Regulatory Intelligence: Approaching Regulatory Change in a Consistent Process
The old paradigm of regulatory change management is clearly a recipe for disaster given the volume, pace of change and the broader operational impact of today's laws and regulations. Just as the CFO needs a financial system or the sales department needs CRM, legal and compliance need regulatory intelligence. Organizations should explore how technology and process combined with regulatory content can transform ad hoc regulatory change management. Organizations must make regulatory information actionable and accountable with regulatory intelligence. A critical part of meeting the demands of a dynamic business and regulatory environment is to gain control of regulatory risk, resource management and better control compliance and legal spending.
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