Crosswise is a Compliance Management System that automatically generates and maintains a dynamic Rules Register based on relevant state and federal regulations for businesses. It provides real-time risk assessments and automated policy creation, enabling organizations to efficiently manage their regulatory compliance efforts and address gaps in their existing policies.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to keep up with the ever-changing landscape of state and federal regulations, leading to potential compliance gaps and increased risk. Manually creating and maintaining a comprehensive rules register is time-consuming and prone to errors.
Solution
Crosswise offers a Compliance Management System (CMS) that automates the creation and maintenance of a dynamic rules register tailored to a business's specific operations and product offerings. By leveraging information about the business and relevant regulations, Crosswise identifies applicable rules and generates a register that is always up-to-date. The system also provides real-time risk assessments based on regulatory updates and the organization's risk appetite, enabling businesses to prioritize their compliance efforts effectively. Furthermore, Crosswise automates policy creation by intelligently drafting new compliance policies based on the rules register and a database of policy statements. Existing policies can be uploaded to Crosswise, which automatically maps them to the rules, identifies gaps, and suggests improvements.
Target Audience
Crosswise is designed for businesses of all sizes that need to efficiently manage their regulatory compliance efforts and minimize risk.
Features
- Automated generation and maintenance of a dynamic rules register based on business-specific information and relevant regulations.
- Real-time risk assessments using public information from regulators and user-defined risk appetite.
- Automated policy creation using the rules register and a database of policy statements.
- Policy gap analysis and improvement suggestions for existing policies.
- Controls library for drafting and mapping controls to rules and policies. (Coming Soon)
- Change management tools to manage the impact of changes in products, regulations, and controls. (Coming Soon)
- Issue management system for creating, assigning, tracking, and resolving compliance issues. (Coming Soon)
- Reporting capabilities for generating compliance reports for various stakeholders. (Coming Soon)