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What is Autodesk Forma?
Autodesk Forma revolutionizes regulatory compliance. This AI-driven tool simplifies complex compliance processes, especially in multi-jurisdictional environments. It efficiently identifies specific regulations relevant to your business, streamlines obligation management, and facilitates proactive regulatory change management, making it an essential asset for firms navigating compliance.
Key Features
- Centralized Compliance Program Management: Manage all compliance activities from one place.
- Customizable Risk Taxonomy: Tailors compliance to specific business risks.
- Powerful Obligation Filters: Easily navigate through obligations and compliance tasks.
- Audit Trail Capabilities: Provides clear records for compliance audits.
- Rule Compare Feature: Simplifies understanding regulatory changes.
Pros:
- Targeted Regulation Identification: Pinpoints only applicable regulations, reducing irrelevant data.
- Automated Obligation Library: Keeps regulatory obligations up-to-date and easily accessible.
- Efficient Regulatory Change Management: Quickly adapts to new and updated compliance requirements.
- Comprehensive Scenario Planning: Aids in understanding obligations for future business expansions.
- Seamless Integration: Facilitates alignment with internal policies and GRC tools.
Cons:
- Complexity in Initial Setup: It may require time to tailor to specific business needs.
- Potential Overreliance on AI: This might lead to less hands-on regulatory understanding.
