Financial Services

The Challenge is Significant
The challenge within the financial industry in particular is the combination of the volume of governing regulations along with the large number of product lines generally offered by today’s financial institutions.

Like so many financial services companies, your organization may offer some combination of banking business, bonds, mutual funds, brokerage products, mortgages, lending services, and other services – each with its own set of federal laws and in some cases state or province laws or product regulations.

And now, by law, your company’s executive team is responsible and accountable for compliance across the business, in every region, state and country where business is conducted and executives have to personally vouch for the accuracy of financial statements.

There’s a lot to keep up with:

• Managing policies and procedures in a decentralized environment
• Determining who is ultimately responsible for adherence to a given regulation
• Measuring risk on an enterprise-wide basis
• Preparing for your next audit, financial or otherwise
• Ensuring company liability is being attended to in a manner that demonstrates an environment of compliance

And, you must ensure you’re complying with all the laws at the federal and state levels that are applicable to every business entity and product line.

The Solution is Clear
Using Compliance 360, you’re able to organize relevant statutes and regulations – essentially all the laws applicable to your organization – and tie them to the corresponding policy and procedure. The system then links that data into all evidence of compliance – documentation in any format that demonstrates the policy is compliant – and finally associates that documentation back to the business owner or person responsible for the policy. The data is maintained in a centralized repository with online access and visibility.

Every place in the organization where there is a system, process or audit team that works to maintain compliance has immediate, direct access to the evidence or proof that all policy requirements have been kept current and alerts satisfied. All compliance information is stored in one place with the policy and directly associated to the business owner or manager so that when a law changes or is updated, proper notification can be immediately sent to the person who is responsible for managing the change.

With Compliance 360, companies can:

• Organize Laws and Regulations into a centralized repository
• Link all Policies, Contracts, and other evidentiary documentation to relevant Federal and State Regulations
• Have real-time access and visibility to all “Evidence of Compliance”
• Collaborate and conduct surveys with the ability to manage data collection and link results to laws and regulations as evidence of compliance
• Centralize and automate the tracking and management of Contracts, Documents, and Projects
  
  

Rest Easy with Compliance 360
Compliance 360 provides a flexible solution that ensures your business-critical trail of data is captured, secured and available when and how you need it and your executives can rest easy knowing that the documents they certify have been verified, audited and proved.