Perform a compliance mapping process, often manual and resource-intensive, to compare your obligations—like regulatory requirements or master contracts—with related internal documents, such as policies, controls, or contracts, to identify any existing gaps.

Your team does these tasks... manually

• Review policies, controls, contracts, and other compliance documents to ensure alignment with obligations.


• Conduct a Compliance Map Assessment by aligning specific sections of rulebooks (regulations, rules, and laws) with relevant governance artifacts (policies, procedures, contracts, and controls) within your organization.


• Establish traceability mappings to demonstrate the coverage of requirements across multiple related elements, such as linking regulations to policies and controls.


• Subjectively assess and rate risk based on the extent of coverage from each primary obligation to corresponding internal documents.


• Create reports indicating areas of compliance that are fully met, partially met, minimally covered, or not mapped at all.

RiskCounts can accomplish this 40 times faster by creating a Compliance Gap Assessment in just minutes. It does this by comparing your external obligations (such as regulatory or third-party requirements) with your internal documents, including in-house policies, procedures, risks, controls, and standard contracts or frameworks.

Our product empowers your team with AI capabilities that can:

• Quickly upload policies, contracts, and other compliance documents for parsing and traceability in a Compliance Gap Assessment.


• Generate a Compliance Gap Assessment by analyzing two sets of documents to identify discrepancies within minutes.


• Capture and summarize weaknesses and duplicates between documents using visually engaging Sankey diagrams, where lines indicate the match type: green for strong matches, yellow for partial matches, and red for minimal matches.


• Create a more comprehensive Traceability Map that illustrates coverage of requirements across multiple corresponding elements, such as regulations to policies to controls.


• Provide a summary in an exportable tabular format (PDF and Excel) that displays compliance status as strong, partial, minimal, or unmapped.

Collaborate with SMEs from legal, risk, compliance, third-party management, and information security to assess the Compliance Map(s) and reach a consensus on any existing gaps.

Your team does these tasks... manually

• Review, discuss, and approve the compliance gap assessment to ensure requirements are covered across compliance artifacts, such as regulations, policies, and controls.


• Update the compliance gap assessment based on jurisdiction, nature, scope, and factors like systems, processes, products, contracts, policies, procedures, and controls.


• Rate the risk level subjectively based on coverage from a single trusted source mapping to specific internal documents.


• Review, edit, and finalize compliance mappings, considering jurisdiction, nature, scope, and the relevant systems, processes, products, contracts, policies, procedures, and controls.

RiskCounts can accomplish this task twice as fast by providing maps with pre-sorted information that your teams can easily review, discuss, and confirm. Teams can also make edits based on their subjective judgment.

Our product empowers your team with AI capabilities that can:

• Initiate the manual review process with a substantial portion of the mapping already completed by AI.


• Utilize rules filter Traceability Maps in the Sankey diagram to display coverage based on specific rules.


• Examine three tabs: 'Mapped Statements,' 'Unmapped Primary Source,' and 'Unmapped Secondary Source.'


• Request the ARIA Co-Pilot to assess recommendations for addressing gaps and prioritizing action planning.


• Provide a confidence rating for the accuracy of the mapping in relation to regulatory changes.


• Enable your SMEs and teams to collaborate on reviews, edits, and acceptance of compliance mappings according to jurisdiction, nature, and scope, as well as systems, processes, products, contracts, policies, procedures, and controls.

Generate issues and action plans within your issue management system to ensure necessary changes are implemented.

Your team does these tasks... manually

• Identify and prioritize actions to address gaps in compliance artifacts and governance documents.


• Log issues and create action plans to assign tasks to the appropriate SMEs.


• Ensure GRC systems are updated with current elements, including risks, controls, and policies.

RiskCounts can accomplish this twice as fast by integrating with your Issue Management systems to populate essential information.

Our product equips your team with AI capabilities that can:

• Provide language suggestions for risks, policies, or contract clauses to address gaps using Ask ARIA Co-Pilot.


• Automatically track remedial actions by integrating with your Issue Management System of Record.


• Seamlessly integrate with GRC systems, enabling auto-population of GRC library elements like risks, controls, and policies.

Ensure that your compliance gap assessment results are accurately represented in your GRC systems or other record-keeping systems with the appropriate business taxonomy information.

Your team does these tasks... manually

• Identify enterprise taxonomy relevant to the compliance assessment, including:
  
  
  
  • Business unit
  
  
  • Risk category
  
  
  • Control category
  
  
  • Products
  
  
  • Services
  
  
• Utilize various methods, primarily manual, to update GRC and other system libraries with the latest mappings.

RiskCounts can achieve this three times faster by creating mappings to your business taxonomy information and keeping it synchronized with GRC systems or other record-keeping systems.

Our product empowers your team with AI capabilities that can:

• Automatically align external requirements with the enterprise taxonomy and/or GRC libraries.


• Ensure your systems display the most current mappings of external obligations across business units, risk categories, control categories, products, services, and other library definitions.