POLICY MANAGEMENT FOR CONNECTED RISK®
Policy management 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 organisations 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.
Empower your policy management practices with features available right out of the box
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.
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.
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.
Unique to Connected Risk®'s 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.
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® utilises 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 organisation
Tailor the solution to meet your organisation’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.
Start a free trial of Connected Risk®'s policy management module and see how your organisation can advance with confidence
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Learn more about Policy Management from Our Blog
How Digital Policy Management Streamlines Risk Management for Heavily Regulated Industries
For heavily regulated industries, implementing a digital policy management program can be a game-changer. It can save time and money, keep compliance on the forefront,
Digital Policy Management: What Is It and Why Do I Need It?
Digital policy management has become increasingly important for large enterprises due to the ever-evolving nature of technology and the fast-paced digital world we live in.
Tracking and Creating Policy Around Scope 3 Emissions
As the world turns its focus to reducing carbon emissions, organizations have an obligation to track and report their Scope 3 emissions. Scope 3 emissions
A Comprehensive Overview of Policy Management Software Costs
Implementing policy management software is a great way to ensure that large-scale enterprises are compliant with their policies. With the right software, organizations can streamline
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"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 Organisation with an annual return of $1-3BN USD
