LexisNexis Regulatory Compliance

LexisNexis has been recognised as an ABA100 Winner for Product Excellence in The Australian Business Awards 2017 for the research and development of LexisNexis Regulatory Compliance. The Australian Business Award for Product Excellence [PXA] recognises products and services of exceptional quality offering a point of difference from their competitors.

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LexisNexis provides world-class content and leading-edge technology to those who advance commerce, society and justice. Every day, more than five million legal, risk management, corporate, government, law enforcement, tax, accounting and academic professionals in over 100 countries on six continents rely on LexisNexis to inform their decisions.

LexisNexis® Regulatory Compliance is Australia’s most comprehensive legal obligations register and alerting solution. Its core purpose is to empower businesses to take control of their regulatory risk by providing actionable content and practical guidance across all Australian jurisdictions.

Regardless of size, all businesses need to meet their compliance requirements. LexisNexis understands that different organisations operate under different budgetary conditions and have created a solution that can be tailored to meet the needs of our customers. That is why LexisNexis® Regulatory Compliance is available in two formats: enterprise solution & online solution.

The enterprise solution is tailored towards larger businesses that require a full scale, integrated content and software driven legal obligations register. Typically, these organisations manage regulatory compliance as part of an overall Governance, Risk & Compliance (GRC) Program that includes a dedicated compliance team. The online solution is tailored towards smaller businesses. These organisations tend to rely on their industry body to provide them with the latest regulatory changes

It is platform neutral enabling organisations who may prefer to use their existing ERM system to manage their Risk and Compliance programs. LexisNexis can input content directly into an organisation’s existing ERM system via an API. This offers clients flexibility and ensures that the onboarding process does not become a large scale IT project. In the case that businesses require an end-to-end integrated solution of content and software, LexisNexis can work alongside a panel of selected software partners offering a complete package of content and software.

To ensure that LexisNexis® Regulatory Compliance content is customer ready, our rigorous process ensures that content is current, comprehensive and concise. All content is reviewed by the legal and industry experts to ensure that the guidance provided is legally accurate, complete and is applicable in practice.

Organisations are struggling to keep up with the amount of regulatory change occurring in Australia. Not all companies have dedicated compliance managers to manage compliance. LexisNexis also recognises that operational managers and business owners are responsible for ensuring compliance and have created a solution where current and comprehensive legal and compliance content is readily understandable by all parts of the business.

For further information on LexisNexis® Regulatory Compliance go to lexisnexis.com.au

Organisational participation includes private companies, publicly listed companies, multinational subsidiaries, not-for-profit organisations, non-government organisations, educational institutions, franchise systems, partnerships, government departments, government agencies, local government and statutory bodies operating in Australia. Participants are required to complete a written submission for a specific initiative or product. Initiatives can include but are not limited to projects, programs, processes, systems, technologies, developments, ventures and undertakings. Products can include but are not limited to goods, services, devices, equipment, programs, processes, activities, applications, software, cloud-based services, platforms and systems. Entry is open to all domestic and international products commercially available on the Australian market.
Entries are assessed utilising a robust and dynamic framework to ensure that the assessment process is pertinent and objective. The World Business Awards Framework (WBA Framework) is utilised as a structured model of assessment that enables the participating organisations to be benchmarked against world class performance standards. The WBA Framework consists of specialised assessment modules pertaining to the evaluation criteria for each of the award categories. The criteria and sub-criteria provide a robust set of requirements that are used as the methodology for benchmarking and learning among the participating organisations.
The Australian Business Awards are an annual comprehensive awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of business and product award categories. The Australian Business Awards are the national chapter of an integrated, hierarchical leadership program conducted on a national and international level. Eligible organisations participate in the international chapter of the program at The World Business Awards. Conducted annually, The World Business Awards seeks to engage with the world’s business, innovation and technology leaders through a global recognition and knowledge building initiative that is underpinned by the program’s established framework. The program engages with organisations worldwide to benchmark the full spectrum of their products, services and initiatives and to review their business performance. The cycle culminates in the recognition and celebration of organisations that implement world-class business initiatives, projects, products and services.
Organisations that participate are provided with the unique opportunity to benchmark themselves against the top performers globally. The recipients are acknowledged for their achievements and identified as the elite of their industry earning a place amongst a distinguished group by having their projects, initiatives, products, services, contributions and achievements being recognised on a prominent and far-reaching scale. The program provides the ultimate platform for building knowledge, increasing brand awareness, equity, loyalty and retention through increased exposure, recognition and prestige. This establishes a valuable resource that can be used extensively to create opportunities for publicity, positive organisational profiling and heightened brand awareness within the respective industries both nationally and internationally.
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