OpenRegTech provides a free visual developement environment and runtime for Traceable Reporting Language.
Other organisations are welcome to make their own tools for the language also.
Other organisations can customize the free tools adding value according to their expertise such as faster runtimes, better looking user interfaces, or integration with their own products such as regulatory report submission to regulators.
Other organisations can provide commercial support for their custom tools for running programs written in Tracebable Reporting Language.
What problems are addressed by the free tools for Traceable Reporting Language?
Problem: Not everyone can contribute to and review executable regulatory logic
By providing good quality free tools, anyone can use Traceable Reporting Language to describe and run programs in Traceable Reporting Language, and contribute to and review open regulatory logic, with no cost.
Problem: Large organisations often want their regulatory solutions to be supported by large organisations, which can lead to vendor-lockin
By allowing large organisations such as technology vendors and consultancies to create their own IDEs's and particularly their own runtimes for Traceable Reporting Language, this provides regulated organisations with the option to have commercial support with large organisations, yet still avoid vendor lockin if they are using open source logic written in Traceable Reporting Language.