Ascent RegTech
What is Ascent by RegTech?
Ascent is a dynamic regulatory compliance software designed to simplify compliance processes in complex, multi-jurisdictional environments. It precisely identifies relevant regulations, custom obligation inventories, and a suite of tools for comprehensive regulatory management. Ascent focuses on ensuring compliance while maximizing efficiency and scalability.
Key Features:
- Tailored obligation inventories for precise compliance.
- Rule Compare for understanding regulatory changes.
- Horizon Scanning for a comprehensive view of regulatory requirements.
- Scenario Planning for future compliance strategies.
- Audit Trail for transparent compliance management.
Pros:
- Simplifies navigation through regulatory complexities.
- Offers up-to-date, tailored obligation inventories.
- Includes a Rule Compare feature for easy understanding of regulatory changes.
- Provides powerful scenario planning tools.
- Enhances compliance efficiency and scalability.
Cons:
- It may require initial setup and familiarization.
Who is Using Ascent?
- Banking institutions dealing with multi-jurisdictional regulations.
- Consulting and advisory firms seeking efficient compliance management.
- Mortgage lenders need detailed state and federal compliance.
- GRCs and compliance technology companies.
- Non-profit organizations require regulatory compliance without extensive resources.
What makes Ascent Unique?
Ascent stands out with its ability to streamline complex compliance processes through precise regulation identification, customized obligation mapping, and an integrated suite of tools, transforming compliance into a competitive advantage.
Pricing:
Detailed pricing information is available upon contacting their sales team.
How We Rated It:
- Accuracy and Reliability: 4.5/5
- Ease of Use: 4.0/5
- Functionality and Features: 4.5/5
- Performance and Speed: 4.5/5
- Customization and Flexibility: 4.0/5
- Data Privacy and Security: 4.5/5
- Support and Resources: 4.0/5
- Cost-Efficiency: 4.0/5
- Integration Capabilities: 4.5/5
- Overall Score: 4.3/5
Summary
Ascent is a comprehensive solution for businesses navigating complex regulatory landscapes. It offers tailored compliance tools that make it easier to stay ahead of regulations, ensuring efficiency and scalability. Despite a need for an initial setup, its range of features and customization options make it a valuable asset for various industries seeking regulatory compliance solutions.