Autodesk Forma

What is Autodesk Forma?

Autodesk Forma revolutionizes regulatory compliance. This AI-driven tool simplifies complex compliance processes, especially in multi-jurisdictional environments. It efficiently identifies specific regulations relevant to your business, streamlines obligation management, and facilitates proactive regulatory change management, making it an essential asset for firms navigating compliance.

Key Features

• Centralized Compliance Program Management: Manage all compliance activities from one place.
• Customizable Risk Taxonomy: Tailors compliance to specific business risks.
• Powerful Obligation Filters: Easily navigate through obligations and compliance tasks.
• Audit Trail Capabilities: Provides clear records for compliance audits.
• Rule Compare Feature: Simplifies understanding regulatory changes.

Pros:

• Targeted Regulation Identification: Pinpoints only applicable regulations, reducing irrelevant data.
• Automated Obligation Library: Keeps regulatory obligations up-to-date and easily accessible.
• Efficient Regulatory Change Management: Quickly adapts to new and updated compliance requirements.
• Comprehensive Scenario Planning: Aids in understanding obligations for future business expansions.
• Seamless Integration: Facilitates alignment with internal policies and GRC tools.

Cons:

• Complexity in Initial Setup: It may require time to tailor to specific business needs.
• Potential Overreliance on AI: This might lead to less hands-on regulatory understanding.

Who is Using Autodesk Forma?

• Financial Services and Banking: Mitigates compliance risks while controlling costs.
• Consulting and Advisory Firms: Reduces time spent on regulatory administration.
• Mortgage Lenders: Consolidates federal and state compliance requirements.
• Strategic Expansion Planning: Assists in understanding obligations for new markets or products.
• Innovative Application: GRCs and Compliance Technology Integration: Enhances GRC solutions with detailed compliance insights.

What Makes Autodesk Forma Unique?

As an AI-driven compliance tool, Autodesk Forma stands out for its ability to target applicable regulations precisely and automate the management of compliance obligations. Its unique blend of efficiency, accuracy, and adaptability makes it a vital tool for businesses seeking a proactive approach to regulatory challenges.

Autodesk Forma Tutorials:

Autodesk Forma – Design Capabilities

Pricing:

• Monthly Plan: $185 per month
• Annual Plan: $1,460 per year
• Three-Year Plan: $4,380 every three years

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:

Autodesk Forma is an exceptional tool for navigating the complexities of regulatory compliance. Its ability to tailor compliance to specific business needs, combined with efficient management of regulatory changes, makes it a valuable asset for various industries. Its AI-driven features streamline compliance processes and offer strategic planning and risk management advantages.