Certrec, a leading provider for NERC regulatory compliance and advanced on-line solutions proudly announced the release of its newest compliance tools, RegSource GRC and Recall GRC.
RegSource GRC provides daily email notifications that include a host of critical industry knowledge, ranging from "Smart Notices" of current industry information and news to meetings, webinars, and training reports from FERC, NERC, and the regions.
The new solution works in tandem with another recently developed tool, Recall GRC, which is an electronic documents library that holds NERC, regional, and industry documents from over 100 industry sites in one location. Each Smart Notice is linked to corresponding industry documents within Recall GRC. Together, they offer NERC compliance personnel both critical information and suggestions for appropriate response actions.
"Many of our clients start their day by reviewing our RegSource GRC emails," explained Michelle Thomas, Certrec's Executive Director of Operations.
"In doing so, they are able to stay abreast of important industry information and even redistribute those hours previously needed for research to more productive functions. The regulation and enforcement practices in this industry are constantly changing, and RegSource GRC empowers subscribers to have a compliance readiness posture that is proactive, instead of reactive."
North American Electric Reliability Corporation (NERC) regularly levies sanctions to ensure mitigation of reliability violations. In 2019, NERC imposed a jaw-dropping $10 million fine to a single power plant for 127 separate violations, which were mostly CIP related.
RegSource GRC and Recall GRC help clients avoid such fines by providing insight into the most recent information that is essential for registered entities to take heed to, such as NERC issued directives that promptly address and deter new or future violations.
"There are so many parts to regulatory compliance that it is hard to have all the expert knowledge that your staff needs to be successful," notes Ted Enos, Certrec President/CEO.
"Each day, our SMEs review vital industry news and write Smart Notice alerts for RegSource GRC with the high-level actionable information on mandates and procedures. The alerts are then linked to the related documents that are found in our Recall GRC tool, and this ensures that our clients have access to the resources they need to continue supplying power to the grid."
