INTRODUCTION
If you are looking to embed a new RegTech solution to work alongside a culture of compliance within your organisation, take time to look at ComplySci.
With many years of experience in developing scalable compliance software solutions within national and multinational companies, ComplySci implements tailored solutions to help your organisation manage risk and adhere to UK and EU Conduct Rulebooks. The approach leverages our best practices which have been developed over time and realised in 1400+ successful client implementations.
In creating this guide, ComplySci has developed the following approach to assist its potential UK and EMEA-based clients in their decision-making process. In the first instance, the successful implementation of advanced RegTech Solutions within your organisation will be dependent upon the supplier:
- Understanding your individual business priorities.
- Offering a configurable solution for the Financial Services industry.
- Providing an easily embedded, user-friendly solution.
- Supporting implementation and BAU with wide-ranging support.
You will already know that implementing a RegTech Solution in any organisation may be unsettling for some employees who have become accustomed to an existing process or policy. The ComplySci solution aims to address the key requirements of the organisation by delivering software that is adaptable, easy to use and supports a strong compliance culture that leads to the improved management of risk.
TRUST COMPLYSCI WITH YOUR REGTECH NEEDS
Our configurable, scalable and unique mobilefirst system architecture provides a complete paperless solution to managing compliance activities within organisations of any size.
ComplySci develops RegTech solutions that work in tandem with existing systems and are aligned to your complex organisational structure and procedures. Compliance activities take place in real-time, where non-compliance is notified and reported to defined standards.
ComplySci can implement a centralised software solution to replace existing legacy processes and disparate systems. This could be relevant in evolving operations, during mergers, and in periods of expansion. In our experience, these systems are often reliant on significant manual effort from highly valued business resources. As a result, they are prone to human error.
Irrespective of the size and stage of your company, ComplySci can help streamline your compliance processes to relieve administrative pressure from growth activities and help reduce costs related to non-compliance.
ENSURING COMPLIANCE ALIGNED WITH UK & EU REGULATORY RULEBOOKS
ComplySci has developed RegTech solutions that not only meet all current regulatory objectives but are constantly improved and updated to reflect additional requirements or to improve functionality. Our product update cycle is the most frequent of any vendor in the space, guaranteeing you the most up-to-date compliance system.
Implementing and maintaining ad-hoc compliance activities around these requirements can be time consuming and inconsistent. The ComplySci solution keeps everything in one single source of truth, providing complete oversight by Risk and Leadership Teams across the organisation.
Following implementation, ComplySci software supports your compliance culture by providing world class insights and reporting to assist your teams in their preparation for audits or regulatory assessment.
COMPLYSCI – NOW AND IN THE FUTURE
Choosing and implementing RegTech solutions within your organisation often has three key success factors:
- Ensuring all compliance activities are undertaken in line with internal policies and meet regulatory requirements.
- Ensuring internal compliance activities are responsive, accessible, user-friendly and easily adopted within/across the organisation.
- Ensuring implementation is readily supported and issues addressed, minimising downtime, re-work and periods of increased exposure.
ComplySci has significant experience in configuring our solutions to meet the needs of your organisation. Our international team of developers and support agents are always on-hand to assist with implementation and BAU enquiries.
WORKING WITH COMPLYSCI
We are committed to delivering an exemplary client experience and will be happy to arrange a demonstration of our platforms with your Procurement or Compliance teams. Request a Demo today.
REGTECH SOLUTION BUYER’S CHECKLIST
When choosing a RegTech Compliance Solution, it’s useful to establish your key determinants of success. ComplySci has created this handy checklist to help you choose the right solution for your business.
REGTECH SOLUTION BUYER’S CHECKLIST
ComplySci’s solutions cover all the above capabilities. Schedule a demo today.
Make the Best Decisions When Buying and Embedding RegTech
This UK edition RegTech Buyer’s Guide can help determine requirements and capabilities to consider during your evaluation including:
- What are your “must haves” vs “nice to haves”based on your goals?
- Is the solution focused on the needs of thefinancial industry and have similar customers?
- What can you expect from the provider in termsof tailoring to your needs, implementation and support?