Automated Regulatory Compliance Manual Generation

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Solution Overview

Problem

Current systems for regulatory compliance are inefficient, prone to errors, and unable to dynamically generate relevant data, leading to significant costs and inefficiencies for companies due to the rapid increase in complex regulatory laws in the United States.

Innovation Solution

A system that uses an attribute-based classification system and intelligent taxonomy structure to query users for specific information, parse qualitative data into instructional strings, and automatically generate regulatory compliance information tailored to a company's operations, including a graphical user interface for task management and real-time updates.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If current manual regulatory compliance processes are used, then companies can identify relevant regulations, but the process is inefficient, error-prone, and costly

Engineering Contradiction:

Improveregulatory compliance processing efficiencyVSAvoidcompliance identification accuracy

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The patent replaces manual mechanical review processes with an automated natural language processing system that uses machine learning algorithms to analyze regulatory texts and identify applicable requirements, thereby improving both efficiency and reliability simultaneously

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables companies to automatically generate their own compliance assessments by inputting their operational data, which the system then processes through the taxonomy framework to identify relevant regulations without requiring external legal expertise

Inventive Principle:

Principle #25Self-service

2Reliability

If comprehensive regulatory analysis is performed manually, then all regulations can be reviewed, but research and transaction costs spiral

Engineering Contradiction:

Improvecompliance coverage completenessVSAvoidresearch and transaction costs

Core Design Contradiction:

ReliabilityVSLoss of energy

Solution Approach 1:

The system extracts only the specific regulatory requirements relevant to each company's operations by comparing company data against the taxonomy framework, eliminating the need to manually review all regulations and significantly reducing research costs while maintaining complete coverage of applicable requirements

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

The patent changes the parameter of regulatory analysis from a static manual review process to a dynamic automated system that adapts to different companies' operational parameters, allowing comprehensive analysis at minimal marginal cost

Inventive Principle:

Principle #35Parameter changes

3Stability of the object's composition

If static compliance documentation is used, then initial compliance can be established, but the system cannot respond to ever-changing regulatory landscape

Engineering Contradiction:

Improvecompliance framework consistencyVSAvoidregulatory change responsiveness

Core Design Contradiction:

Stability of the object's compositionVSAdaptability or versatility

Solution Approach 1:

The patent implements a dynamic system where the regulatory taxonomy and company operational data are continuously updated, allowing the compliance assessment to automatically adapt to new regulations and changing business operations while maintaining a consistent analytical framework

Inventive Principle:

Principle #15Dynamics

Solution Approach 2:

The system incorporates feedback loops where compliance assessments are continuously monitored and updated based on new regulatory inputs and changes in company operations, ensuring both consistency of the framework and responsiveness to changes

Inventive Principle:

Principle #23Feedback

4Adaptability or versatility

If generic compliance systems are deployed, then broad regulatory coverage is achieved, but company-specific tailored compliance information cannot be generated

Engineering Contradiction:

Improvecompliance information customizationVSAvoidsystem architecture complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent segments the regulatory framework into a hierarchical taxonomy structure and divides company operational data into comparable categories, enabling customized compliance assessment for each company while using a standardized analytical approach that manages system complexity

Inventive Principle:

Principle #1Segmentation

Data Source

PatentUS11803884B2System and methods for automatically generating regulatory compliance manual using modularized and taxonomy-based classification of regulatory obligations

Publication Date: 2023.10.31 ASCENT TECHNOLOGIES INC

AI summary

A system is provided for generating compliance manuals from modularized data and taxonomy-based classifications of regulatory obligations. The system comprises a plurality of databases storing regulatory compliance data and a plurality of processors that process the regulatory compliance data to generate business requirements for complying with regulatory obligations and corresponding compliance information related to the business requirements. A taxonomy engine receives business operating parameters related to a first business and identifies a subset of the business requirements and compliance information related to the business operating parameters of the first business. The taxonomy engine further aggregates the business requirements and the compliance information related to the business operation parameters and generates a compliance manual containing the business requirements and the compliance information for use by the first business.