PwC developed a Regulatory Pathfinder to help Australian businesses track and manage their regulatory obligations.
It was identified that many clients rely on manual, time-consuming, and error-prone processes to navigate the increasingly complex and fast-moving regulatory landscape. PwC estimates the broader burden of regulatory change costs the Australian economy $176 billion annually, or 9.2% of GDP, in lost economic output.
Using generative AI, the Regulatory Pathfinder maps an organisation’s compliance and regulatory obligations, automates and accelerates previously manual workflows, and delivers tailored actions with detailed traceability to underlying obligations. This enables businesses to confidently identify and address compliance gaps while prioritising their risk efforts.