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EA and BP modeling are both critical for risk management and regulatory compliance, a major concern for financialservices customers like the one above when it comes to ever-changing regulations on money laundering, fraud and more. The Advantages of Enterprise Architecture & Business Process Modeling from erwin.
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The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings that were held during November in lieu of taking place during the Fall Meeting.
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If, for example, a business sets a goal to increase its website sales by 20 percent in one year’s time, meeting that goal will require that different IT and business functions work together. While this use of the role is not currently widespread, it’s easy to see how it could make sense for some businesses.
Business process modeling helps organizations prove what they are doing to meet compliance requirements and understand how changes to their processes impact compliance efforts (and vice versa). This also extends to industry-specific other compliance mandates such as those in healthcare, pharmaceutical and the financialservices industries.
Hubert Saint-Onge has extensive experience as a senior executive at major Oil & Gas and FinancialServices companies. He has extensive experience working with Federal and Local Government agencies, as well as companies in Energy, FinancialServices and Manufacturing. About Preservica.
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