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The pandemic and its economic disruptions have shown us the world can change in a matter of hours. To keep the public safe, regulatory bodies have scrambled to introduce new measures, often with little notice. According to regulatory compliance experts at Thomson Reuters (TR), the yearly number of regulatory alerts has risen from 8,704 in 2008 to more than 58,000 in 2020. A new regulatory alert is issued every seven minutes and financial institutions must triage more than 220 regulatory alerts every day.
To keep pace, modern enterprises need a proactive approach to regulatory compliance. They need automation that helps them quickly recognize and internalize new regulations, so they can protect and secure the position of their stakeholders.
The most forward-thinking businesses are turning to digital solutions that modernize compliance management. To help business leaders test these waters, IBM has created a 30-day trial edition of IBM OpenPages Regulatory Compliance Management.* The trial period also provides access to the unsurpassed breadth, depth and quality of Thomson Reuters Regulatory Intelligence (TRRI)**, a leading content provider for regulatory insight.
Move your team from what’s happened to what’s coming
Stay in front of fast-changing regulatory demands and manage regulatory change with ease. Explore how IBM OpenPages Regulatory Compliance Management Trial Edition ingests the Thomson Reuters Regulatory Intelligence feed and enhances your horizon scanning capabilities. Regulatory events, including changes to regulations, papers, speeches, press releases and more, are captured by TRRI and ingested into IBM OpenPages Regulatory Compliance Management Trial Edition as a ‘plug and play’ integration. IBM OpenPages Regulatory Compliance Management Trial Edition then routes the right information to the right person at the right time through an automated workflow. The result is a complete end-to-end view of regulatory change management, enabling managers to focus on analysis rather than monitoring. IBM OpenPages runs in any cloud and on-premises environment.
Study identifies significant potential savings in GRC cost and effort
IBM recently commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study that evaluated the financial impact of IBM OpenPages with Watson on organizations. The study noted a three-year 218% ROI. This included $1.7 million in regulatory fine avoidance, $1.7 million in reduced risk management effort, and $1.8 million in avoided legacy solution costs. Access the full study here.
The 30-day trial edition of IBM OpenPages Regulatory Compliance Management is designed to serve as an interactive guided journey. Potential customers can see how IBM OpenPages Regulatory Compliance Management Trial Edition will help them process vast amounts of complex regulatory content and unearth actionable insights buried within the data. There’s no installation required, and no obligation to purchase the full product. See for yourself, in the face of accelerating change, how this trial edition of OpenPages Regulatory Compliance Management can help you tame regulatory change and navigate regulatory environments.
Request access to 30-day trial edition of IBM OpenPages Regulatory Compliance Management here.*
To learn more about IBM OpenPages, visit https://www.ibm.com/cloud/openpages-with-watson.
*IBM is providing this trial edition of IBM OpenPages Regulatory Compliance Management in conjunction with Thomson Reuters providing the regulatory content data feed to qualifying organizations. It is offered to qualifying organizations without any obligation on your organization’s part to purchase any product or service from IBM or Thomson Reuters.
**Thomson Reuters Regulatory Intelligence Data
This Trial Cloud Service provides Client with access to a limited set of Thomson Reuters Regulatory Intelligence data (“TR Content”). By using this Trial Cloud Service, the Thomson Reuters General Terms and Conditions, available at https://static.legalsolutions.thomsonreuters.com/static/ThomsonReuters-General-Terms-Conditions.pdf) will apply to Client’s use of the TR Content.