LONDON and NEW YORK, Feb. 9, 2021 /PRNewswire/ — ClauseMatch, the worldwide regulatory know-how firm automating coverage administration and regulatory compliance at monetary establishments and different regulated organizations, at the moment formally introduced the launch of its Policy Portal. After the primary day of the tender launch of the ClauseMatch portal, the corporate noticed the rapid adoption of the instrument throughout the entire purchasers with the customers of the portal rising from zero to virtually 170,000.
The variety of energetic customers presently engaged on the ClauseMatch Coverage Portal has reached tons of of hundreds inside a number of weeks. The launch of the Portal has skyrocketed the recognition of the ClauseMatch platform amongst new and current purchasers throughout numerous industries. The variety of customers is anticipated to achieve 250,000 by the tip of the primary quarter and to witness extra exponential development of as much as 1000,000 (1mln) customers by This fall 2021.
Talking about Coverage Portal, Michael Rasmussen, GRC analyst from the US says: “In at the moment’s dynamic and distributed work setting it’s completely important that organizations have a single portal for workers to entry and work together with the entire group’s insurance policies. This portal must be extremely intuitive and fascinating to the worker and presents insurance policies of their specific context within the group.”
Anastasia Dokuchaeva, Head of Product at ClauseMatch, commented: “The present disaster has proven that consistency and a single view into insurance policies is totally important for any group working at any stage. The world over, new guidelines and laws are consistently being launched by monetary regulators, and it has change into much more sophisticated to remain on prime of the entire modifications speaking them to staff in a well timed method. Enterprise continuity plans, catastrophe restoration insurance policies are being up to date virtually weekly. Insurance policies scattered in numerous templates, portals, are complicated and could be misunderstood. This may occasionally result in a lack of expertise and compliance publicity. We’re completely comfortable to be of assist to our purchasers introducing this product module because it gives a consolidated and complete repository enabling a proactive method to managing regulatory compliance. We’ll be enhancing the Portal performance all through this 12 months.”
Coverage Portal is designed to be a single real-time up-to-date repository of all disseminated insurance policies and procedures throughout an organisation. It permits staff to entry the insurance policies from throughout the whole organisation at any time. Coverage Portal enables you to shortly talk your newest updates, practice employees extra successfully, and simply monitor compliance. Furthermore, it additionally lets you examine up to date paperwork to older variations, assess and audit compliance, and report the findings.
With plenty of sensible options akin to attestation, studies, the power to filter content material on themes, highly effective search, skill to supply suggestions and viewing exercise, the Coverage Portal delivers an accessible, streamlined and interactive expertise. It really works on any gadget, it is user-friendly and visually interesting.
Utilizing Coverage Portal, it’s potential to create attestations with strict deadlines to implement compliance, obtain better visibility of compliance through the insights person actions (view, obtain, attested), be certain that your paperwork are correctly understood through Questions; retailer all of your launched paperwork in a single place, examine outdated and new variations of launched paperwork so you may simply determine what has modified.
Mark Korshakov, Portal Product Proprietor at ClauseMatch, commented: “It’s a good momentum to launch Coverage Portal. Throughout 2020 many established communication channels have been damaged and tons of of organizations confronted issues with distributing info. Compliance was additionally hit laborious. Launching our product, we set up a brand new approach to talk inside the group: we construct one level of fact, we assist to ship messages throughout the corporate, we give the chance for workers to supply suggestions, we monitor the utilization of insurance policies and work on entire compliance engagement. Each miscommunication might trigger a severe compliance breach and that is why each correctly undelivered message or coverage counts. And I imagine that with Coverage Portal we offer compliance managers with a robust instrument to cowl their wants. We’ve got additionally launched a Cell model so end-users can digest coverage info on the run!”