Compliance & risk analysis
Manage and mitigate your obligations and risks, before something goes wrong.
Regulatory compliance is the necessarily high cost of doing business. Getting it wrong can lead to substantial fines, penalties, even jail time for executives. ABBYY helps you get it right!
Navigate the dangerous waters of Compliance with confidence
Compliance demands across the world keep growing, and outdated guides and antiquated tools just won’t cut it any longer; ABBYY Text Analytics for Contracts gives you the power you need to get through rough seas.
- Compare clauses at the character, word or sentence level, using specific regulatory clause libraries.
- Customize document processing as well as n-tiered review and analysis workflows for your specific project needs.
- Use pre-set tag sets that can be modified tags as required.
- Simple and easy-to-use Validation and Exceptions Handling modules power you past potential obstacles.
- Default workflow provides the process map to get companies started on their way to safety.
Get ready for the coming storm of the GDPR now
The General Data Protection Regulations (GDPR) will place organizations all over the world, not just in the EU, in the cross-hairs of EU regulators armed with fines of up to 4% of gross world-wide corporate revenues.
- Assess all third party contractual relationships, for Controllers and Processors, to comply with the exacting Article 28(3) requirements, comparing clauses to your preferred language and the EU Standard Contractual Clauses.
- Make certain to mitigate risks from Data Security issues under Article 32 and Data Breach Notification requirements under Articles 34 and 35.
- Analyze third party risks as they occur, through new contracts, to conform with Article 35 Data Protection Impact Assessment (DPIA) requirements.
- Analyze contractual obligations and risks for Article 15-22 Subject-Matter Access Rights, Article 25 Privacy by Default and Design and Article 30 Recordkeeping.
- Accelerate compliance review to meet the May 25, 2018 deadline and avoid putting yourself in the cross-hairs of the newly-empowered EU DPAs.
Chart the right path, and stay on it, by managing Compliance over time
Getting the Compliance game right the first time isn’t enough; you have to keep it right over time throughout your entire enterprise.
- Discover your Compliance risks and obligations in the business-critical documents that now are just gathering dust on a shelf (or virtual dust in a file store).
- Update your GRC systems on changing regulations, corporate filings and reports with extracted clauses and entities from your critical documents.
- Tag and compare problematic contract or filing language against corporate standards or model documents.
- GRC (Governance, Risk and Compliance) systems can only provide sophisticated guidance to help you navigate the regulatory risk landscape if they are using up-to-date data.
- A single incorrect – or worse, missed – regulatory filing can ruin your day, and maybe your career, so ABBYY Text Analytics for Contracts helps you keep you track requirements and filings over time.
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