Regulatory Compliance
Definition
The process of ensuring an organization follows all relevant laws, regulations, and industry standards.
Overview
Regulatory compliance involves understanding applicable regulations, implementing controls to meet requirements, and demonstrating compliance through documentation and audits. Key regulations include GDPR (data privacy), SOX (financial controls), HIPAA (healthcare data), and industry-specific requirements. Automation helps ensure consistent application of compliance controls and provides documentation for auditors. Compliance failures can result in significant fines and reputational damage.
Why It Matters
Compliance failures carry consequences ranging from multimillion-dollar fines to criminal liability for executives. Beyond penalties, non-compliance erodes customer trust, triggers costly remediation projects, and can result in loss of operating licenses in regulated industries.
How New Odyssey Helps
New Odyssey embeds compliance controls directly into automated workflows, ensuring regulatory requirements are enforced consistently at every step with built-in reporting for GDPR, SOX, HIPAA, and industry-specific regulations.
Related Solutions & Use Cases
Workflow Orchestration
Orchestrate complex business processes across systems. Connect people, data, and applications in unified workflows.
Learn moreRegulatory Reporting Automation
Automate the collection, validation, and submission of regulatory reports with accuracy and audit trails.
Learn morePolicy Compliance Monitoring
Monitor compliance with internal policies in real-time with automated detection and remediation of violations.
Learn more