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GenAI tool to simplify regulatory compliance
Developed by GFT Italy
12 June 2024
The Smart Compliance tool simplifies regulatory processes, making them efficient and cost-effective. It automates document review and proactively assists users with recommendations to remediate non-compliant documents.
12 June 2024
Comprehensive Document Compliance Framework
The GenAI solution is applicable to any quality standard, such as regulatory provisions, corporate regulations, standards, disciplinary codes, company policies and numerous other possibilities.
The system consists of three basic components that work synergistically under the guidance of artificial intelligence.
The knowledge base, which consists of a set of documents describing the regulatory framework for conformity assessment. It is a dynamic database that can be continuously extended and updated.
The control rules, a set of predefined criteria that define the degree of conformity with the above-mentioned regulations.
The document(s) to be analysed, which are examined in the light of the control rules and the normative reference documents
Features
Controlled knowledge base
The compliance tool is configured as an open and modular system that can be linked to document archives, software, company repositories or other possible inputs.
This approach allows the framework to be built in an autonomous, secure and controlled manner, avoiding interference from external sources.
The full management of the knowledge base allows it to be modified and updated in total autonomy.
This approach allows the framework to be built in an autonomous, secure and controlled manner, avoiding interference from external sources.
The full management of the knowledge base allows it to be modified and updated in total autonomy.
Customised control rules
Define your own standards for precise results related to your compliance objectives.
The tool allows you to define the controls to be performed on documents through a list of ‘questions’ that can be reformulated according to specific needs.
Being customisable rules, you can act on them by expanding them, modifying them, and testing them to verify the desired level of adherence and accuracy.
The tool allows you to define the controls to be performed on documents through a list of ‘questions’ that can be reformulated according to specific needs.
Being customisable rules, you can act on them by expanding them, modifying them, and testing them to verify the desired level of adherence and accuracy.
Total Score Rating
Receive an overall assessment of document compliance. At the end of the analysis, the system offers a ‘Compliance Score’, allowing you to have a quick overall assessment of adherence to the regulatory baseline and defined control rules.
In addition, the tool provides explanatory details of the score obtained, for an in-depth understanding of the level of compliance achieved and any missing or partial control elements.
In addition, the tool provides explanatory details of the score obtained, for an in-depth understanding of the level of compliance achieved and any missing or partial control elements.
Detail Score Rating
Receive a detailed rating of each individual adherence check performed on your document.
The tool makes it easy to identify which parts of the document do or do not meet the compliance criteria by providing a specific score for each section.
This approach allows you to focus on the segments that require action, optimising the user experience through a correction process targeted at the areas with negative ratings.
The tool makes it easy to identify which parts of the document do or do not meet the compliance criteria by providing a specific score for each section.
This approach allows you to focus on the segments that require action, optimising the user experience through a correction process targeted at the areas with negative ratings.
Remediation Suggestions
For each element of the non-compliant document, using generative artificial intelligence, the tool is able to formulate concrete corrective suggestions to reach the target level of compliance.
This function optimises users' work, significantly reducing the time for document review and correction.
This function optimises users' work, significantly reducing the time for document review and correction.
Document inspection
For each individual inspection carried out on the document, the system highlights and extracts the relevant portions of text, enabling real-time review.
This facilitates the identification and contextualisation of content during the analysis and in-depth analysis phases.
This facilitates the identification and contextualisation of content during the analysis and in-depth analysis phases.
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