With Legal Monitoring, changes in legislation, court rulings and other regulatory updates of most importance to an organization, can be identified early on. Combined with the legal expertise of KPMG member firms, new rules and regulations are reviewed and analyzed to help organizations understand the potential impact and best way forward.

The challenge

With globalization, the advancement of the European harmonization process, digitization of the business world and increasingly strict compliance requirements, companies face an ever growing and ever changing landscape of rules and regulations. The challenge for many organizations is how to stay up-to-date. Monitoring these rules and regulations can be extremely time-consuming and can become an insurmountable obstacle, especially where resources are limited. In addition, serious consequences and substantial liability risks can arise for companies who do not take the necessary measures to ensure legal compliance.

KPMG's approach

The cooperation of Legal Horizon and KPMG, brings together legal expertise with an innovative IT solution, allowing KPMG member firm clients to benefit from specialist knowledge across many areas of law in a number of jurisdictions. Legal Horizon's software identifies, organizes and summarizes emerging developments in one clear presentation, showing relevant changes in the law from a global perspective, offering a customized service for companies operating worldwide. To enhance the Legal Monitoring offering, KPMG professionals prepare an expert report on the legislative and regulatory changes, that contains recommendations of potential areas for action.

The result

Organizations have a crucial head start and the time needed to adjust relevant processes within a company. In addition, developments are monitored to support organizations in the development of a long-term legal compliance management system.

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