Thomson Reuters Launches Accelus Compliance Manager
Solution to help firms keep up with the growing demands of global regulation
London, 15 March, 2012 -- Thomson Reuters Governance, Risk & Compliance today announced the launch of Accelus Compliance Manager, a single platform that allows firms to track, monitor and understand regulatory changes and connect them to their internal compliance process and workflow. The platform combines Thomson Reuters trusted global regulatory intelligence with its leading software platform for governance, risk and compliance.
Thomson Reuters Accelus Compliance Manager was created in response to customer feedback and is designed to connect the five key stages of compliance identified by Thomson Reuters Governance, Risk & Compliance: understand, evaluate and map regulatory risk; identify, monitor and track regulatory change; define and communicate controls; monitor, test and audit controls; and evidence risk controls to management and regulators.
The resulting solution provides information from more than 230 regulators and exchanges around the world, and can be deployed within an organization to manage the lifecycle of the compliance process, from the notification of a new regulation, through responding to regulatory audits.
The launch of Accelus Compliance Manager comes on the back of the results of a recent Thomson Reuters survey of more than 500 compliance professionals globally who report they are often struggling to keep up with the growing demands of global regulation. Accelus Compliance Manager was developed to address this challenge in association with some of the world’s most heavily regulated organizations.
“The compliance manager’s workflow has reached saturation point. Our customers are hit with thousands of regulatory developments each year and traditional manual approaches are no longer viable,” said Andrew Neblett, SVP, Compliance, Audit and Risk, Thomson Reuters Governance, Risk & Compliance. “Budget constraints also mean departments are continually being squeezed to do more with less. Accelus Compliance Manager will help them support the oversight and operation of their enterprise-wide compliance programs across the business, and deliver improvements in corporate governance, regulatory compliance and the ability to achieve their business objectives faster.”
Commenting on the launch, Mark Schlageter, president, Thomson Reuters Governance, Risk & Compliance, said: “You just need to look at the results of our Annual Cost of Compliance Survey 2012, to understand that the traditional approach to managing compliance and being able to evidence it to the regulators, will no longer scale to meet the new demands imposed by increased regulatory volume and complexity.”
According to Schlageter, the launch of Accelus Compliance Manager builds on the success of Thomson Reuters Enterprise Governance, Risk & Compliance software solutions, designed to reduce the time, effort, and cost that organizations invest in their pursuit of Governance, Risk & Compliance convergence. It also follows the platform’s positioning by Gartner, Inc. in its Leaders Quadrant of the “Enterprise Governance, Risk and Compliance Platforms Magic Quadrant” report, and it underpins the strategy and the vision behind Thomson Reuters Governance, Risk & Compliance business.
For more information about Accelus Compliance Manager, please visit: http://accelus.thomsonreuters.com/accelus-compliance-manager
The Thomson Reuters Accelus 2012 Cost of Compliance Survey can be downloaded at:
Thomson Reuters Governance, Risk & Compliance
Through the Thomson Reuters Accelus suite of products, the Governance, Risk & Compliance business dynamically connects business transactions, strategy and operations to the ever-changing regulatory environment, providing highly regulated firms with informed outcomes.
Thomson Reuters Accelus is a comprehensive suite of solutions specifically built to address the governance, risk and compliance challenges faced by the boardroom, and its legal, compliance, audit and risk management professionals. Comprising leading solutions provided by the heritage businesses of Complinet, Oden®, Paisley®, West’s Capitol Watch®, World-Check, Westlaw Compliance Advisor®, and EDGARfilings, Thomson Reuters Accelus helps customers manage their risk exposure and accelerate their business at every step.
For more information, visit accelus.thomsonreuters.com.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to http://thomsonreuters.com.
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