There are a lot of things that must work in conjunction for a business to be successful. While factors like market share, profitability, and goodwill form the centerpiece of this discussion, they are not all what you would need on such a journey. A truly successful business thrives on every front, and something like fulfilling compliance obligations is also an essential part of this recipe. To this date, the way we deal with regulation and compliance sphere has seen a sizeable variation in its nature and form. One component, however, that has showed up in almost every version of our approach is the struggle that we experience while trying to comply with certain regulations that are obscure, and therefore, hard to understand. As you can guess, the presence of such a component has often led to companies resorting to inroads like non-compliance. Regulatory bodies, in response, have tried to find reasonable solutions, and it looks like both the parties are finally ready to meet in the middle. This has been made possible by the inclusion of technology in the conversation. By removing a good chunk of complexities from the process, technology has made compliance atmosphere far neater. Nevertheless, there is so much more that has been roped into play as a result of evolving methodologies. If we have to point out one of the many positive by-products, it will be the introduction of risk management capabilities. Staying true to its penchant of being proactive, technology has created a setup that encourages organizations to gain more meaningful knowledge about how their regulatory health is shaping up. This has been a game-changing breakthrough in every sense, and it looks like another major upgrade is now waiting on the wings.
LogicGate, a pioneer of transformative risk and compliance solutions, is set to induct its latest risk management platform, Risk Cloud Quantify, into the commercial arena soon. The company revealed this news during LogicGate’s annual agility conference, and there are a ton of reasons why you should look out for it. From what is being mentioned in numerous reports, Risk Cloud Quantify makes all the data at your disposal much more valuable by turning it into comprehensive monetary figures. A direct chain-reaction here is better understanding of where your organization really stands, and what can be done to mitigate the predicted risks.
