Regulatory management tool unveiled by Vixio
Vixio, a leading provider of RegTech solutions, has announced the launch of its latest offering, Vixio Workspace. The new tool is designed specifically for compliance professionals and aims to address the challenges they face in managing regulatory changes and complexities.
Mike Woolfrey, CEO of Vixio, expressed his excitement about adding Vixio Workspace to their core offering. The new feature enhances Vixio's existing RegTech platform and is available now.
Vixio Workspace will be an Event Partner at Open Banking Expo USA, taking place at the Hilton Midtown in New York on June 26. You can find Vixio at Stand 9 in the Expo Hall.
The new regulatory management tool delivers highly accurate and targeted regulatory information, enabling compliance teams to stay ahead of evolving legal and regulatory requirements. It aggregates and organizes a vast amount of regulatory content, combining analysis and updates from numerous regulatory sources to provide a single, credible platform for compliance management.
By streamlining the tracking and interpretation of evolving regulations, Vixio Workspace significantly reduces time spent on compliance monitoring, freeing resources for other operational tasks. For example, a related Vixio compliance product cut update times from hours to minutes for a gaming supplier.
The platform is developed by compliance professionals for compliance professionals, with a user-centric design that makes it easy to search by topics, regions, and regulatory themes. Clients report that using Vixio Workspace helps them manage compliance risk confidently and efficiently, turning compliance into a competitive advantage.
Key features of Vixio Workspace include world-class regulatory intelligence, checklists, real-time dashboard, task management, real-time data, attestation, chat function, user management, audit trail, and easy file uploads. The digital audit trail tracks discussions between collaborators and minimises the need for confusing email trails, while the chat function speeds up communication within compliance teams and the wider business.
The real-time dashboard provides a single panoramic view of everything in one place, and the real-time status of tasks and projects. Vixio Workspace's checklists, integrated with precision-driven regulatory intelligence, serve as a single source of truth to action and track compliance initiatives.
The launch of Vixio Workspace comes at a time when compliance complexity has negatively affected company growth drivers, according to 77% of compliance leaders. Compliance teams often face challenges managing actions from regulatory change, involving multiple disparate systems. Vixio Workspace combines regulatory intelligence with task management, eliminating the need for cumbersome copy/paste processes and tracking with spreadsheets.
85% of compliance leaders report that compliance requirements have become more complex in the past three years. The average compliance professional spends 70% of their time on reactionary administrative tasks. Vixio Workspace is designed to ensure compliance teams never miss action items from critical regulatory updates.
One of the standout features of Vixio Workspace is its ease of adoption. The tool doesn't require any IT integration, allowing instantaneous adoption. This is a significant advantage for compliance teams, as it means they can start benefiting from the tool's features immediately.
In conclusion, Vixio Workspace is a powerful new tool that promises to revolutionise the way compliance teams manage regulatory requirements. By combining world-class regulatory intelligence with user-friendly management and operational efficiency, Vixio Workspace is set to become an indispensable tool for compliance professionals.
- Vixio Workspace, a new offering from Vixio, will be an Event Partner at Open Banking Expo USA, showcasing at the Hilton Midtown in New York on June 26.
- Vixio Workspace delivers highly accurate and targeted regulatory information to enable compliance teams to stay ahead of evolving legal and regulatory requirements.
- Key features of Vixio Workspace include real-time data, user management, chat function, audit trail, and easy file uploads, designed to streamline compliance monitoring and enhance operational efficiency.
- The launch of Vixio Workspace comes at a time when compliance complexity has affected company growth drivers, and it's designed to help compliance teams manage actions from regulatory change effectively, reducing time spent on administrative tasks.
