If It Were Law
Replay last year under a proposed rule, price the liability, then rehearse until it takes effect.
The job
When a regulator proposes a shorter deadline or automatic compensation, or leaders weigh a voluntary guarantee, replays the last twelve months under that rule. Prices the liability as a range, finds what breaks, orders the cheapest fixes, and grades the forecast at launch.
The moment
A shorter deadline for handling claims is proposed. The app replays the organisation's last twelve months as if the new rule already applied.
The CFO moves the deadline from 15 days to 5. 61% of last year's 18,402 claims would have breached it, a bill of $31 million, somewhere between $24 and 38 million.
Switching on fixes to two process stages brings the bill down to $6 million.
Eight weeks later, on go-live night, the practice clocks on every open case become the real ones, and the forecast proves to have landed inside its range.
What it does
- Save scenario (pre-register the forecast)
- Add a custom rule to the overnight case-by-case replay
- Commit a stage fix with owner and date
- Notify the stage owner
- Send the brief to regulatory affairs or the consultation response team
- Switch practice clocks to live at go-live
- Open verbatims behind any bar
What you see
Three stages: a rule shelf, a bill of liability with a deadline slider, then a rehearsal with practice clocks and a countdown to go-live
What it moves
The priced liability under the proposed rule in dollars, as a range, the weekly rate of practice breaches brought below target before launch, and how far off the forecast was at launch.
Built for
- Compliance, complaints & legal
- Finance
- Regulators & auditors
