# Policy Management

## <mark style="color:blue;">Overview</mark>

Policy management is needed for comprehensive compliance management. Policies and their associated procedures form the foundation of a good compliance management practice. &#x20;

A policy is a set of rules for an organization to follow to achieve a certain goal such as compliance.

Correspondingly, procedures are the step-by-step instructions for how, when and where these policies that have been outlined will be achieved.&#x20;

<figure><img src="/files/Ei03ULncnS9x9FVFj5Nn" alt="" width="375"><figcaption></figcaption></figure>

Policy Management involves organizing, controlling, and maintaining documents such as policies, procedures, and contracts. It ensures that an organization adheres to laws, regulations, industry standards&#x20;

It is very important for a company to avoid any confusion and to make sure that these policies and procedures are documented in one place.&#x20;

ComplianceBot provides a comprehensive set of features to help with this documentation to publish, track approve, version and archive these policy and procedure documents. &#x20;

Review the video below for details about the Policy Management feature.

{% embed url="<https://youtu.be/OEVSyZD222g?si=WuYewir5T-5rRsRe>" %}


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