how our compliance management system can work in your virtual regulatory compliance office.