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Governance and Regulatory Compliance

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Manage compliance risks related to audits and investigations with our solution for eDiscovery

In today's business world, companies face an increasing range of regulatory requirements that they must comply with, including those related to tax, fraud, bribery, competition, data privacy and protection, consumer protection, quality, HSE (Health, Safety and Environment), and more. In addition, organizations must be prepared to respond to audits and investigations that are designed to ensure that they are meeting these requirements. These audits and investigations can be costly and time-consuming, and failing to respond to them adequately and timely can lead to significant fines, reputational damage, and legal liability.

One of the biggest challenges that companies face when responding to an audit or investigation is identifying the relevant information that must be produced. This information is most of the time spread across the organization, "buried" in tens of thousands of documents, emails, audio and video files and other records. Finding and organizing this information can be a daunting task, particularly when time is of the essence.

Challenges

  • The inability to identify relevant information efficiently and effectively can have serious consequences for companies. When auditors or investigators are not provided with the required information, they may conclude that the organization is not in compliance with regulatory requirements, which can lead to financial penalties, reputational damage, and legal liability. Furthermore, when companies are unable to provide the required information, the auditors or investigators may become suspicious of the company's intentions and begin to further investigate other areas of the organization.
  • This problem is particularly acute for companies that have large amounts of unstructured data, such as emails, documents, and even audio-video files, as part of the company's records. This unstructured data can be difficult to manage and analyze, which can make it challenging to identify relevant information in a timely manner.

SEEING IS BELIEVING!

Schedule a demo now to experience how SEAL can reduce your costs, transforms efficiency, enhances compliance, and boosts performance. Discover the significant impact our solutions can have on your business today!

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Our Solution - An eDiscovery solution based on SEAL

To address these challenges, we have developed an eDiscovery solution based on our top platform SEAL.
SEAL is an unstructured content efficiency, compliance, and automation platform that is customized for various GRC (Governance Regulatory Compliance) use cases, including eDiscovery. Our solution leverages advanced technologies, such as OCR, speech-to-text, artificial intelligence and machine learning to quickly and accurately identify relevant data across an organization's records.

SEAL empower organizations to respond to regulatory requests more thoroughly, accurately, and cost effectively by:

      • Consolidation of company records from different locations, systems and geographies;
      • Classifying documents and standardizing data model for different file types and formats;
      • Providing AI-based capabilities for relevant content extraction and advanced search functions that quickly find relevant information and provide meaningful insights;
      • Promoting secure collaboration with internal teams and authorized external parties
        (lawyers, advisors, auditors, etc.);Automate tedious, time-consuming document-centric
        tasks.

With SEAL top global organizations in various industries can collect, store, maintain, and dispose compliance-required records and allows companies to respond with swift agility to audits and investigations efficiently and effectively, reducing the risk of financial penalties, reputational damage, and legal liability. Furthermore, by identifying the relevant data quickly, our solution can help companies respond to requests more quickly, reducing the time and resources required to complete the audit or investigation.

SEAL Value Proposition

  • Best TCO – competitive pricing (capacity based) especially for large number of users, fast implementation, rapid user adoption, low maintenance costs.
  • Best user experience – designed for business / non-IT users, focused on simplicity and productivity.
  • An integrated platform for document and process management; Low-code Digital Process Automation – supporting smart workflows, automated tasks assignments following business rules, flexible routing, approvals and case collaboration functionalities leveraging the power of metadata.
  • Open technology – ready-made connectors (SAP, Salesforce, Microsoft), advanced APIs, unmatched support for open standards to simplify integration and eliminate vendor lock-in.
  • Designed for cloud - but offering total freedom: support for cloud, onpremises, and virtualized environments.
  • Top Compliance, Long Term Preservation and e-Signatures – advanced records management with integrated tools to sign, view, and use different types of e-signatures to build and manage a compliant electronic archive.

How it looks like

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Solution benefits

  • Efficiently and effectively identify relevant information in response to audits and investigations, reducing the risk of financial penalties, reputational damage, and legal liability
  • Consolidate company records from different locations, systems, and geographies, thus reducing the costs of (centralized) managing corporate records
  • Automate tedious, time-consuming document-centric tasks, freeing up time for more important activities • Improve overall compliance management by maintaining and disposing of compliance-required records in a structured and organized manner.
  • Promote secure collaboration with internal teams and authorized external parties (lawyers, advisors, auditors, etc.) and reduce the time and resources required to complete an audit or investigation and respond to regulatory requests more thoroughly, accurately, and cost-effectively
  • Classify documents and standardize data models for different file types and formats, utilize AI-based capabilities for relevant content extraction and advanced search functions to quickly find relevant information and provide meaningful insights, thus increasing the productivity and efficiency of the information workers involved in maintaining compliance and those involved in audits and investigations, both internal and contracted staff.

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Product proudly developed by Axivant
At Axivant, we are at the forefront of digital transformation, seamlessly blending advanced content services with automation, intelligent document processing, and efficient SaaS delivery. As a global technology company with proprietary software platforms, we are committed to revolutionizing the management and automation of unstructured content, driving unparalleled efficiency and innovation.
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