Digital Policy Management

Empowering policy teams daily.

Digital Policy Management on Connected Risk® enables you to achieve operational results fast. The solution provides a comprehensive breadth of agile, integrated, and smart policy management functionality.

Policies are critical to your business as they establish the boundaries of conduct for your employees, business processes, stakeholders, and suppliers. A well-defined policy management program is central to your organisation’s ability to act with integrity.  

Many teams lack a coordinated enterprise-wide approach to policy lifecycle management

An ad hoc approach to policy development, maintenance, communication, attestation, and training exposes the organisation. This is especially so as nowadays every person involved with the business, including employees and third parties has a role to play. 

Your organisation must be able to demonstrate what policy was in effect, when and how it was communicated, who read it, was trained, and who attested to it. Equally important is a history of what exceptions were granted, and how violations and resolutions were managed. 

Unique to Connected Risk™'s digital policy management solution is policy conversion and enhanced tagging capabilities leveraging AI technology.

This industry leading solution leverages over a decade of innovation and tuning of Machine Learning (ML) and Natural Language Processing (NLP) algorithms to recognise, deconstruct and convert policy and regulatory content to a machine-readable format.

Step One
Algorithms analyze policy content
Once in a machine-readable format, the algorithms analyse the policy content, automatically tagging and linking the content to key thematic concepts and regulatory source data.
Step Two
Enhanced document is automatically imported

The resulting enhanced document is automatically imported into the Connected Risk Policy Management Library for publishing and future authoring.  

Step Three
Automated migration
This automated conversion and enhancement of Policy content overcomes one of the most substantial time-consuming hurdles you will face migrating from (desktop) authored policies in .DOC/.PDF formats to its desired future state policy format.

Empower your policy management practices with features available right out of the box that are designed to digitally progress your team's compliance

Library

Library

 

The policy library is the core of your Policy Management system. Policy content can even be managed at granular section level with the ability to link common policy sections across multiple policies, reducing authoring overhead and improving consistency. Policies can also be linked to multiple dimensions included lines of business, functions, legal entities. Importantly, polices can be linked and cross referenced to regulatory obligations, risks and controls and any other data and technologies as required.

Authoring

Authoring

 

Connected Risk® policy authoring supports simultaneous authoring of policy content by multiple authors. Each policy can be managed as a hierarchy of individual policy sections and each section can be individually owned and mapped to policy taxonomies. Policy sections can also be shared across policies enabling authoring of common sections to be managed once and shared across many.

Publishing

Publishing

 

After the completion of the policy authoring and approval process, the completed policy is prepared for publishing. The solution will combine the active policy sections into your preferred template format for final review and publishing. Policy managers are also able to determine activation and publication dates for the new policy. On the publication date, the policy will be made available within your Policy Portal and simultaneously published as the new or active version. 

Review

Review

 

Connected Risk® supports regularly schedule and ad-hoc policy review workflows. This allows policy managers to schedule regularly recurring policy review cycles in which policies can be evaluated for currency with both internal and external obligations and updated as required.

Breaches

Breaches

 

Connected Risk® policy manager enables policy breaches to be consolidated from multiple integrated sources across the organisation. Breaches can be linked to related policies and tracked by line of business or legal entity and effected obligations, to help identify areas where controls and policies may need to be enhanced to improve compliance.

Integrated Reporting

Integrated Reporting

Sophisticated real-time reporting demonstrates what policy was in effect, when and how it was communicated, who read it, was trained and who attested to it. It provides a clear history of what exceptions were granted, and how violations and resolutions were managed, enabling you to advance with confidence. 

Connected Risk provides sophisticated integrated reporting which provides a comprehensive and advanced business intelligence reporting capability that allows your teams to build and embed visually appealing and interactive reports directly on their Connected Risk dashboards. 

Connected Risk® provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing

Connected Risk® utilizes enhanced drag-and-drop and powerful data mapping capabilities for creating additional taxonomies and linkages into neighbouring risk areas.

The Policy Management module is highly configurable and can help your teams.

Tailor-made, just for your organization

Tailor the solution to meet your organization’s growing policy management needs.

Evolve with regulatory change

Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s model inventory management.

Provide evidence with integrated reporting

Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.

Expand with our RESTful API

The Connected Risk™ platform provides RESTful web service endpoints that allow bi-directional integration of your data.

Competitively priced to help your organization manage your risk and compliance needs.

Whether you’re an individual, a small team, or a growing enterprise, we have a pricing plan for our suite of GRC applications that aligns perfectly with your goals.

Foundational

For individual contributors and smaller GRC teams.
$ 2500 per month
  • 1-5 Users
  • Fully Featured
  • Cloud-Based Hosting Included
  • Guided Setup¹
  • Training & Documentation Included

Growth

For GRC teams that are growing and maturing their practices.
$ 4000 per month
  • 6-10 Users
  • Fully Featured
  • Cloud-Based Hosting Included
  • Guided Setup¹
  • Training & Documentation Included
Popular

Expand

For mature GRC teams that need more users.
$ 5500 per month
  • 10-15 Users
  • Fully Featured
  • Cloud-Based Hosting Included
  • Guided Setup¹
  • Training & Documentation Included

All pricing excludes EmpoweredNEXT/Build Your Own GRC Tool implementations or designs. No configuration option is available for Advance packages. If you’re looking for more advance workflow configurations, learn more about our enterprise pricing by filling out the form below.

Advance with confidence using Connected Risk™

Connected Risk™ is the holistic approach to integrated governance, risk, and compliance management. Uncover limitless possibilities with our expandable no code solution that provides unparalleled customisation built upon a mature GRC framework.

No Code

Deliver customizable solutions designed to your team’s specifications, every time.

User Centric

Enable personalized user permissions and views designed for your team.

Speed

Experience 8 week sprint deliveries on our out-of-the-box solutions.

Integrate

Create a single source of truth with integrated data–internal and external.

Manage your policies digitally.

Talk to a policy expert.

Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today. 

Learn more about our Connected Risk® Digital Policy Management solution and how it can manage the entire GRC lifecycle within your business.

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Expand and integrate your solution with

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Audit Management

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Operational Risk Management

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Model Risk Management

Help senior managers understand modeling being used and be able to explain it with ease.

Expand with the Ecosystem

Expand your Connected Risk™ solution with our EmpoweredNEXT® partner applications.

"Powerful Platform For Compliance With Dynamic Regulatory Environment"

“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”

Senior Associate, Finance Organization with an annual return of $1-3BN

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