Articles
Announcing Accelus Compliance Manager
New solution helps compliance teams rise to the challenge of global regulatory burden.
Combining Thomson Reuters trusted global regulatory intelligence with its leading software platform for governance, risk and compliance, Thomson Reuters Accelus Compliance Manager, connects the five key stages of compliance identified by Thomson Reuters Governance, Risk & Compliance:
- 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 launch of Accelus Compliance Manager comes on the back of the results of a recent Thomson Reuters survey of more than 500 compliance professionals globally who report they are often struggling to keep up with the growing demands of global regulation. Accelus Compliance Manager was developed to address this challenge in association with some of the world’s most heavily regulated organizations.
The resulting solution provides information from more than 230 regulators and exchanges around the world, and can be deployed within an organization to manage the lifecycle of the compliance process, from the notification of a new regulation, through responding to regulatory audits.
“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, SVP, Compliance, Audit and Risk, Thomson Reuters Governance, Risk & Compliance. “Budget constraints also mean departments are continually being squeezed to do more with less. Accelus Compliance Manager will help them support the oversight and operation of their enterprise-wide compliance programs across the business, and deliver improvements in corporate governance, regulatory compliance and the ability to achieve their business objectives faster.”
Commenting on the launch, Mark Schlageter, president, Thomson Reuters Governance, Risk & Compliance, said: “You just need to look at the results of our Annual Cost of Compliance Survey 2012, to understand that the traditional approach to managing compliance and being able to evidence it to the regulators, will no longer scale to meet the new demands imposed by increased regulatory volume and complexity.”
Related Information
Learn more about Accelus Compliance Manager.
Download the Thomson Reuters Accelus 2012 Cost of Compliance Survey.
Thomson Reuters Accelus is a comprehensive suite of solutions specifically built to address the governance, risk and compliance challenges faced by the boardroom, and by legal, compliance, audit and risk management professionals.
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