90%*Reduction in compliance activity costs
60%*Faster response time to regulatory changes
Regulatory Change Management App
The MetricStream Regulatory Change Management App simplifies the process of capturing, understanding, and managing regulatory changes. The app provides a centralized framework with regulatory taxonomies and metadata to aggregate regulatory content from multiple trusted sources, including subscription data sources and publicly available data sources. Users can proactively identify regulatory changes, assess their impact on business processes, policies, risks, and controls, and finally, initiate and track regulatory change management tasks.Download Datasheet Business Value Calculator
Enabling High Performers
Real-time intelligence and insights for better decisions
Responsive and personalized interface designed for compliance professionals
Highly configurable to meet your specific regulatory change management requirements
Mobile ready, enabling assessments anywhere, anytime
Fast, lean, ready for the future
Efficiently track updates to regulations and standards. Aggregate and store regulatory content from publicly available data sources such as newsletters and regulator websites, or from private entities that provide curated regulatory content. Tag, categorize, and integrate the content into a pre-defined regulatory taxonomy where it can be segregated by specific regulatory attributes, and stored by relevant area and jurisdiction.
Define business rules to filter and distribute regulatory change feeds as alerts to relevant stakeholders. Route the alerts to the concerned triage team for initial assessments. Enable them to map the alerts to relevant processes, risks, controls, and business units. Reject or remove alerts that are deemed irrelevant to the organization. Classify all relevant alerts based on their attributes (e.g. circular, publication, news, or guideline).
Assess the impact of various regulatory changes on the organization through either simple or advanced methods. Analyze the impact and likelihood of risks related to regulatory updates. Additionally, capture the costs of failing to address the regulatory change. Identify individuals to conduct an impact analysis of applicable regulatory changes, and conduct surveys to evaluate the impact that the change has on the business unit.
Create and manage regulatory change management tasks — be it updating a process/ policy, or initiating training. Assign the tasks to the appropriate task owners who can document response notes. Log any issues or findings that arise, assign action plans to manage them, and track them to closure.
Effectively monitor the regulatory change management process through dynamic dashboards and reports. Slice and dice the data to identify critical risk patterns and trends. Gain clear visibility into the regulatory landscape, and the organization’s ability to respond to regulatory changes
Delivering Business Value
- Gain agility by identifying regulatory changes in real time, and streamlining the regulatory change management process
- Build confidence by creating a structured process to identify and track multiple complex regulatory changes
- Reduce costs by automating regulatory change management processes
- Ensure comprehensive coverage of regulatory changes, leveraging multiple expert opinions and perspectives
- Deliver assurance to regulators and key stakeholders with evidence and reports from the first to fourth lines of defense
We have engaged [on the MetricStream Community] throughout the implementation and found the interactions and materials quite useful.
MetricStream Regulatory Change Management Solution
Regulations across industries are continuously being updated or changed to reflect various risks and developments. For organizations, it is becoming increasingly challenging to keep track of these changes, understand their impact on the business, and then respond appropriately.
The MetricStream Regulatory Change Management Solution enables you to monitor and manage regulatory changes in a systematic, integrated, and efficient manner. Built on a central platform, the solution consolidates regulatory feeds from various sources, and automatically triggers alerts for regulatory updates. It also helps assess the impact of the regulatory change, and trigger the appropriate action plans, so that you are able to proactively mitigate regulatory risks, and enhance regulatory compliance.