Solutions
Compliance Screening and Monitoring
A company operates within the European Union and is subject to new sustainability legislation. The company seeks a solution to ensure compliance with these regulations and to monitor their supply chain for any regulatory incidents, third-party issues, and potential breaches to stay ahead of regulatory challenges.
- Ensure Compliance: Achieve and maintain compliance with local/EU/country sustainability legislation.
- Risk Mitigation: Monitor the supply chain for any regulatory incidents, third-party issues, and potential security breaches.
- Proactive Management: Stay ahead of regulatory challenges by being able to quickly respond to compliance issues as they arise.
Approach
SV’s system collects data from hundreds of thousands global web-based sources, ensuring comprehensive coverage of regulations that could impact the company’s operations. Using multilingual machine learning and AI, we analyze this enriched in near real-time data, focusing on identifying and alerting on incidents that could represent compliance risks. We also provide the analysis of historical data to track past compliance and identify recurring issues or trends that need addressing.
Deliverables
- Near real-time data access: Real-time alerts on all events that could affect the client’s supply chain operations including regulatory incidents, third party issues or potential security breaches.
- Enriched screening data feed: Detailed and actionable historical insights with all global compliance-related events related to the entity of interest, with coverage spanning five years and completion within 24 hours of triggering a screening request
- Client interactive dashboard: Providing AI/LLM analysis and summarization with hourly updates.
- Client unique reporting: Based on client requirements.
Key benefits
- Reduced Risk of Non-Compliance: Client significantly decreases the risk of penalties or fines by ensuring all regulations are consistently met through continuous and historical monitoring.
- Enhanced Decision-Making: Client can make informed decisions quickly by utilizing real-time and historical data feeds, allowing them to adjust practices or address issues that could lead to non-compliance.
- Operational Efficiency: Client improves operational efficiency by streamlining data monitoring and analysis, reducing the time and resources spent on compliance checks and regulatory tracking.
