Finance
Dynamic Global Compliance Management
Enhansa’s innovative ‘low code’ approach revolutionizes traditional programming, emphasizing semantic data for adaptable system architecture. Customizable core logic through PLIE and CSE offers a robust business solution for agile adaptation to evolving landscapes. Note: The theoretical case study demonstrates the potential applications of Enhansa’s building blocks and is not based on actual projects
Problem
International Trade and Commerce
Scenario
Streamlining Compliance Across Diverse Markets
Objective
Demonstrating the vast market potential and transformative impact of Enhansa’s solutions in simplifying complex global compliance management, a scenario often daunting with traditional coding but streamlined with Enhansa’s reasoner technology
Problem context
Businesses operating globally face the monumental task of complying with a myriad range of international trade laws, environmental regulations, and local market standards
Pain points
Navigating diverse and frequently changing regulatory landscapes across different countries
The high complexity and cost of coding custom compliance solutions for each market
Risk of non-compliance due to outdated or oversimplified compliance mechanisms
Solution
Implementation of a dynamic global compliance management system powered by Enhansa’s reasoning technology
Real-time adaptation to changing regulations across multiple jurisdictions
A unified platform capable of interpreting and applying complex legal and regulatory data
Automated compliance checks and alerts to ensure continuous adherence to global standards
Custom N3 Integration
Enhansa’s Semantic Compliance Solutions
Approach and Implementation
Technology utilised
Enhansa components:
PLIE. Policy and Logic Interpretation Engine, consisting of EYE Reasoner and Notation3 (N3)
Hypothetical strategy
Development of a comprehensive semantic database encompassing global trade laws, environmental regulations, and market-specific rules
Integration with business operation systems for seamless compliance monitoring.
Example of N3 Logic Code
Rule for Environmental Compliance Check
@prefix trade: <http://example.org/trade#> .
@prefix reg: <http://example.org/regulation#> .
@prefix ex: <http://example.org/exportItems#> .
# Define Environmental Standards for Countries
ex:USA reg:environmentalStandard reg:LowCarbonEmissionStandard .
ex:Germany reg:environmentalStandard reg:RecyclableMaterialStandard .
ex:Brazil reg:environmentalStandard reg:ToxicChemicalRestrictionStandard .
# Define Material Compliance with Standards
ex:Aluminum reg:complianceRequiredWith reg:RecyclableMaterialStandard, reg:LowCarbonEmissionStandard .
ex:Plastic reg:complianceRequiredWith reg:ToxicChemicalRestrictionStandard .
# Export Product Definitions
ex:Product123 a trade:ExportItem;
trade:destinationCountry ex:Germany;
trade:material ex:Aluminum.
ex:Product456 a trade:ExportItem;
trade:destinationCountry ex:Brazil;
trade:material ex:Plastic.
# Rule for Compliance Check
{
?product a trade:ExportItem;
trade:destinationCountry ?country;
trade:material ?material.
?country reg:environmentalStandard ?standard.
?material reg:complianceRequiredWith ?standard.
} => {
?product trade:complianceStatus "Compliant".
}.
# Rule for Non-Compliance
{
?product a trade:ExportItem;
trade:destinationCountry ?country;
trade:material ?material.
?country reg:environmentalStandard ?standard.
FILTER NOT EXISTS { ?material reg:complianceRequiredWith ?standard }
} => {
?product trade:complianceStatus "Non-Compliant".
}.
Explanation of the N3 Logic
Defining Environmental Standards
The code starts by assigning specific environmental standards to countries. For instance, the USA has ‘Low Carbon Emission Standard’, Germany has ‘Recyclable Material Standard’, etc.
Material Compliance
It defines which materials comply with which environmental standards. For example, Aluminum complies with the ‘Recyclable Material Standard’ and the ‘Low Carbon Emission Standard’
Export Product Definitions
Specific products are defined with their destination countries and materials. For example, Product123 is an export item made of Aluminum, destined for Germany
Compliance Check Rule
This rule checks if the material of a product complies with the environmental standard of the destination country. If it does, the product is marked as “Compliant”
Non-Compliance Rule
This rule identifies if the product’s material does not comply with the destination country’s environmental standard and marks it as “Non-Compliant”
Practical Example
Input
An export item made of a specific material destined for a country with strict environmental standards
Output
The system checks the material against the destination country’s environmental standards and confirms compliance
Empowering Global Compliance Management
Enhansa’s Global Compliance Impact
Expected Results
- Significant reduction in compliance-related risks and operational disruptions
- Decreased need for complex and costly custom coding solutions
- Enhanced agility in responding to international regulatory changes
Advanced Metrics for Success
- 90% reduction in compliance-related penalties and legal issues
- 75% decrease in time and resources spent on compliance management
- High market adoption rate due to ease of implementation and maintenance
Streamline Compliance Globally: Leverage Enhansa’s Innovative Reasoning Technology
This case study illustrates the ease and efficiency of managing global compliance with Enhansa’s reasoning technology that starkly contrasts the traditional, code-intensive approaches, underscoring the innovative edge of Enhansa’s offerings