Edgile's Automated Regulatory Compliance (ArC is a comprehensive solution designed to streamline and enhance regulatory compliance management for organizations. By delivering over 850 harmonized laws, regulations, and industry standards directly into the ServiceNow Integrated Risk Management (IRM platform, ArC enables businesses to proactively manage compliance requirements and mitigate privacy-related risks. This automated approach ensures that organizations stay current with evolving regulations, reducing the burden on internal compliance teams and fostering a proactive compliance posture.
Key Features and Functionality:
- Comprehensive Regulatory Content: ArC provides access to a vast library of over 850 harmonized laws, regulations, and industry standards, ensuring organizations have the most up-to-date compliance information.
- Automated Updates: The service delivers quarterly updates, automatically integrating new statutes, regulations, and standards into the ServiceNow IRM platform, keeping compliance frameworks current.
- Industry-Specific Content: ArC offers tailored compliance tracking for 20 regulated industry verticals, including healthcare, financial services, and manufacturing, allowing organizations to focus on regulations pertinent to their sector.
- Regulatory Change Management: The solution includes a closed-loop process to identify necessary changes to policies, standards, and controls based on new regulatory content, facilitating efficient compliance management.
Primary Value and Problem Solved:
ArC addresses the challenge of managing the ever-changing landscape of regulatory requirements by automating the tracking and integration of relevant laws and standards. This automation reduces the manual effort required by internal compliance teams, minimizes the risk of non-compliance, and accelerates the implementation of effective risk management practices. By providing a dynamic and up-to-date compliance framework, ArC enables organizations to maintain a proactive stance in regulatory compliance, ensuring business agility and a competitive advantage in their respective industries.