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Companies are facing monumental financial and resource challenges in managing Governance, Risk, Compliance and Auditing. But with the industry moving faster than ever before – in order to survive – companies must not only find smart, cost-efficient solutions to meet current needs, but also prepare for the future. Issues they face today could be as follows:
• A constantly changing regulatory landscape with a lack of resources to comply with
• Costs of non-compliance that are too great to take a passive approach
• Regulatory and audit guidelines that require hours of work for reviews
Our solution delivers robust Cognitive Integrated Risk Management capabilities (CIRM) to the mid-market by helping them assess and predict risk in real-time—rather than waiting for a catastrophic event when it is likely too late. Powered by IBM Watson and other cognitive computing technologies, Aponia uses machine learning and natural language processing to automate and centralize risk management and audit engagements across the entire organization—using automation to put repeatable processes in place to identify and anticipate potential business risks, dynamically calculating the cost of failure and staying current with changing compliance requirements to effectively manage governing documents. Using Aponia’s CIRM with Watson improves decision making and performance through an integrated view of how well an organization manages its unique set of risks.
CIRM can read and analyze contracts, leases, governing documents and policies based on industry standards, regulatory and accounting requirements in less than 2 minutes. This reduces the effort of a compliance officer, auditor, attorney or risk manager. Without Watson, a process would likely take 4-6 man hours.
Business Continuity Plans