Governance, Risk & Compliance solutions have historically been the domain of only the largest enterprises, requiring significant financial investment in addition to significant resource commitment.
We are delighted to be able to offer a new solution targeted specifically at SMEs, which replicates and in some instances improves upon functionality normally found only in much larger and more cumbersome solutions. Ideal for the Channel Island financial services sector it is particularly impressive in the areas of enterprise risk, and compliance… topics that are taking centre stage in boardrooms and amongst senior management teams.
In this short video we focus on the main compliance functionality of the software, using as an example the latest AML Handbook. One of the key benefits is the ability to import any standard, regulatory advice or legislation in its original document format, highlighting all relevant requirements within it. These requirements can then be RAG rated to provide a clear indication of degree of compliance, and further interrogated to display owners, associated tasks, relevant policies and any supporting evidence for the compliance as indicated. Subsequently, reports are available summarising the organisation’s compliance status either by standard or in its entirety. Combined, a highly effective way to monitor, manage and demonstrate compliance with any standards.
If you would like to find out more, please contact us for a demonstration.