London, 10 September 2019
Author: Wim Nelen
Legal and Compliance teams need to adopt consistent shared interpretations when working with regulatory requirements. That's common sense risk management. Misinterpretations and inconsistent views can be very costly.
To make knowledge management a reality it is crucial to improve the accessibility of in-house views and to ensure that they are properly maintained. Software can enable access to anyone who needs it at any time, assign ownership, alert when updates need to be considered and maintain an audit trail.
singlerulebook.com is a regulatory knowledge management platform. It structures in-house interpretations on interactive rule maps so that knowledge is available in context and maintained when regulations evolve. It ensures that everyone now and in the future uses the same meaning when working with regulatory terms, articles, reporting fields, guidance and Q&As.