AuditBoard, the leading global platform for connected risk, transforming audit, risk, and compliance, is unveiling RegComply, a modern connected risk platform designed to help organizations stay ahead of rapidly evolving regulations and complex compliance management. Featuring capabilities and expertise from AuditBoard and the CUBE RegPlatform, RegComply ensures that enterprises are well-equipped to handle today’s ever-changing regulatory environment.
Being able to quickly and comprehensively mitigate and manage risk is an increasingly competitive sphere for today’s organizations. Due to the rapidly changing nature of cyberthreats and regulatory requirements, proactive management is the key to avoiding fines, a degradation of customer trust, stunted growth initiatives, and threats to business continuity, according to AuditBoard.
RegComply offers a centralized view into regulations—powered by data from CUBE, a leading global regulatory intelligence solution provider—paired with proactive alerts when things change. By unifying risks, controls, policies, and issues into a single place, customers benefit from the ability to quickly analyze the impact of new regulations, taking appropriate action based on risk-driven insights.
"RegComply first came to life through listening to our customers and understanding the challenges they face in managing regulatory compliance," said Happy Wang, chief technology officer at AuditBoard. "We then partnered with them to create an easy-to-use AI-powered solution for compliance, built atop our connected risk platform to seamlessly integrate with their broader risk programs."
"CUBE's comprehensive regulatory content is industry proven and is able to power AuditBoard's RegComply offering with ongoing regulatory updates and changes," said Ben Richmond, CEO and founder of CUBE. "Our partnership will enable AuditBoard's regulatory change management customers to identify relevant regulatory requirements they need to prioritize and action and manage ongoing updates."
Additionally, RegComply ensures strengthened engagement with stakeholders, offering AI-powered workflows for mapping obligations to existing risks, controls, policies, and issues.
"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% timesavings with regulatory change management," said David Harrison, chief audit executive at Origin Bank.
To learn more about RegComply, please visit https://auditboard.com/.