Transitioning From Legacy Systems to Modern Regulatory Information Management (RIM) Platforms

Abstract

The Regulatory Information Management Platforms are the subject of the research.
The research has analysed the different benefits and challenges that are associated with
companies transitioning from legacy systems to modern regulatory information platforms
(RIM). The literature review has established the value of RIM in handling regulations
efficiently under the current context. It also reveals how RIM is being impactful in creating
better collaborations among the stakeholders. The handling of compliances and understanding
the legal aspects across different geographies become easier. The system faces the challenges
of acute data privacy and the complexities of migrating data. The use of secure network
systems, data cleansing, and employee training have been suggested for developing a flawless
system.