Thomson Reuters’ Governance, Risk and Compliance (GRC) division has launched the Accelus Compliance Manager, a single platform that it says will allows firms to track, monitor and understand regulatory changes and connect them to their internal compliance procedures and workflows. The platform combines Thomson Reuters’ global regulatory intelligence data with its software platform for GRC.
The Accelus Compliance Manager was created in response to customer feedback and is designed to connect the five key stages of compliance identified by Thomson Reuters GRC – namely: understand, evaluate and map regulatory risk; identify, monitor and track regulatory change; define and communicate controls; monitor, test and audit controls; and evidence risk controls to management and regulators.
"The compliance manager's workflow has reached saturation point. Our customers are hit with thousands of regulatory developments each year and traditional manual approaches are no longer viable," said Andrew Neblett, senior vice president of compliance, audit and risk at Thomson Reuters GRC. "Budget constraints also mean departments are continually being squeezed to do more with less. Accelus will help them support the oversight and operation of their enterprise-wide compliance programmes across the business, and deliver improvements in corporate governance, regulatory compliance and the ability to achieve their business objectives faster."
By Neil Ainger