Cosmetic companies always thrive on bringing innovative products to the Global Market, which is proportional to the rising co ... nsumer demands. With the advancement in scientific information, health authorities closely monitor the ingredients used in products to make sure the products are safe for humans and the environment. Cosmetic companies face various challenges to align with the changing regulation, such as reformulation (e.g. Preservative crisis), meeting the different regulatory requirement in multiple markets for same composition, frequently tracking distinct names of ingredients which becomes challenging to enter any Market. Understanding a specific approach requires time and multiple resources; investing in riskier troops sometimes is not valuable. Freyr, as a leading global regulatory service provider company, has launched an ingredient Database platform – Freyr iREADY iREADY is a technology-driven tool that enables brand owners and manufacturers to understand the Global regulatory requirements for their ingredients. This also helps formulators to create and store the formulae in the tool in order to check regulatory compliance. This platform offers the feature of digital formulation assessment with the help of technology. In this platform, the user would indulge in a proactive regulatory approach. iREADY supports the users to implement and execute innovative strategies aligned with the life cycle management of the existing products. read more