Be Informed launches revolutionary technology for regulatory compliance

Be Informed, a leading RegTech and compliance software provider is excited to announce the launch of its newest innovation, the Be Informed Workbench. Designed to transform the complex world of regulatory compliance, this powerful tool streamlines and enhances how business owners, policymakers, and legal analysts manage and interpret regulations.

Addressing regulatory compliance challenges

Legal professionals deal with many challenges when it comes to compliance. One big issue is that regulatory information is often all over the place. Laws, rules, and company policies are scattered across different documents, formats, and languages, making it challenging to keep policies in sync with regulatory requirements. Tracking how regulations have been understood, translated into policies, and used is crucial to demonstrate compliance. Another problem is that regulations change continuously. Knowing how rules have been understood and changed over time is crucial. But without a clear record of the history, it’s difficult to tell if rules are still applied correctly. This lack of clarity makes it even more challenging for legal professionals to ensure that regulations are continuously fair and effective.

How the Be Informed Workbench solves these challenges

The Be Informed Workbench offers a centralized platform for regulatory compliance management. Users can easily import, annotate, interpret, and review regulatory sources, transforming them into machine-readable formats. These machine-readable formats form the backbone for any compliant software application, establishing a direct connection between the application and the regulatory sources. Seamless traceability reduces the risk of misinterpretation and ensures compliance efforts always align with the latest regulations.

The Workbench offers collaboration and sharing capabilities, facilitating teams to work together efficiently, fostering consistency, and enhancing compliance practices. The tool’s intuitive interface and collaborative tools promote quick adoption and agile responses to regulatory changes, making impact assessments and implementing necessary updates easier.

Key features of the Be Informed Workbench

• • Manage Sources: Efficiently organize and manage diverse regulatory sources, streamlining access and updates for compliance initiatives.
  • Capture Interpretation: Advanced capabilities for capturing, interpreting, and translating regulatory requirements into actionable insights for compliance operations.
  • Curation: Subject matter experts can curate the interpreted regulatory content using a documentation portal.
  • Governance & Management: Centralized oversight and control for regulatory compliance processes, ensuring alignment with organizational policies and standards.
  • Workbench as a Service: Flexible and scalable delivery model, providing on-demand access to the Workbench platform for seamless compliance management.
  • Sharing and Reusing: Collaboration capabilities for sharing compliance knowledge and best practices, fostering team efficiency and consistency.

For more information, visit www.beinformed.com/regtech-platform/interpret-regulations