Streamline corporate compliance
LONDON, May 22, 2024 (GLOBE NEWSWIRE) — Kim (www.kimdocument.com), A patent-protected, no-code, SaaS document generation, assembly, and workflow automation platform that helps organizations meet regulatory requirements to describe how they use artificial intelligence (AI). 'Usage and Compliance Application' has been launched. their daily work.
On 22 April 2024, the Financial Conduct Authority (FCA) and the Bank of England (BOE) (including the Prudential Regulation Authority (PRA)) published an update on their approach to the use of AI by businesses. All companies need to be able to explain their use of AI to regulators. This includes explaining how risks associated with AI deployment are identified, assessed and managed. Simply put, when asked by regulators, companies must explain their approach to managing risks related to AI.
Kim set up the “Use of AI technology and filing for compliance” is offered as part of a suite of tools for compliance functions in law firms, accounting practices, and financial services businesses. This Web Forms application helps businesses:
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Assess and manage risk.
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Log your AI usage.
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Reports to internal board of directors, governance and audit committee.
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Meet external compliance and regulatory requirements,
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Create an audit trail of reviews and updates.
The Kim application is divided into two sections. The first tab is 'Company Overview', which covers the company's general approach to the use of AI. The second tab, “AI Tools Used,” allows companies to see which AI tools are being used and for what purpose.
Samantha Jeffries“They import it into Kim's instance, they can then populate it with their company details and update it as needed, so it's always available for internal/external audit purposes,” Kim's VP of Sales explains.
This is a living document that must be completed every time a new AI tool is introduced or a company's approach to using AI changes. Kim Each time a web form is submitted, the document (Word and/or PDF) is automatically updated and versioned for auditing and internal and external reporting purposes, ensuring you always have the most up-to-date information. ”
Using Kim couldn't be easier. Once you've created your application (Kim Webform) using Kim's No-Code Wizard, it's time to publish it. When a user clicks on her web form link, the web form link is displayed. This link can be sent via email or embedded into existing systems such as SharePoint, Salesforce, ServiceNow, Workday, and Monday.com. Data is retrieved as the user types. Kim creates records that can generate one or more documents, reports, or update other systems.
Kim's campaign capabilities also enable efficient one-to-many communication with compliance teams and other teams. Upload and create Kim web forms that you want to complete once, send to multiple recipients, and receive responses and data. By incorporating personalized campaign creation, reminders, and comprehensive tracking and reporting, this feature delivers and streamlines compliance, data collection, and information sharing for maximum efficiency. – Please refer to. https://info.kimdocument.com/campaign-functionity.
For more information or to request a demonstration from Kim, please contact Becky Roberts. rebecca.roberts@kimtechnologies.com
About Kim
Kim is a no-code, SaaS, patent-protected document generation, assembly, and workflow automation tool. Kim's enterprise solutions are proven at Fortune 500 companies in legal, compliance, contract management, corporate secretarial, office productivity and other functions.
Kim's business tier allows any department or role in a small, medium, or large organization to take existing Word documents, automate them, and turn them into web applications that can be shared internally and/or externally. Masu. Automate letters, forms, records, checklists, and contracts in minutes with no training, integrate seamlessly with MS Teams, and access from any browser.
Kim holds two patents (see the “Patent Headings” section, Kim's patents: https://patents.justia.com/patent/10817662).
Learn more about www.kimdocument.com.
