C2P Product Spotlight: July 2024

At Compliance & Risks, we constantly strive to equip compliance teams with advanced tools to stay ahead of emerging regulations and efficiently manage business compliance risks.

1. Emerging Risks & Horizon Scanning

What’s New:

Our latest solution, Insights helps proactively manage emerging regulations, giving your business more time to mitigate potential risks.

Key Functionality:

• Timeline View: This feature offers a clear timeline depicting deadlines for new and unknown regulations, providing your compliance team with an immediate sense of urgency and preparation time.
• Interactive Map View: Discover emerging regulations by key product categories or commercial markets. This interactive feature helps identify new regulations that could significantly impact your business.
• Filter by Approval Probability: Focus on regulations with a high probability of coming into force, ensuring your team prioritizes the most critical compliance tasks.

INSIGHTS OVERVIEW

2. Company Snapshot of Risk & Upcoming Dates

Gain a clear view of overall regulatory risk and key upcoming dates across the company.

Key Functionality:

• Product and Geographic View: Access a comprehensive view of all relevant regulations impacting your company, tagged as high, medium, or low risk. This enables quick summarization and management of regulatory risks.
• Filter Insights: Identify specific areas of concern by filtering insights based on key products, markets, and risk levels.
• Timeline View of Key Dates: Maintain insight into regulatory deadlines with a timeline view, ensuring all compliance deadlines are met. Users can filter these dates based on priority products, markets, and risk categories to focus on critical areas.

COMPANY SNAPSHOT OF RISK & UPCOMING DATES

3. Operational Insights

Optimize compliance operations by tracking how planned work progresses, reducing the risk of missing deadlines.

Key Functionality:

• Team Overview Dashboard: Provides managers with insights into each team member’s workload, including assessments, tasks, and regulatory requirements. This dashboard shows who owns which tasks and highlights any open tasks and overdue requirements.
• Company Tasks View: Allows managers to see all open, closed, and overdue tasks, helping identify areas of risk and providing support where needed.
• Regulation Insights: Offers a comprehensive view of regulatory assessments, highlighting the most burdensome markets, product categories, and regulatory topics. This feature also identifies workflow bottlenecks.
• Requirements Insights: Provides detailed insights into compliance requirements managed across the team, highlighting areas with the most compliance burden and identifying process bottlenecks.
• Evidence Management: Offers an overview of evidence created and managed by the team. It highlights products and team members with significant compliance burdens and provides a status view of evidence records, ensuring outdated documents are updated to maintain compliance.

OPERATIONAL INSIGHTS

4. Swift Regulation Gatherings for your Products with Smart Specs

Quickly identify relevant regulations for each product and understand the business impacts. With our Smart Specs Advisory Program you get to test our prototypes and help refine our Smart Specs Feature.

Key Functionality:

• Automated Regulation Gathering: Eliminates the need for manual effort in collecting regulatory information, streamlining the compliance process.

• Impact Assessment of Regulatory Changes: Clearly indicates the impact of new or changed regulations on products or ESG goals.
• Real-Time Regulatory Updates: Provides up-to-date information on regulatory changes, ensuring teams are informed of the latest requirements.
• Integration with Compliance Processes: Seamlessly integrates with existing compliance processes and systems, enhancing overall efficiency and coordination.

AUTOMATED REGULATION GATHERING

As always if you need support or have feedback you can contact our client success team via Help in C2P or through support@complianceandrisks.com

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