Overview

HOPEX Regulatory Compliance helps you identify, implement, and monitor regulatory requirements and the corresponding risks and controls.

With HOPEX Regulatory Compliance, you can:

  • Set up a regulatory governance system
  • Promote and strengthen risk-based corporate compliance awareness
  • Reduce compliance-related costs

Key Features

Analysis Phase: Taking an inventory of and describing regulations and internal standards

  • Regulatory requirements, internal standards, and objectives are imported or entered via a graphical interface
  • Content from regulations and standards is easily imported from a third-party application
  • Regulations and internal standards are associated with business processes, IT applications, risks, and internal controls through a graphical interface

Implementation Phase: Distributing information about regulations and internal standards,  and monitoring their application

Communicating regulatory requirements

  • Regulatory requirements and internal standards, policies, and procedures are distributed through a workflow
  • Workflows facilitate collaboration, approval processes, and version control as part of policy and procedure lifecycle management
  • Questionnaires assess stakeholder understanding and awareness of the distributed information

Assessing compliance risks

  • Risks related to the implementation of regulations and standards are checked through assessment questionnaires
  • All information is automatically consolidated into reports

Testing compliance controls

  • The controls used to reduce compliance risks are tested through campaigns

Risk Treatment Phase: Monitoring risks and following up on action plans

  • Reports and alerts tied to performance indicators are used to determine the impact of new regulations and internal standards, identify key issues, and pinpoint any compliance gaps
  • Action plans are created and monitored to deal with detected compliance breaches

HOPEX Regulatory Compliance is integrated into MEGA’s single platform. That means you get enhanced synergies for advancing your business and IT transformation, as well as a clear, common view of key information about your organization.

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