Most companies are perpetuating an “outside-in” approach to applying regulation to their policies. They are manually identifying how regulation affects every policy and procedure. This approach has numerous weaknesses:
Processes are manual and time consuming
Manual comparison of regulations with policies requires ever increasing numbers of compliance staff
Human error is unavoidable and exposes the organisation to risk
The same process is repeated for every new regulation
1WordFlow Comply enables organisations to automatically identify how every new regulation impacts their policies and procedures – in a fraction of the time of manual comparison.