AuditBoard Launches New Regulatory Compliance Solution, Expanding Comprehensive Risk Management
Modern connected risk platform now enables compliance teams to navigate rapidly changing regulations
In today's rapidly evolving regulatory environment, manually tracking changes across multiple sources, from multiple regulatory bodies, while also assessing the impact of these changes on an organization's existing operational environment makes it challenging to quickly and effectively manage compliance risk. Without proactive management, organizations risk mounting penalty fines, erosion of customer trust, stunted growth initiatives, and a threat to business continuity.
AuditBoard's RegComply helps address these challenges, enabling teams to continuously manage evolving regulations by:
- Centralizing visibility into regulations and proactively sending change alerts. Customers can leverage regulatory content powered by CUBE and available from within AuditBoard's platform to view regulations from applicable sources and receive proactive notifications on new regulations and updates.
- Accelerating compliance decisions. With a centralized view of all risks, controls, policies, and issues, customers can quickly assess the impact of new regulations on their GRC environment. They can then weigh the risks of noncompliance with risk-driven insights, and quickly act as needed.
- Strengthening stakeholder engagement. AI-powered workflows for mapping obligations to existing risks, controls, policies, and issues dramatically simplify the effort for stakeholders, allowing for faster input collection.
These capabilities were designed with direct input from AuditBoard design customers to ensure RegComply was delivering value to them and to the customers who participated in our beta program.
"With RegComply's ability to centralize regulation notifications and identification of regulation key requirements, along with the ability to leverage AI-recommended mapping to our existing GRC environment, one can expect to realize anywhere from 20% to 40% time savings with regulatory change management," said
"RegComply first came to life through listening to our customers and understanding the challenges they face in managing regulatory compliance," said
"CUBE's comprehensive regulatory content is industry proven and is able to power AuditBoard's RegComply offering with ongoing regulatory updates and changes," said
To learn more about these new capabilities, visit AuditBoard.com.
About AuditBoard
AuditBoard's mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the sixth year in a row as one of the fastest-growing technology companies in
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View original content:https://www.prnewswire.com/news-releases/auditboard-launches-new-regulatory-compliance-solution-expanding-comprehensive-risk-management-302435309.html
SOURCE AuditBoard, Inc
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