COMPLIANCE MANAGEMENT

FUNCTIONALITIES

Legislative compliance requires a good understanding of all legislation that applies to the enterprise. The increase in regulatory reporting demands for more compliance control in general. Compliance breaches may result in fines and claims and consequently impacts the bottom-line. Moreover, the reputation can become vulnerable. In CERRIX, compliance risks, controls and legislation is integrated.

• Legislation linkage: With real-time access to a legislation database, CERRIX can translate laws to the applicable risk universe in the organization. This unique way of real-time linking gives business users a quick overview of legislation that applies to products and specific business processes.
• Compliance Controls: The legislation can be translated into specific controls that should be in place in order to mitigate the compliance risk.
• Multiple compliance: Business processes and products can be exposed to multiple legislation, in CERRIX.
• Separate View: Although Compliance is fully integrated with the ERM module, CERRIX makes it possible to view Compliance risks, controls and actions separately which makes it an easy tool for compliance officers.