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RequirementONE: Streamlining Regulatory Change Management

Martin Gorm Pedersen

CEO

Helen Dann

Chief Customer Officer (CCO)


“Unlike competitors, RequirementONE offers rapid implementation and highly productised solutions that are easy to configure and scalable across different industries. This flexibility, combined with a transparent and flexible commercial model, positions RequirementONE as a leader in delivering quick and effective regulatory compliance solutions.

In today's fast-paced environment, the RegTech solutions space is fraught with challenges, including the increasing volume and complexity of regulatory changes, high costs associated with compliance, and the urgent need for rapid implementation of compliance measures. Organizations must continually adapt to an ever-evolving regulatory landscape, which demands substantial resources and swift, efficient solutions. Managing these demands efficiently while maintaining accuracy and compliance is a critical concern for businesses operating in this space. RequirementONE addresses these challenges by offering a highly productised, industry-agnostic solution that includes all regulatory content and provides a collaborative platform for managing changes. This platform's rapid implementation, adaptability, and scalability ensure that clients can quickly and efficiently comply with regulatory requirements, reducing cost and effort significantly.

RequirementONE’s platform is designed to streamline regulatory change management and digitise business processes efficiently. By leveraging standardised “plug and play” solutions based on best practices, the platform can be quickly implemented and configured to meet diverse industry needs. This approach helps clients save up to 80% in cost and effort by reducing manual processes, enhancing accuracy, and ensuring compliance in record time.

A pioneer in the industry RequirementONE stands out in the competitive RegTech market due to its industry-agnostic approach, comprehensive regulatory change monitoring, and collaborative platform. RequirementONE has been recognized in the RegTech100 and AIFinTech100 lists and was named the Best Performer in the Grant Thornton RegTech Awards, solidifying its reputation in the RegTech industry. Unlike competitors, RequirementONE’s rapid implementation and highly productised solutions that are easy to configure and scalable across different industries combined with a transparent and flexible commercial model, positions RequirementONE as a leader in delivering quick and effective regulatory compliance solutions.

The company’s solution instantly transforms manual business processes into digital applications, ensuring seamless integration and automation. This digital transformation provides companies with a single source for engaging with both internal and external stakeholders, facilitating better communication, collaboration, and compliance tracking. The platform’s user-friendly interface and configurable apps allow for easy adaptation to various business needs, enhancing efficiency and stakeholder engagement.

RequirementONE’s unique approach to transforming regulatory compliance through digital innovation underscores its distinct position in the market. The company’s ability to rapidly implement a highly productised, industry-agnostic solution that offers comprehensive regulatory content, and a collaborative platform enables effective management of changes. This results in significant ROI and rapid time to value for clients, highlighting RequirementONE’s capability to address the complexities and urgency of managing regulatory changes in today’s environment.

Recently the team assisted a highly regulated client who had faced challenges in managing frequent regulatory updates across multiple divisions and ensuring compliance across multiple jurisdictions. RequirementONE implemented its platform, providing comprehensive regulatory monitoring and a collaborative environment for tracking and managing changes. The client experienced a significant reduction in manual effort, improved accuracy in compliance reporting, and a faster response to regulatory changes. This transformation led to a 70% reduction in compliance costs and enhanced operational efficiency overnight, demonstrating the impact of RequirementONE’s solutions.

Today, RequirementONE is poised for significant growth, with plans to expand geographically, develop new solutions, and form strategic alliances. The company aims to extend its footprint by entering new verticals and partnering with key players to enhance market reach and execution. By continually innovating and adapting its offerings, RequirementONE is set to maintain its competitive edge and address the evolving needs of the RegTech market. In fact, RequirementONE’s commitment to delivering high-value, industry-agnostic solutions ensures that it can cater to diverse regulatory compliance needs across various sectors. The company's strategic approach to market expansion, combined with its focus on rapid implementation and cost-effective solutions, positions it as a trusted partner in the RegTech space. Moreover, RequirementONE's collaborative platform fosters a culture of continuous improvement and innovation, enabling clients to stay ahead of regulatory challenges and achieve sustainable compliance.