Risk Cloud’s Regulatory Compliance Application helps you comply with constantly changing requirements and avoid penalties by centralizing regulatory obligations, automating assessment workflows, and tracking corrective action status.
How It Works
Stay ahead of compliance gaps by automatically assigning risk and impact assessments on a pre-defined cadence. Streamline inherent and residual risk ratings with Risk Cloud’s prebuilt scoring methodology or customize it to your organization’s risk tolerance. Increase process adoption and save teams time by integrating workflows with tools in your existing tech stack like Jira, Slack, and Microsoft 365.
Keep pace with regulatory changes by logging new obligations, tracking versioning, and assessing inherent impact in a single platform. Ensure change management best practices are consistently followed across teams with pre-built workflows and easy-to-complete forms that enable stakeholders to quickly assess regulatory change impact and update obligation requirements as needed. Then go one step further and integrate Risk Cloud with your preferred regulatory content provider to further simplify regulatory change management at your organization.
Quickly gauge your organization’s level of regulatory compliance by generating a report of non-compliance risks and corrective action progress in a single click. Continue to improve and grow your program with access to key performance metrics like percent of compliant obligations, obligation residual impact, and time to complete corrective actions month-over-month.
Why You Need It
Centralize and streamline regulatory obligations, risk and impact assessments, and corrective action plans. Then advance your program over time with out-of-the-box workflows aligned to your program’s maturity levels. Unlock everything you need in a single platform to:
- Automate compliance assessments
- Streamline regulatory change management
- Prioritize corrective action plans to close compliance gaps