Start-up and smaller firms may not have a dedicated, full-time compliance team. Instead, compliance management oversight is often the responsibility of a board director. We've found that they value the organisation, workflow and structure of My Compliance Centre and the simplicity of having everything in one place.
System configuration options allow small firms to use simplified functions, suitable for their size and complexity, reducing the compliance burden but ensuring that all compliance tasks are visible and in scope.
Medium sized regulated firms typically have small compliance teams and they are required to carry out a wide range of compliance tasks, frequently changing from task to task during any given day.
My Compliance Centre’s approach works well by centralising compliance management into one place. This gives managers an oversight of the compliance status and team responsibilities, while making it simple to provide colleagues with access to the processes and data that matter most to them.
Large regulated entities often have a more complex compliance infrastructure to navigate. The compliance teams might be based in multiple locations and have many different legal entities or business units. This will likely require a complex hierarchy of data access to ensure confidentiality is maintained, while all staff can access the data that matters most to them.
My Compliance Centre supports complex group structures and compliance teams, using role based permissioning to provide access to just the staff that need it.
Complete transparency and visibility of your compliance management, enhancing the ways in which you think about, identify, and manage your regulatory risk.
Evidences your compliance
My Compliance Centre offers a complete audit trail so that you can easily evidence your compliance to your board and, if they were to ask, the regulators.
Get a bird's eye view or drill down into the detail. With this information at your fingertips, you can be confident that you are on top of everything.
Reduces compliance risk
Ensures your compliance framework keeps pace with regulatory developments. Gives you visibility of all scheduled and ad-hoc tasks and remedial activities.
Single source of truth
One integrated platform so you can be sure to find the information you need, when you need it, without any fuss or version control confusion.
Assign and track testing, monitoring and remediation activities through to completion.
Automated data feed of regulatory developments. Assign, track and manage changes to policies, procedures, systems and controls.
Replace different Excel worksheets with a single system, keeping all your registers in one place.
Manage your entire governance structure, with all key information in one place.
Receive, manage and store compliance enquiries from staff, customers and other stakeholders.
Store your policies, procedures and other key documents with formal version control.
Keep your Senior Managers and Certification Regime on track and get the documents you need.
Track file reviews, manage remedial actions, complete quality assurance and produce management reports.