e.IQ Platform for Legal and Risk Management

Stay ahead using a predictive approach for legal and risk management processes

Popular Legal and Risk Management Use Cases

Legal and Risk Management
Risk and Compliance Automation 

Build a bullet-proof risk and compliance framework for effective fraud detection and sanctions screening.

How it works?
  • Automate export control or sanctions screening checks for prospects to ensure compliance before doing business with them.
  • Responding to regulatory changes and carrying out periodic regulatory filings as needed by industry or region.
  • Build “expert assistants” using conversational interfaces to provide ad-hoc support.
Intelligence in Internal Audit Function 

Adopt a systematic and predictable approach to infuse automation for continuous audit across the enterprise functions.

How it works?

  • Redesign the internal audit process to create automation hooks across the controls landscape including ITGC, O2C and P2P.
  • Convert unstructured data into structured data coupled with document digitization.
  • Implement continuous control testing based on business rules and anomaly detection.
Legal and Risk Management
Legal and Risk Management
Contracts Management

Augment legal teams with “digital workers” for tangible productivity upliftment and improved accuracy.

How it works?
  • NLP based due diligence and contracts review for identification of “red flag” items in counterparty contracts. 
  • Drive contract Standardisation by automating templatized creation of new contracts to avoid deviation from standard terms.
  • Automated contracts novation and repapering of contracts in case of a merger or acquisition.
Regulatory Filings

Eliminate the manual effort involved in tracking regulatory calendars and associated filings.

How it works?
  • Automated government agency approvals and reporting as per regional calendars, for example, labor law compliances.
  • Ensure policy compliance and audit trail across all departments and regions within the enterprise.
  • MIS report generation for functional heads and building conversational interfaces for ad-hoc queries.
Legal and Risk Management

Talk to us today to understand how the e.IQ platform automated the claims processing processes of a corporate to improve efficiency.

Automation of Regulatory Response and Claims Processing

Legal and Risk Management
Client Context

A UK corporate had to respond to regulatory action and provide an automated system for claims processing by its household and non-household customers.

Business Process Area

Claims Validation and Payment posting within Claims Processing.

Value Delivered:

  • 75% Reduction in the BPO team handling claims
  • 90% Straight-through processing of claims
  • 400 Mn GBP worth of claims processed

Are you ready to transform how your business operates?

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