Have you ever sent an email or a message and wondered if it could get you or your company in trouble? As businesses continue to embrace technology and electronic communications such as email and instant messaging applications, the risks associated with non-compliance and legal violations have become more prevalent than ever before. In today’s digital age, businesses need to ensure that they comply with ever changing and increasingly complex legal and regulatory requirements while communicating electronically. However, ensuring compliance is easier said than done, especially when dealing with a large volume of electronic communications and increasingly complex and rapidly changing regulations.
Enter Lexverify, the artificial intelligence (AI)-powered assistant that can help you achieve real-time, proactive compliance at scale. Lexverify’s AI-powered assistant helps companies prevent legal and compliance risks on their electronic communications in real-time, making risk prevention on electronic communication as easy as spell checking. Lexverify uses advanced natural language processing (NLP) algorithms to monitor and analyse electronic communications, such as emails and instant messages, in real-time. Lexverify checks for a range of potential risks and provides suggestions to employees on how to mitigate them before they become an issue.
Now, you might be thinking, “why do I need something like this? I already have Legal and Risk & Compliance teams in my company.” First, given the sheer volume of electronic communications nowadays, it is virtually impossible for a human to scan every single email or message that goes out for potential risks in real time. This is why Legal and Risk & Compliance teams normally only find out about issues after they have occurred, which is when all they can do is help mitigate the negative consequences and minimise the impact on the company.
On top of that, traditional compliance training simply does not prevent all the breaches that can occur—think about compliance training often being seen as no more than a box-ticking exercise. Plus, training, even if regular, tends to be forgotten quickly. Lexverify provides continuous development support to employees, helping them to improve their understanding of legal and compliance issues through ongoing training and guidance. With Lexverify, employees can quickly identify potential risks and take action immediately, before they hit the send button. They also learn from mistakes and improve their communication skills over time. This is especially important for companies operating in highly regulated sectors and can save a lot of time and money in the long run.
By doing all this, Lexverify also helps Legal and Risk & Compliance teams to focus on more critical business issues instead of spending all their time dealing with preventable risks or firefighting the negative consequences when things go wrong. So, one of the key benefits of Lexverify is that it helps companies save valuable time and money—think about the potential legal costs or regulatory fines if something goes wrong.
And let’s not forget about the importance of protecting your company’s reputation. Nowadays, one wrong email or message can damage a company’s reputation, and it can take a long time to recover. By proactively mitigating potential legal and compliance breaches, Lexverify ensure that your company stays professional and compliant.
Lexverify’s AI-powered assistant is an essential tool for businesses that want to remain compliant in today’s digital age. Lexverify can help your company achieve proactive compliance at scale, saving you time and money, protecting your reputation, and providing continuous development support to your employees. Why not give it a try and see how Lexverify can benefit your company?
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