A global leader in technology and social media, this multinational conglomerate operates across different markets and is subject to a vast array of regulatory requirements across the globe. With extensive operations and significant regulatory exposure, the company requires a comprehensive approach to managing compliance effectively within their existing Governance, Risk, and Compliance (GRC) framework.
As a company with worldwide reach, the challenge was to maintain regulatory compliance in both local and foreign jurisdictions, while integrating this process with their existing ServiceNow GRC system. The client required a holistic solution that would provide timely regulatory updates, automate policy management, and ensure seamless integration, including identifying the correct citation levels to bring into ServiceNow.
The company turned to Regology to address these challenges, implementing a solution that transformed their approach to regulatory compliance. Working together with multiple stakeholders, evolving work scope, and limited time for delivery, Regology provided the customer with:
- Seamless GRC Integration: Regology’s platform was seamlessly integrated with the company’s existing ServiceNow system, enhancing their overall compliance capabilities. This integration allowed all regulatory data to be synchronized and managed within a single platform, eliminating the need for disparate systems and ensuring consistency across the board. By centralizing compliance management within their existing GRC environment, the company is able to streamline their processes and improve operational efficiency.
- Real-Time Updates and Alerts: One of the standout features of Regology’s solution is its ability to provide real-time updates and alerts about regulatory changes directly within the GRC environment. This ensured that the compliance team is always informed about new regulations as they emerge, allowing for immediate action when necessary. The real-time nature of these updates meant that the company could maintain a proactive stance on compliance, reducing the risk of falling behind on critical regulatory changes.
- Automated Policy Management: Regology automated the management of policies, risks, and controls, linking them directly to relevant regulatory requirements. This automation not only streamlined compliance management but also ensured that all aspects of the company’s regulatory obligations were covered comprehensively. By automating these processes, the company significantly reduced the time and effort required for manual compliance tasks, freeing up resources for more strategic initiatives.
- Comprehensive Reporting and Audit Readiness: The platform also enabled comprehensive reporting and audit readiness by consolidating all compliance data within a single, integrated system. This enhanced transparency across the organization and made it easier to prepare for regulatory audits. With all relevant data accessible in one place, the company could quickly generate reports and demonstrate compliance to regulators, reducing the risk of penalties and improving overall governance.
The implementation of Regology’s platform resulted in a cohesive and integrated approach to regulatory compliance for the tech giant. The seamless integration with their existing ServiceNow GRC system improved efficiency in managing compliance data and enhanced their ability to stay informed about regulatory changes. Moreover, the automated policy management and comprehensive reporting capabilities strengthened their audit readiness, ensuring that the company remains compliant in a rapidly changing regulatory landscape.
