MetricStream Regulatory Engagement Management streamlines and automates the process of managing various regulatory activities, including examinations, meetings, and requests for information. All regulatory engagement data is captured in a central repository, enabling stakeholders to collaborate. Workflows are clearly defined, minimizing any inconsistencies or redundancies. In addition, powerful dashboards and reports provide comprehensive and real-time insights on various engagements, tasks, findings, action plans, and trends, enabling stakeholders to make informed decisions that strengthen the organization’s credibility with regulators.
Regulatory Engagement Management
Better Manage Your Regulatory Engagement with Technology
Regulatory Engagement Management
Measure Your Program Outcomes
- 60%
faster response time to regulatory changes
Automate Your Regulatory Engagement Management Processes
MetricStream Regulatory Engagement Management software, built on the MetricStream Platform, streamlines and automates the process of managing regulatory activities such as examinations, meetings, and requests for information. Regulatory engagement data is captured in a central repository, enabling stakeholders to collaborate. Workflows are clearly defined, minimizing inconsistencies or redundancies. Powerful dashboards and reports provide real-time insights on various engagements, findings, and trends, enabling stakeholders to make informed decisions that strengthen credibility with regulators.
How Our Regulatory Engagement Management Software Helps You
Efficient Regulatory Engagement Planning
Capture key details of the engagement and map it to the associated regulatory authorities, areas of compliance, risks, and processes. For each engagement, define roles and responsibilities, and map them to the organizational hierarchy.
Structured Task and Sub-Task Management
Create, view, and track tasks and sub-tasks for each regulatory engagement. Maintain all task details, including type, description, request letter deliverables, and task response. Map engagement tasks to applicable GRC foundation library data such as regulations, requirements, processes, and risks.
AI-Powered Regulatory Findings Management
Document, manage, and monitor all engagement findings. Summarize the findings, as well as their type, root cause, and owner. Leverage AI/ML to quickly identify issues based on relation and recommend issue classification. Manage, assign, and track action plans to closure.
Collaborative Document Management Enabling a Systematic Approach
Collaborate on multiple engagement-related documentation including request and supervisory letters located in a centralized, secure repository. Through the product’s pre-built integration with Microsoft Outlook, set up engagement meetings, trigger notifications, and view engagement tasks and meetings from your Outlook application.
Expansive Visibility into the Regulatory Engagement Process with Intuitive Reports and Dashboards
Gain comprehensive visibility into the regulatory engagement process through interactive reports and dashboards. View real-time insights on the number of open engagements, regulatory findings, tasks and action items, engagement trends, and other critical data.
How Our Regulatory Engagement Management Software Benefits Your Business
- Strengthen the coordination and tracking of regulatory exams, meetings, investigations, and other engagements across the enterprise
- Securely organize, store, and access regulatory engagement documentation, task details, and findings
- Gain the flexibility to slice and dice regulatory engagement data from various perspectives to derive critical trends and patterns
- Enhance the transparency and accountability of regulatory engagement activities by mapping each engagement to the associated tasks, sub-tasks, dates, owners, and other key details
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Leading Health Insurer Cuts Regulatory Reporting Time By 90% with MetricStream
Frequently Asked Questions
MetricStream Regulatory Engagement software helps to create and manage multiple types of engagements including regulatory examinations, meetings, inquiries, and other information requests. Engagement details such as engagement type, regulator names, jurisdiction, key dates, applicable business units, etc., can be documented.
MetricStream Regulatory Engagement Management allows findings to be managed for each regulatory engagement. Findings can be classified and categorized, and the root cause of each finding can be specified. One or more action plans with target dates and action plans can be tracked to closure.
Yes, engagement managers can create, view, and track tasks for the created regulatory engagements. Record the task details such as title, type, and description. Assign an owner and specify a due date for the task to be completed. Attach the relevant documents, specify their title, and classify them into pre-defined categories.
You can explore the MetricStream Regulatory Compliance solution that enables organizations to stay primed on the complex web of regulatory obligations governing the business while also implementing measures, processes, and policies to sustain compliance. To request a demo, click here.
Also, you can visit our Learn section to dive deeper into the GRC universe and the Insight section to explore our customer stories, webinars, thought leadership, and more.
