Given the depth and breadth of regulatory change in our industry, organizations are challenged more than ever in terms of how to process, manage and execute on applicable requirements. This need has created an opportunity for technology providers to develop “workflow” tools that enable the identification, dissemination and impact analysis of changes in the regulatory landscape.
Understanding the volatile regulatory environment we will continue to face for the next several years, the need for automated solutions is more important than ever. Additionally, given the weak economic environment, this is simply not a problem that organizations can (or are willing to) to throw bodies at to handle in a “manual” manner. We are all being asked to do more with less. Therefore, forward looking approaches that incorporate sustainable and scalable technology solutions will continue to rule the day.
