rt360 GRC – Compliance Management
The evolving regulatory landscape has made compliance a pressing challenge for today’s organizations. Organizations need to constantly monitor adherence to external regulatory and legal requirements as well as internal policies and bylaws through a single pane of glass. They are also driven by the need to promote a culture of good governance, where proactive compliance to rules and regulations percolates to the grassroots of the organizational hierarchy.
The rt360 Compliance Management solution automates the overall compliance process such as identify, assess, and helping to monitor adherence for organizations. One of the key objectives of the solution is to protect the company from considerable reputational damage and high financial penalties caused by non-compliance. A market-leading solution, rt360 GRC – Compliance Management enables organizations to accelerate their roadmap to regulatory compliance at a significantly competitive price-point.
Compliance library and controls
An accurate and complete record of key compliance obligations
Includes associated controls and risks of non-compliance
Configurable workflows and alerts
Automated workflows, email notifications issued to respective departments
Reminders for periodic regulatory assessments and alerts for non-compliance
Governance and ownership
Allocation of accountability at every stage for end-to-end compliance
Ability to create stakeholder related compliance workshops to track action items
Define and monitor
Define and continuously monitor compliance obligations with associated timelines
Incorporate organization’s compliance matrix, questionnaire, templates, and so on.
Internal and external assessments
Compliance calendar detailing all compliance/policy assessments
Options for the user to schedule assessments and track ongoing status
Audit and incident reporting capabilities
Audit trail with detailed tracking of activities including timestamp
Real time customizable reports and feature-rich dashboards
Update and maintain a single source of truth for everything related to compliance management through a global library accessible exclusively to authorized users
Create and execute standardized programs to gain real-time compliance insights, prevent potential risks early and improve collaboration across departments.
Build and manage internal policies and external regulations through a centralized process repository that automates risk management and end-to-end process control.
Ensure that compliance requirements are assessed and monitored periodically and check the effectiveness of each control through standardized assessment process.
Reports & Dashboard
Gain a 360-degree view of your organization’s compliance landscape through graphical dashboard representations and standard or custom reporting capabilities.
Integrated Compliance Management
Integrate compliance with rt360 Enterprise Risk Management, Audit and Incident Management modules as well as legacy in-house and external third-party systems.
Use analytics and data insights built on next-generation technologies, like text mining and NLP algorithms, to analyze compliance data, pattern-match and improve the risk outlook.
Compliance programs aligned to business objectives
Centralized view & transparency in compliance cycle
Reduced risk of compliance violations and risks
Integrated approach to manage non-compliance
Reduction in compliance & policy management cycle
Advanced analytics and proactive data insights
Business first, technology next approach
Industry-specific risk registers, controls
Compliant to global GRC frameworks
Flexible commercials and deployment models
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rt360 is a risk management product suite to manage the entire risk portfolio of banks and financial institutions that includes credit risk, capital allocation, pricing risk, liquidity risk, model risk and operational risk.
rt360 is designed by bankers, risk practitioners and technology specialists with a Business First, Technology Next approach, empowering banks and financial institutions to focus on their credit growth and profitability while managing their risks. The product is fully designed and made in India to address the complexities of the financial sector globally. The suite comprises of five distinct products to manage each of the risk portfolio.