Yordas Hive, The Present and Future of Chemical Risk Management

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Businesses today face an increasingly demanding and onerous regulatory landscape in keeping up with changing regulations, multiple jurisdictions, and numerous regulatory authorities. For many, tracking regulatory changes is a manual process known to reduce efficiency and divert resources from other important business tasks. 

If you are a regulatory compliance professional, you are likely monitoring close to 36,865 regulation changes in any given year. So it’s no surprise that staying on top of chemical inventory regulatory changes and reporting deadlines has become a full-time job. This is why maintaining the highest level of compliance now requires sophisticated software as well as a team of professionals that understands the nuances of regulations. 

Drawing upon our deep understanding of the chemical industry, Yordas Hive was designed to meet the growing market demand for accurate, up-to-date regulatory data for chemical substances on a global level. A highly customizable platform providing daily updates and high-quality data, Hive makes managing regulatory changes easy. This can save the regulatory teams of medium to enterprise-level corporations average time savings equating to 39 working days or 2 months a year! 

Malcolm Stewart, VP for Global Sales and Marketing for the Yordas Group comments, “With the pace of regulatory change expected to continue to accelerate, managing regulatory risk will become increasingly time-consuming. Yordas Hive has become an invaluable tool that demonstrates phenomenal return on investment.”  

Stewart continues, “Our new AI-driven daily regulatory update service puts real-time data in the hands of our Hive users, what's more, with the addition of GRMS2 we give our users a view on the impact of new draft legislation on their business.”  

When paired with GRMS2 and its ability to predict new regulations that could potentially impact any industry, businesses can identify and prepare for future changes and updates. The Global Regulatory Monitoring System for Chemical Substances (GRMS2) was created by the European Automobile Manufacturers’ Association (ACEA) - in partnership with Yordas, to address challenges of environmental compliance brought on by increasingly rigorous legislation, regulations, and standards. With the GRMS2 tool, industry players can track relevant regulations that are being drafted, enabling them to react in time to mitigate risk and gain a critical competitive advantage.

Let us show you how Hive can support you in anticipating, tracking, analyzing, and managing your chemical regulatory challenges. Schedule a short discovery call with our team here: