The Corlytics’ Compliance Life Cycle Management Workflow is a unified compliance management solution that enables firms to manage risk impact assessment of regulatory changes/developments, implementation of regulatory changes, including mapping to policies and controls, and on-going compliance monitoring.
The Corlytics workflow takes advantage of all automated categorisation, decomposition, and summarisation of regulatory content from the Corlytics Regulatory Monitoring and Regulation Library solutions. The workflow enables teams to collaborate efficiently and in parallel, on regulatory changes/developments that may have an impact upon the firm. From a single centralised location, regulatory documents are dispersed automatically across relevant teams within the organisation. It collects stakeholder input in a structured way and generates management information reports informing of the impact of a regulatory event on the organisation.
Automating across the organisation offers efficiencies of 25-40% in terms of reduction of manual effort, and consolidated tracking of stakeholder contributions.
BENEFITS THAT WORKFLOW BRINGS OUR CLIENTS
CORLYTICS REGULATORY RISK PLATFORM