The Problem
Addressing Compliance Challenges for SMEs: Streamlining Processes and Cutting Costs
A client approached us to target several core challenges that hinder businesses, particularly SMEs. Navigating the complex and constantly evolving maze of regulations, laws, and industry-specific best practices is both intellectually demanding and time-consuming. Hiring human compliance consultants to handle the intricacies of document generation proves quite costly for smaller operations.
Additionally, the traditional manual process of compliance documentation is a recipe for inefficiency, prone to errors, and often demands collaboration across multiple departments like HR and legal. SMEs frequently find themselves at a disadvantage in this compliance arena, lacking the specialized knowledge and resources to completely understand and keep pace with the nuances of their industry’s compliance requirements.
Our Solution
We developed an innovative solution that has following features:
AI-Driven Simplicity
The AI is designed to ask targeted questions about the company, simplifying the process of determining applicable regulations and tailoring documentation accordingly.
Automation
The ability to auto-generate compliance documents (policies, risk assessments, COSHH assessments, etc.) with AI assistance drastically reduces time and effort for businesses.
Knowledge Base
The tool leverages a comprehensive repository of current laws, industry guidelines, and expert-built document templates, ensuring documents are up-to-date and in line with best practices.
Accessibility
The ‘CHAT WITH YOUR BOT’ feature offers a way to quickly generate responses to compliance-related inquiries, disciplinary measures, contract drafting, etc., streamlining many internal processes.
Cost-Effectiveness
The subscription model offers a far more affordable solution for SMEs compared to continuously hiring outside consultants.
Adaptability
The AI’s ability to learn and personalize compliance document output as you use the tool aligns with your business’s specific needs.
The Result
Continuous Monitoring and Update Success
After deploying the solution, we kept monitoring it. Till today we are pushing regular updates to the platform and we’re keeping it updated throughout. Because of our regular service, our client was able to get 3K customers within 2 months. According to customers, the compliance bot is helping them generate compliance documents in minutes and using docs interrogator, they are interrogating hundreds of docs within days.