How It Works

Step 1:

Intelligently Match the relevant regulations to the business

Maintain an up-to-date database regulations regulatory agencies and enforcement instances and the legal outcome . Provide a comprehensive list of regulations that apply to the business based on factors such as location, company size, and business activities.

Specializing in Connecticut regulatory & enforcement agencies such as:

Connecticut General Assembly, Department of Revenue Services (DRS), Department of Energy and Environmental Protection (DEEP), Department of Public Health (DPH), Department of Banking (DOB), Connecticut Insurance Department (CID), Department of Consumer Protection (DCP), Connecticut Department of Labor (CTDOL), and more.

Step 2:

Quantify the severity of the non-compliance

Determine the potential business impact of non-compliance such as monetary fines, loss of reputation and future opportunities, civil and criminal action.

Estimate the cost of compliance

The resources needed to comply with specific regulations is estimated and business impact evaluated.

Assess the probability of regulation enforcement

Based on available instance of regulation violation and expert input, probability of a regulation non-compliance resulting in business disruption is calculated.

Step 3:

Score the regulation compliance priority based on the severity of non-compliance, business impact probability of non-compliance, and the cost to comply. Then, rank the regulations based on priority so that each business can focus on regulations that can have sever impact, high rate of enforcement and relatively low cost to comply first.