Legislative Compliance

Launch and maintain vital regulations

On average, how much time does it take you to implement a new piece of legislation? How many staff must get involved? Does it require IT, and if so, does it pull IT away from other production schedules?

With so many laws going into effect—regularly and rapidly—many government agencies put a lot of operational hours and dollars into implementing them. It can be extremely challenging: sometimes involving millions of transactions and hundreds of data points to properly implement. Still, the new legislation has to get implemented, usually quickly.

We support government agencies in making new legislation implementation more of a turnkey process with our leading business rules management system. With our rules system, you can automate the implementation of new laws, as soon as they’re required, without major system upgrades or increasing staff levels.

We also make it easy to maintain legislation rules. So with staff turn-over, a new employee can easily manage and modify rules using our rules system’s natural language tool.

With the FICO Legislative Compliance solution you can:

• Quickly identify the areas impacted by legislative change and make necessary process changes using an advanced rules management systems.
• Implement a rule modification without having to involve IT in a lengthy systems development effort.
• Give your government experts direct access to the rules platform to make required business rule changes quickly.
• Design and implement new strategies quickly.
• Transfer knowledge to new employees with the rules system’s logical language flow functionality.