Collaborative Compliance
Take Control of
Compliance Governance
Take Control of
Compliance Governance
If you run a financial institution, you have to manage compliance risk, something that has a direct impact on your earnings. The risk results from failing to meet the laws set out by regulatory bodies, as well as during the re-execution of the compliance process life cycle when policies are revised, which they periodically are.
Some of the subsequent challenges include:
Manual Processes
Inability to reuse
Disconnected
Function
Lack of visibility
Reactive Resolution
Unplanned Execution
This is when Collaborative Compliance comes into the picture. When faced with compliance risk, you require a one-window solution that brings disconnected functions on the same page for review, verification, and reporting among other things. Detailed insight into the exact stages of the compliance process and the foresightedness to predict upcoming issues and indulge in their proactive resolution become an inevitable need. And that is a need Collaborative Compliance fulfills.
A robust and dynamic IT-enabled framework designed masterfully by the experts at Skill Orbit, it greatly simplifies the process of implementing compliance policies on a regular basis. It empowers you to seamlessly map observations with internal processes and systems through a streamlined workflow while making use of analytical reports to take proactive, well-informed decisions.
User Management
Analytical Dashboards
Case Management
Policy Dictionary
Workflows
Control Testing
Activity Monitor
Reporting
Escalations
Policy Parser
Collaboration
Mobile
Simply put, the innovative software transforms cumbersome manual processes into a streamlined collaborative engagement across all business segments involved in the compliance policy implementation lifecycle – just what you need!