Case Study
Structured data: Regulatory horizon scanner
Regulation & Compliance and Digital Transformation | Tech | Amsterdam
The Background
- One of our technology partners required support to help them build a workflow solution to support their horizon scanning solution
- The client focused solution is designed to provide insight on regulatory updates across location and industry and to support a number of use cases
- Regulatory horizon scanning is a process of monitoring and analysing emerging regulatory developments that could impact an organisation's operations or industry
- This involves keeping up-to-date with regulatory changes, upcoming legislation, and policy initiatives, and analysing the potential impact on an organisation's compliance obligations, risk exposure, and business strategy
- The goal of regulatory horizon scanning is to anticipate and prepare for changes in the regulatory environment so that an organisation can adapt and stay ahead of the curve
- This can help organisations to mitigate risks, seize opportunities, and maintain compliance with regulatory requirements
The Challenge
- Designing, developing and integrating an Appian workflow solution that would compliment and improve an existing horizon scanning solution
The Approach
- Our team worked closely with the technology partner to understand their full suite of API connectors, the data in each, and how they could be integrated into Appian
- The team identified the key steps/phases required to support the horizon scanning process, from data ingestion to arranging the data as per a defined schema, to allocating specific tasks to project managers and business analysts and understanding the impact that the new regulation could have on the existing business and systems
The Impact
- A scalable horizon scanning solution that can be applied across multiple locations and regulatory jurisdictions, in 26 languages
- An efficient solution, that can dramatically reduce the amount of manual intervention, improve productivity and provide management insight, at each step of the process on progress and any blocking issues
- A more accurate solution that helps ensure all regulatory requirements are identified and tracked. The end-to-end audit trail is recorded in the system, so that the approach adopted and compliance can be quickly demonstrated to a regulator
- A solution that lends itself to speed, with thousands of regulatory documents and insights being sourced from multiple sources at the touch of a button
- A solution that provides regulatory intelligence to help a client stay ahead of the game and drive their business forward
- A solution that enables a client to reduce headcount and cost, doing more with less
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