Regulatory Compliance and Information Governance (powered by SEAL)
Tax, fraud, bribery, competition, consumer protection, quality, health care, safety and environmental compliance, are just a few of the areas that are under increasing attention of the authorities. As the number of regulators grows, so does the amount of requests for information, and the largest share is unstructured information (documents).
Businesses today generate massive amounts of data. Important data is located in email and document management systems, data storage systems, and file shares. Social media accounts, mobile devices, and devices connected to the Internet of Things may also contain evidence. The electronically stored information (ESI) organizations need to collect and analyze is scattered across multiple communications and media platforms and may be contained within current and legacy operating systems.
Given the volume of information, mostly in electronic format, it has become necessary for both organizations and regulatory agencies to use information governance and e-Discovery solutions in order to carry out this process in good condition (compliance or investigation). Organizations not using specialized solutions are not able to properly manage the process, get higher fines, take much longer and spent more resources handling such requests.
Without proper planning and tools, it is a nightmare when regulators start asking questions. Internal business process are disrupted, line of business people stop doing their daily jobs to meet compliance requirements, and the associated costs are enormous.
SEAL is a next generation software solution for AI and metadata-driven content efficiency, compliance and automation platform, covering both productivity and cost-cutting related use cases (moving to digital, paperless processes, automation) and compliance and risk reduction related use cases (regulatory compliance with GDPR and other regulatory, data protection and privacy, etc.). With SEAL top organization in multiple industries can collect, store, maintain, and dispose compliance-required records, and respond with swift agility to any regulation changes or any request for information from a regulator.
SEAL empower organizations to respond to regulatory requests more thoroughly, accurately, and cost effectively and:
- Centralize enterprise data from different locations, systems and geographies;
- Classify documents and standardize data of varying file types, formats, and languages;
- Offer advanced search functions, data analytics, and AI-driven capabilities that find relevant information fast, provide meaningful insights;
- Foster secure collaboration with internal teams and outside parties;
- Automate tedious, time-consuming tasks;