Overview

Accelus Compliance Manager enables you to effectively manage the impact of compliance risk on your organization. Clients can track regulatory change, assign action plans and manage associated policies and controls. Our connected approach brings a new perspective to the impact of the regulatory environment on business strategy decisions.
  • Unique combination of content, taxonomy and enterprise software
  • Driven by Thomson Reuters regulatory and risk content or custom content tailored to your needs
  • Empowers compliance risk management across your organization
  • Implemented by our world-class professional services team of risk and compliance experts

Today’s highly-regulated organizations face a blistering pace of regulatory change. This is often thanks to multi-layered supervisory frameworks, constant new legislative requirements and rapidly evolving best practices promulgated by industry associations.

As a result, you and your colleagues are finding that the traditional approach of using spreadsheets and ad-hoc processes to manage regulatory change is not agile or responsive enough. Resources simply do not stretch far enough and costs are escalating. To make matters worse, constant fire-fighting means that your organization is not able to take regulatory change into account when shaping business strategy.

Capture Regulatory Change

Accelus Compliance Manager has a global team of Thomson Reuters journalists, editors and subject matter experts providing the information you need to interpret emerging legislation and regulation and apply it to the context of your own industry and organization. This information powers the regulatory change management engine, ensuring that you never miss an important regulatory event and that you action the necessary changes quickly and effectively. Content sets include:

  • Financial services
  • Insurance
  • Healthcare
  • Custom feeds from alternative content sources

Manage The Change Process

Effective regulatory change needs to be a sustainable, repeatable process in today’s highly-regulated organizations. Compliance organizations need to be able to implement change programs efficiently without having to focus on managing the process itself. Furthermore, they must evidence these changes to their senior management, Board and regulators.

Through Accelus Compliance Manager, compliance executives can:

  • Create precise relationships between regulations and internal business structures, policies and risks
  • Dynamically connect regulatory updates to the relative risks, policies and controls and communicate this information to the respective business owners
  • Centralize policy management, record keeping and training
  • Manage and share regulatory information, risks, policies, controls and tests
  • Manage remediation data and store in a central library
  • Centralize issue management and remediation plan documentation for compliance-related processes
  • Deliver robust, configurable reporting through alerts, status reports, dashboards and heat maps
  • Successfully prepare for regulatory exams with the solution’s embedded workflow
  • Support compliance activities – including investigations, supervisory controls, filing tracking, regulatory certifications and suspicious activity reporting – through enhanced data capture, workflow and reporting

Create Connected Compliance

Accelus Compliance Manager is an integrated part of the Thomson Reuters Accelus portfolio of solutions, designed to help your organization drive a connected, value-enhancing approach to governance, risk and compliance (GRC) as well as enterprise risk management. By connecting Accelus Compliance Manager with your organization’s other GRC efforts you can:

  • Increase alignment between the risk and compliance functions
  • Make audits of compliance operations easier and more efficient
  • Deliver a joined-up view of compliance risk to senior management and the Board

Key Features

Key Benefits

Regulatory information and updates from the most trusted source in financial services, Thomson Reuters

With our global coverage of more than 400 regulators and exchanges, you can track hundreds of regulatory events that affect your business.

The comprehensive and diverse coverage of our regulatory intelligence provides the information you need in order to make informed business decisions and put the necessary controls in place.

Regulatory updates that are dynamically linked to the relevant risk policies and controls and communicated to business owners

With regulatory changes mapped directly to regulations that impact the firm, Accelus Compliance Manager can automatically provide alerts through the platform and via email when a regulation changes. This frees you from the burden of manually maintaining this information and provides management with the peace of mind that comes from knowing that nothing of importance has been missed.

Accelus Compliance Manager also saves time and resources by allowing compliance professionals to identify and map where in the organizational structure laws and regulations apply. It also enables transparency and visibility of the coverage that has been achieved by existing sets of policies, procedures and mitigating controls.

Robust, configurable reporting delivered through alerts, status reports, dashboards and heat maps

Helps you to understand how regulatory changes may affect your business, so that you can inform your Board when the risk level changes significantly and quickly implement the necessary control and mitigation steps.

Data capture, workflow and reporting that supports compliance activities

Accelus Compliance Manager streamlines your compliance processes and can greatly improve:

  • Audit report review
  • Preparation for compliance and regulatory examinations
  • Complaint handling
  • Filing tracking
  • Dealing with new legal and regulatory requirements
  • Determining that a firm’s supervisory procedures are sufficient
  • Suspicious activity reporting
Workflow that provides evidence to demonstrate and report compliance to management and regulators

Provides data capture, workflow and reporting that supports compliance activities including investigations, supervisory controls, filing tracking, regulatory certifications and suspicious activity reporting.

The solution can also be leveraged to assemble information from other systems or sources in order to fulfill the requests and expectations of an enquiry.

Case Study

Heartland Bank select Thomson Reuters Accelus for their Transaction Monitoring requirements

Faced with increasing regulatory pressure, a leading New Zealand Bank with a wide network of branches needed to make improvements to their existing manual transaction monitoring process which was unable to report suspicious behavior tracking.

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