Impact analysis & GAP analysis
During the impact analysis & gap analysis we study the proposed new legislation and identify the steps that you should take before that proposal is finalised
Overview of Impact Analysis & GAP analysis
During the impact phase, we continuously monitor the regulatory landscape and identify key steps you can take to proactively prepare for incoming legislation. In recognising the ever-evolving state of regulations, this is an iterative process, in which we are constantly tracking the latest requirements and ensuring we are offering tailored advice to help you stay compliant.
Our legal specialists are experts at reviewing legislation to determine the scope of the new regulation and how it will impact you. This is complimented by our project and change management teams, who have vast experience in determining how to implement the changes needed for your organisation. Finally, we take this a step further, by offering a strategic review to streamline and reduce the ongoing burden of managing regulation.
Regulatory Update
New regulations can have a significant impact on your business model, products, and organisation. We analyse their impact and support you in making strategic decisions in response to the regulatory change.
High Level Impact Analysis & Gap Analysis
New regulations can have a significant impact on your business model, products, and organisation. We map out their impact for you and support you in making strategic decisions in response to the regulatory change.
Gap analysis
It is important to determine whether the actions required from incoming legislation will result to changes in policies and procedures. We conduct a gap analysis to show you how to get from where you are today, to full compliance.
This will demonstrate the extent to which your organisation complies with (new or existing) laws and regulations and more importantly, what, if anything, you need to do to become compliant and be ahead of the curve.
Often, it can be difficult to determine which parts of existing policies and procedures are subject to change or how to adapt existing products and services; our gap analysis will address all of that.
Regulatory change tool
When implementing a new directive or regulation, steps are often recorded on a large Excel spreadsheet – a confusing process and one that is prone to errors. We are developing a Regulatory Change module, Ruler, which automates and structures this process.
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