Monitoring & Tracking for Regulatory Compliance Monitoring
Automated monitoring & tracking function supporting Regulatory Compliance Monitoring. Part of the Regulatory Compliance Monitoring capability.
Business Outcome
time reduction in report generation (from 1-2 hours to 30-60 minutes).
Complexity:
MediumTime to Value:
3-6 monthsWhy This Matters
What It Is
Automated monitoring & tracking function supporting Regulatory Compliance Monitoring. Part of the Regulatory Compliance Monitoring capability.
Current State vs Future State Comparison
Current State
(Traditional)- Identify applicable regulations and compliance requirements relevant to the organization.
- Develop a compliance monitoring plan outlining the specific regulations to be monitored, frequency of monitoring, and responsible parties.
- Collect data from various sources (e.g., internal systems, external databases) to assess compliance status.
- Utilize automated tools to analyze the collected data against compliance requirements.
- Generate compliance reports highlighting areas of compliance and non-compliance.
- Review reports with relevant stakeholders and compliance teams.
- Implement corrective actions for any identified non-compliance issues.
- Continuously monitor regulatory changes and update the compliance monitoring plan accordingly.
Characteristics
- • GRC Software (e.g., RSA Archer, MetricStream)
- • Excel
- • Document Management Systems (e.g., SharePoint)
- • Business Intelligence Tools (e.g., Tableau, Power BI)
Pain Points
- ⚠ Manual data entry is time-consuming
- ⚠ Process is error-prone
- ⚠ Limited visibility into process status
- ⚠ Limited automation capabilities in existing tools
- ⚠ Potential for human error in data entry and analysis
- ⚠ Resource-intensive processes that can lead to delays
- ⚠ Inadequate training on compliance tools and regulations
Future State
(Agentic)- The Regulatory Change Monitor identifies new regulations and updates the compliance monitoring plan.
- The Data Collection Agent automatically gathers data from various sources.
- The Compliance Analysis Agent analyzes the data against compliance requirements.
- The Reporting Utility Agent generates compliance reports.
- The Compliance Orchestrator reviews reports and coordinates discussions with stakeholders.
- Corrective actions are implemented for non-compliance issues, and the process is continuously monitored for regulatory changes.
Characteristics
- • System data
- • Historical data
Benefits
- ✓ Reduces time for Monitoring & Tracking for Regulatory Compliance Monitoring
- ✓ Improves accuracy
- ✓ Enables automation
Is This Right for You?
50% match
This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.
Why this score:
- • Applicable across multiple industries
- • Moderate expected business value
- • Time to value: 3-6 months
- • (Score based on general applicability - set preferences for personalized matching)
You might benefit from Monitoring & Tracking for Regulatory Compliance Monitoring if:
- You're experiencing: Manual data entry is time-consuming
- You're experiencing: Process is error-prone
- You're experiencing: Limited visibility into process status
This may not be right for you if:
- Requires human oversight for critical decision points - not fully autonomous
Parent Capability
Regulatory Compliance Monitoring
Continuous monitoring of regulatory changes with automated impact analysis, policy management, and compliance tracking.
What to Do Next
Add to Roadmap
Save this function for implementation planning
Related Functions
Metadata
- Function ID
- function-regulatory-compliance-monitoring-1