OpenPages Regulatory Compliance Management

IBM OpenPages® Regulatory Compliance Management (RCM) supports organizations in breaking down regulations into a catalog of requirements, evaluating its impact to the business, and creating actionable tasks.

As a solution it allows firms to:
  • Maintain a repository of regulations and requirements that they must comply with
  • Identify and create a catalog of requirements that fulfill the regulations
  • Map regulatory requirements to their internal control framework
  • Create groupings of requirements into Compliance Themes
  • Conduct assessments of regulatory requirements under Compliance Plans
  • Ingest, direct, and respond to regulatory events supplied by third-party data providers
  • Record, organize, and respond to regulator interactions, including regulatory inquiries and examinations

Ascent connector

IBM OpenPages Regulatory Compliance Management includes a connector for Ascent Reg Tech.

The Ascent connector enables the direct ingestion of regulatory feeds from Ascent Reg Tech into RCM.

IBM OpenPages with Watson™ enables the direct ingestion of new rules, rule changes, and obligations from Ascent Reg Tech into the Mandate, Sub-Mandate, and Requirement objects in OpenPages.

For information about how to configure the Ascent connector, see the IBM OpenPages with Watson Administrator's Guide.

Reg-Track connector

IBM OpenPages Regulatory Compliance Management includes a connector for Reg-Track.

The Reg-Track Regulatory Event object enables the direct ingestion of regulatory event feeds from Reg-Track into RCM, and the automated generation of workflows assigned to users based on supplied data points. This automation helps to assign tasks to users efficiently, enabling them to effectively respond to, and prepare for, regulatory change.

Taxonomy mapping

Users can associate their own taxonomy to the Reg-Track taxonomy that is used for Regulatory Events.

Users can populate fields on a Regulatory Event record that are more consistent with other values that are used in IBM OpenPages with Watson. The converted data points are available for use in the same way as existing data points on the Regulatory Event record, such as for setting conditions within the Rules Engine or in a workflow.

Reg-Track Rules Engine

The IBM OpenPages with Watson Rules Engine helps users to handle the daily influx of regulatory events, automatically route them to the right users in their organization, and start any necessary workflows.

The data from the Reg-Track feeds is loaded into OpenPages, and then passes through the Rules Engine. One regulatory event can trigger multiple rules if more than one rule’s conditions are met.

Users can access the Rules Engine via a link on the Reg-Track Regulatory Events page.

Sample workflows

IBM OpenPages with Watson includes sample workflows for processing Reg-Track Regulatory Events. For more information, see Sample workflows in GRC Workflow.

Out-of-the-box rules for Reg-Track Regulatory Event processing

IBM OpenPages with Watson includes example rules for the incoming Reg-Track Regulatory Events. These rules can be modified to match an organization’s methodology for processing alerts published by regulatory agencies.

For information about how to configure the Reg-Track connector, see the IBM OpenPages with Watson Administrator's Guide.

Thomson Reuters connector

IBM OpenPages Regulatory Compliance Management includes a connector for Thomson Reuters Regulatory Intelligence (TRRI).

The TRRI Regulatory Event object enables the direct ingestion of regulatory event feeds from Thomson Reuters into RCM, and the automated generation of workflows assigned to users based on supplied data points, as well as documents impacted by regulatory change. This helps to efficiently assign tasks to users to effectively respond to, and prepare for, regulatory change.

Taxonomy mapping

Users can associate their own taxonomy to the Thomson Reuters taxonomy that is used for Regulatory Events.

Users can populate fields on a Regulatory Event record that are more consistent with other values that are used in IBM OpenPages with Watson. The converted data points are available for use in the same way as existing data points on the Regulatory Event record, such as for setting conditions within the Rules Engine or in a workflow.

TRRI Rules Engine

The IBM OpenPages with Watson Rules Engine helps users to handle the daily influx of regulatory events, automatically route them to the right users in their organization, and start any necessary workflows.

The data from the Thomson Reuters Regulatory Intelligence (TRRI) feed is loaded into OpenPages, and then passes through the Rules Engine. One regulatory event can trigger multiple rules if more than one rule’s conditions are met.

Users can access the Rules Engine via a link on the TRRI Regulatory Events page.

Sample workflows

IBM OpenPages with Watson includes sample workflows for processing TRRI Regulatory Events. For more information, see Sample workflows in GRC Workflow.

Out-of-the-box rules for TRRI Regulatory Event processing

IBM OpenPages with Watson includes example rules for the incoming TRRI Regulatory Events. These rules can be modified to match an organization’s methodology for processing alerts published by regulatory agencies.

Regulatory Library
IBM OpenPages with Watson enables the direct ingestion of a regulatory library feed from Thomson Reuters into RCM’s Sub-Mandate object. In instances where Thomson Reuters identifies regulations impacted by a Regulatory Event, the impacted Sub-Mandate is automatically associated upon ingestion.

For information about how to configure the Thomson Reuters connector, see the IBM OpenPages with Watson Administrator's Guide.

Wolters Kluwer connector

IBM OpenPages Regulatory Compliance Management includes a connector for Wolters Kluwer (WK).

The WK Regulatory Event object enables the direct ingestion of regulatory event feeds from Wolters Kluwer into RCM, and the automated generation of workflows assigned to users based on supplied data points, as well as documents impacted by regulatory change. This helps to efficiently assign tasks to users to effectively respond to, and prepare for, regulatory change.

Taxonomy mapping

Users can associate their own taxonomy to the Wolters Kluwer taxonomy that is used for Regulatory Events.

Users can populate fields on a Regulatory Event record that are more consistent with other values that are used in IBM OpenPages with Watson. The converted data points are available for use in the same way as existing data points on the Regulatory Event record, such as for setting conditions within the Rules Engine or in a workflow.

WK Rules Engine

The Rules Engine helps users to handle the daily influx of regulatory events, automatically route them to the right users in their organization, and start any necessary workflows.

The data from Wolters Kluwer is loaded into OpenPages, and then passes through the Rules Engine. One regulatory event can trigger multiple rules if more than one rule’s conditions are met.

Users can access the Rules Engine via a link on the WK Regulatory Events page.

Sample workflows

IBM OpenPages with Watson includes sample workflows for processing WK Regulatory Events. For more information, see the IBM OpenPages with Watson Solutions Guide.

Out-of-the-box rules for WK Regulatory Event processing

IBM OpenPages with Watson includes example rules for the incoming WK Regulatory Events. These rules can be modified to match an organization’s methodology for processing alerts published by regulatory agencies.

Regulatory Library
IBM OpenPages with Watson enables the direct ingestion of a regulatory library feed from Wolters Kluwer into RCM’s Mandate and Sub-Mandate objects. In instances where Wolters Kluwer identifies regulations impacted by a Regulatory Event, the impacted Mandates and Sub-Mandates are automatically associated upon ingestion.

For information about how to configure the Wolters Kluwer connector, see the IBM OpenPages with Watson Administrator's Guide.