The Melton Mowbray Building Society Become the Latest Building Society to Select Hitec’s Policy Lifecycle Management Solution

Slough, UK - 23 May 2013

Hitec Laboratories, a leading provider of Enterprise Content Management (ECM) and Governance, Risk and Compliance (GRC) software solutions to enterprises around the world, are pleased to announce that the Melton Mowbray Building Society have become the latest Building Society to implement Hitec’s Policy Lifecycle Management Solution, PolicyHub.

The Melton Mowbray Building Society joins a growing group of Building Societies that are installing PolicyHub to support their Governance Risk and Compliance needs. Key drivers include having a single repository for Policies, Version control and automating the Policy acceptance process. The Melton Mowbray Building Society wants to manage the processes around critical policies and procedures to ensure compliance and mitigate risk.

PolicyHub also allows greater flexibility regarding the regular distribution of staff surveys and effortlessly collates results.

Les Richardson of Hitec says: “We are delighted that the Melton Mowbray Building Society has selected PolicyHub. We are seeing a rise in Societies deploying our Enterprise Risk Management and Policy Management solutions, which together form an integrated GRC (Governance Risk & Compliance) platform. These solutions have been warmly received as they address high profile areas of Best Practice and Corporate Governance. With growing pressures on Societies to meet the demands of legislation and compliance, we have more and more Societies looking for support in this area.”

Chris Rowley, Operations Director, the Melton Mowbray Building Society comments: ‘’As a Society we need to be confident that staff are up to date with policies and procedures and there is evidence that they have read and understood them. We also need to ensure there are strong controls over Version management. We believe that the installation of PolicyHub will give us increased governance and control, leading to a greater level of assurance to management, the Board, Auditors and Regulators."

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