Case Study: Australian Unity streamlines DDO compliance and product governance with Skyjed

Australian Unity streamlines DDO compliance with Skyjed using 3 dashboards

Australian Unity, an established financial services company, needed to comply with new Design and Distribution Obligations (DDO) regulations by implementing a centralized product governance framework. Their key challenges included defining new processes, consolidating data from multiple sources, and establishing regular product reviews with audit trails. To address this, they partnered with vendor Skyjed and its product lifecycle and governance platform.

Skyjed implemented its solution to automate Australian Unity's product governance workflows. This included establishing automated product review scheduling, integrating data from various sources, and creating a system for managing Target Market Determinations (TMDs) with version control and approvals. The result was a streamlined process for monitoring and reporting, providing a full audit trail and peace of mind for compliance. A company manager noted the platform made tracking obligations seamless and less complicated than previous methods.

Australian Unity