​Find out how the Compliance Hub helps you to improve your insight, control and operational efficiency.

new insights

Powerful compliance intelligence

​Improve your oversight, quickly identify potential issues, and perform powerful business intelligence analyses on all of your compliance data.

​The Hub's Compliance Intelligence dashboards capture all of the important activity data and KPIs from the Compliance Hub and present them to you in fully interactive graphical reports.

Some examples of what's possible

Use the controls at the bottom to scroll through example Compliance Intelligence dashboards, including Employee Disclosures, Compliance Monitoring Activities and Complaints Analysis. These reports use live data and are fully interactive with drill down capabilities. They are best viewed by switching to full screen with the controls at the bottom right.

A new generation of compliance management tools

The benefits of compliance automation

background

​Compliance, by its nature, is predominantly a document and process driven discipline and therefore along with other such “back office” functions is often overlooked by firms as a priority for automation. 
 
Unlike other back office functions however, it is one area that impacts every single individual connected to the firm, from employees to non-execs to consultants. In some ways its reach and impact is greater than that of the Human Resources department and it carries far more liability when needing to evidence its implementation.

Case study

​A recent implementation for an asset manager highlighted the issues and the costs that are hidden when manual processes are used.

​The implementation automated the disclosure of personal trades and was tied in with a new policy management solution and an automated employee declaration service. The feedback from employees was that the new process removed a lot of confusion around the sign-off and approval process as this was all now handled via the workflows, and that it greatly reduced the amount of time and effort to get approval.

Challenge

01

The existing process required the individual to print a form from the intranet, walk to the printer to obtain the form, complete the form and then walk around the office to get the necessary signatures. Often the latter required several trips as the signatories were not at their desk the first time.

​Compliance then had to copy the signed form, update their manual registers and then return the copy to the individual. Finally compliance set themselves manual reminders to chase the individuals for contract notes / broker confirms.

Solution

02

All of this was replaced by a single electronic form that the individual completed at their desk, this was then sent for approval using the platform workflows, and finally the individual was emailed the outcome of the approval process.

​The platform auto-reminded the individual to attach their contract note / broker feed and compliance could easily track these via their real-time dashboards.

Results

03

The effect of this was. 

• A reduction in the time and cost for all parties involved in the process.
• Improved record keeping and audit trails.
• Greater clarity across the firm regarding the process to be followed and therefore reduced regulatory risk.

​One final effect was an increase in the volume of personal trade disclosures post implementation - some individuals said they had previously stopped trading due to the time and confusion involved with the old process – or maybe some individuals had just started to disclose their trading again, now the process was easier.