Regology – A Centralized Platform for Regulatory Change Management and Compliance

Every business has a set of rules and regulations that it must uphold. To maintain compliance, businesses must adhere to the regulations and laws specific to their industry. The problem is, these regulations are constantly changing, and failure to stay up-to-date can lead to serious financial strains and damage to company reputation. Let’s explore how effective compliance management can ensure the continuity and security of your organization. Compliance management is the continual process of monitoring and assessing organizational systems to ensure they comply with security standards, regulatory policies, and other industry requirements. Maintaining compliance falls on the shoulders of everyone within the organization. Of course their knowledge and understanding should directly correlate with their role, but all employees should be equipped with a strong understanding of how to adhere to compliance standards in order to ensure data security and smooth business processes.

Industry standards and legal regulations are tightening up as the world becomes more dependent on technology. Compliance management is important because non-compliance can result in legal and financial penalties, security breaches, and damage to your business’ reputation. Comprehensive compliance management systems (CMS) ensure that your business remains compliant with the most recent policies and help to avoid business disruption. Let’s take a look at the top reasons why it is imperative to monitor and manage compliance within your organization.

Regology was launched in 2017 with the vision of making regulatory compliance worldwide simpler, more effective, and easily adapted to change. Today, their AI-powered regulatory intelligence platform helps organizations across the globe manage their compliance needs in any industry while staying nimble as regulations continue to change and evolve. Its regulatory intelligence platform is the ideal instrument for you to identify all legal content applicable to your organization, monitor all changes worldwide, and map risks and controls through advanced artificial intelligence. Regology reduces research time, eliminates manual spreadsheet tracking, and decreases the need for third-party legal counsel. By alerting you only to the content that is relevant to your organization, Regology lets you focus your time on what matters most. The company is curious and eager to grow - discovering new ways to solve problems, and exploring new ideas in legal, tech, and applicability in various industries. The company understands that as a general counsel, you’re responsible for overseeing and identifying the legal issues in all departments and their interrelation.

Offering Best-in-Class Compliance Management Services

Regulatory Change Management: With their Regulatory Change Management solution, you will always be confident that you have the latest legal content that applies to your organization — whatever the jurisdiction. Streamline the process of classifying regulations, organizing them, and identifying impending changes without switching between spreadsheets or different systems. Continue to receive relevant regulatory alerts throughout the entire legislative process, never missing a beat. The AI-powered platform will only send you alerts that apply to your organization directly, filtering out the noise and giving you an at-a-glance overview of what’s important. See exactly what’s new in the modified text with their automatic change-tracking feature and quickly identify the requirements that apply in one clean, easy process. Help your team to scale and quickly adapt to any internal and external changes, like entering new markets or expanding into new geographies, with Regology’s legal search capabilities.  Get access to millions of laws across the globe in hundreds of jurisdictions at your fingertips, so that you can search for new regulations with ease and link them to applicable policies and controls requirements.

Compliance Management: Creating a robust corporate compliance management system requires a thorough risk assessment and determining the tolerance for each. If a threat is unlikely to impact the organization and the cost to mitigate the potential danger is high, part of the compliance risk management process may be to accept that risk. With Regology, you have access to the largest unified database of regulations in the world, helping you set up compliance programs that are curated specifically for your business. Affordable, accessible, and enabling quick time to value, Regology makes it simple for you to mitigate risks and prove compliance through reporting.  With the ability to create and manage Risks, you can map other objects such as Authoritative Documents, master data, and users to Risks. Searching Risks is easy with flexible filter criteria. The platform enables Control mapping to other objects such as Authoritative Documents, Risks, master data, and users. Flexible filter criteria allow you to search for Controls that you create and manage. You can map your company’s Policies to Authoritative Documents and other master data such as legal entities, products, Risks, and Controls. Filtered messaging provides you with instant updates on impacted Policies and Procedures from any potential Authoritative Document change. Privacy and data protection laws are changing as frequently as 10+ times a year. With Regology’s global privacy module, you get access to privacy laws in multiple jurisdictions, such as Europe’s GDPR, Brazil’s LGPD, Canada’s CPPA & PIPEDA, India’s PDP, and Australia’s Privacy Act and CDR.

Mukund Goenka, Co-Founder and CEO

"Regology is on a mission to transform regulatory compliance through automation, empowering organizations worldwide to grow and innovate."