Compliance Map

This Product Overview covers our Al-powered Compliance Map product, which allows risk and compliance professionals to assess the design efficacy of their compliance programs by reviewing Al-generated mappings of rulebooks (regulations, laws and standards) to their governance artifacts (policies, procedures, risks, contracts and controls) to identify gaps within minutes. The product then provides risk, policy, control or contract language to address compliance gaps.

We show you how 4CRisk.ai's AI-Powered Compliance Maps supports a four-step process for creating linkages between an organization's external obligations and its internal framework.

1. Conduct a Compliance Map Assessment is 40 times faster than traditional methods. This process involves comparing external obligations (such as regulatory or third-party requirements) with internal documents like policies, procedures, and controls to generate a compliance gap assessment in minutes.

2. Human in Loop Review is 2 times faster by presenting pre-sorted information that teams can easily review, discuss, and confirm⁵. Teams can also make edits based on their subjective judgment.

3. Change Plan & Action Items is 2 times faster 4CRisk integrates with issue management systems to populate key information for subject matter experts (SMEs) responsible for making changes.  

4. Map to Your Business Taxonomy Information 3 times faster.

We cover Key Benefits and spotlight our customers’ experiences.  

EFFECTIVENESS - reduction of risk of non-compliance

Create and manage a full spectrum of global regulations aligned with business and control objectives. Assess effectiveness of internal controls and compliance practices against industry benchmarks. Eliminate human errors and biases when connecting rules to internal control framework.

EFFICIENCY – faster more accurate compliance  

improve the design of the internal control environment and reduce manual effort and cost in discovery, creation, maintenance, and traceability of data relationships. Drive transparency and linkage of information to improve insight and ensure strategic business alignment. Build requirement inventories that are strategic and give business competitive advantage.

AGILITY - faster response time to market changes

Quickly identify coverage gaps of regulatory requirements within the control framework. Understand the context of changes to quickly measure associated risks and business impact. Incorporate Al driven insights into regulatory requirements mapping with internal control framework.

Learn more at Complaince Map Product Page