App Suite > Policy 2.0

Policy 2.0

Overview

End needless documentation & automate your policy monitoring.

Tired of updating business policies that you spend days on only for it to become shelf-ware?

Policy 2.0 breaks down wordy policies into discrete principles which connect directly to business activities. This innovative approach significantly reduces the time spent on policy updates while automating policy monitoring and delivering valuable operational insights.

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Policy 2.0
Problem Statement

Significant effort with little to show for?

A medium sized regulated firm with 30 business policies can spend anywhere between 4 to 12 weeks at the cost of approximately 150k per yr.

The effort spent on updating, monitoring, reviewing, and getting Board approval on policies adds little to the operational realities of the business. In another words, the business is largely no better or worse off operationally after the policy review.

Business challenges:

  • Limited accountability: no clear accountability assigned to individuals.
  • Non value-adding: a document suite maintained for external stakeholders only.
  • No actionable insights: reporting is onerous and often untimely.
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Policy 2.0 Value Proposition
Value Proposition

A fresh approach that automates monitoring.

Policy 2.0's unique approach transforms policies into a list of discrete instructions we call policy principles. Each of these Policy Principles are less than 250 characters.

Each Policy Principle in turn is connected with one or more CORE Elements, where a CORE Element is the smallest unit of business operations (e.g. a business control). This approach significantly reduces the effort of updating policies and automates policy monitoring since the App allows you to link your Policy Principles directly to operational performance.

Business benefits:

  • Enhanced accountability: business activities supporting policies are assigned directly to named individuals rather than teams or committees.
  • Value-add instructions: increased engagement by the business teams with the bite-sized instructions outlined in your policies.
  • New operational insights: one-click reporting on live data for improved decision making through timely insights.
Features

Key features of Policy 2.0.

* Prerequisite: CORE Elements App

Simplify Instructions

Turn your wordy policies into principles that are easy to manage and simple to communicate. You can even tweet them.

Retain Existing Policies

Keep your existing policies for external stakeholders. But we promise once you get used to Policy 2.0, there is no going back.

Connect Operations

Connect Policy Principles with one or more CORE Elements, allowing you to reuse existing business activities to meet multiple principles.

Live Reports

Get live views on the effectively your policy implementation in the business along with potential gaps in your operations in just one click.

New Operational Insights

Discover new insights into your operational activities based on the mapping of your business activities and your Policy Principles.

Workflows & Audit Trails

Reminders for policy updates are managed entirely by the App, with a clear audit trail retained for all edits made as part of the update.

Our App Suite has helped clients reduce their operational overheads by over 30%

See how it can help you gain new insights and achiever operational efficiencies.

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