Since you have kept reading, you're probably better than that.
Template systems provide a cheap, short term solution to compliance, but hardly convey a message that you’re on top of your own performance. Typically, they describe outcomes (not how you do things) and rely on users reading and interpreting complicated documents, which can result in inconsistent methods or uncertainty around "the rules".
Stem systems are based around bite sized actions, developed for you, which are easier to follow, and harder to get wrong. They limit the commitment made to the regulator, and therefore reduce regulatory risk, all the while improving overall compliance performance. We regularly receive feedback from auditors that our clients are more aware of the content of their documented processes, and hence more rarely make mistakes.
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