Brand Damage, Financial Liability, Criminal Charges: The High Cost of Not Meeting Regulatory Compliance Obligations

AI can reduce the cost of regulatory compliance
ehsAI’s next-wave compliance technology uses a patent-pending artificial intelligence (AI) and machine learning (ML) solution to analyze, organize and summarize complex regulatory documents.

Around the world, organizations in every industry have obligations to follow the requirements outlined in various rules, regulations, permits and directives. These requirements outline the way in which a company operates day-to-day, its interaction with the environment and its obligations to the health and safety of its workers.

Regulations can be mandated by any level of government or can be specific within certain industries, with a few important examples being Occupational Safety and Health Act (OSH Act), the Clean Air Act and the Toxic Substances Control Act (TSCA).

When organizations don’t meet their regulatory obligations, the result can be brand damage, financial liability and even criminal charges. For example, Volkswagen has paid billions to settle allegations that it used elaborate technology to cheat emissions tests and deceive customers, while British Petroleum suffered considerable brand and financial damage for its role in the Deepwater Horizon disaster in 2010, which killed 11 workers and caused the largest maritime oil spill in history. Since 2000, the Environmental Protection Agency in the United States has collected over $62 billion in fines relating to noncompliance with environmental regulations.

ehsAI is changing the way organizations manage their regulatory compliance, helping them meet their challenges while continuing to innovate and provide solutions that help meet customer demand. ehsAI’s next-wave compliance technology uses a patent-pending artificial intelligence (AI) and machine learning (ML) solution to analyze, organize and summarize complex regulatory documents.

ehsAI can transform complex regulation permits into precise compliance requirements and generate a comprehensive list of tasks associated with each one. It can create site-specific compliance registers based on applicable industry and government regulations at any level to provide an output document that can be read easily by workers or fed directly into management system software. The result is a way of tracking compliance obligations and schedules that reduces costs by up to 80% by doing in mere minutes what a highly trained team of specialists might require weeks to do.

The latest ehsAI e-book Innovative Compliance: How AI Helps Meet the Challenge of Environmental Regulations provides an in-depth look at the impact of regulation, why it is an important concern for every organization and how ehsAI can help you meet its challenges. You will learn about the following:

  • The most important EHS regulations and standards for your organization.
  • How AI can reduce the cost of compliance and the risk of noncompliance.
  • How ehsAI has helped organizations make compliance easier.

Intelex Technologies, ULC, a leading global provider of SaaS-based environmental, health, safety and quality (EHSQ) management software acquired ehsAI in 2020. With this strategic acquisition of an innovator in the emerging AI regulatory content solution market, Intelex deepens its compliance offerings and further extends its EHSQ leadership position. 

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