In addition to supporting the business strategy of an organisation evolving with growth into new products, different markets, digitalisation, meeting customers’ expectations, and pressure to drive revenue, the Compliance Function now has the new challenges of implementing DORA regulations.
The sheer volume of regulatory requirements with high punitive and reputational implications for non-compliance and the need to demonstrate compliance can seem overwhelming.
Here is how ERIC can help a Compliance function implement DORA in a simple and effective way:
- ERIC comes with all DORA regulations preloaded and we have rule updates automatically fed through to ERIC see how 1RS REG COMPLIANCE
- ERIC comes with standard best practise risks and controls for managing the DORA regulations – giving you a good quality efficient risk and control data model
- Simple Gap Analysis – Map the DORA rules to your risks & controls to demonstrate your compliance with regulations
- All tests of controls can be scheduled, and allocated to the relevant individual ensuring you can record the effectiveness of the control.
- Record any issues, audit points, risk events or adverse information that could impact DORA compliance & manage all action plans
- Produce DORA risk and compliance MI at the touch of a button
With ERIC, your organisation will be able to meet the existing DORA and future regulatory obligations and avoid expensive remediation.
For a demo of how we can help you with DORA compliance, go to: www.1rs.io
