Compliance checklist: Are we really managing our regulatory change?

If you’re dealing with regulatory change management, it can be hard to keep track of all your obligations.

You’ve probably been using some sort of manual or semi-automated solution that’s not providing a complete view of your company’s risks, and you may have found that it’s difficult to integrate into other systems that are in place at your company.

When thinking about the need to adopt a regulatory change management solution, there are a number of critical analysis tasks that you should undertake.

Take the time to define what problems you want to solve and what your desired outcomes should be, what level of automation is available from existing solutions, and most importantly what will your target operating model be?

Corlytics have created a checklist to help you assess your regulatory compliance management processes.

What is the problem you wish to address?

I cannot find a way to have a single view of all upcoming, pertinent regulation.

I currently cut and paste/spreadsheets etc. manually and there’s the risk that I’ll miss something.

Using some automation but it isn’t providing enough benefit as it only a partial solution

Our current solution isn’t user friendly, so we don’t really utilise it

Currently using a system with some automation but it doesn’t integrate with GRC or other systems in place.

I need to be able to find relevant information quickly

I need to be able to action regulatory updates in a workflow

I need to standardise my regulatory change process

I need to be able to handle ever increasing regulatory changes with the same team

I need to save time for my current staff to focus on remaining compliant rather than collecting data.

Which specific processes would you like to be handled more efficiently by a newer, more fit for purpose solution?

Data collection

Data collation

Triage among compliance team

Workflow automation

Translation of regulations

All of the above

Print this checklist and assess your firm’s compliance

Contact Us