The issue for many firms is that their current processes for policy management are weak. They are built around Word, Excel, Outlook and SharePoint; these tools are not intended to run critical compliance communication processes. They waste time, they confuse and frustrate people and they cost the business money.
ClauseMatch corrects this and brings two key benefits to users:
- Enabling a consistent and efficient framework for creating, updating and distributing internal policy
- Creating connections between documents to provide traceability and oversight of related regulatory obligations, policies, standards and procedures