In the financial industry, financial compliance has become one of the most talked about issues. The companies that are succeeding are the ones adhering to the new federal regulations concerning financial compliance. To achieve optimum financial compliance, there are a couple of financial compliance software programs that can help a company achieve its goals. This article will discuss financial compliance software programs and the attributes that make these programs useful for financial companies. In particular, this article will discuss how a chief compliance officer can also find benefits from using these computer programs.
One computer program is Compliance11. This is an all around great financial compliance software program. The main point of this program is to consolidate many tasks into a cohesive unit that allows the process of compliance to be run in a smooth fashion at your business. Essentially, this program will help to reduce the costs of your compliance program up to 25%. Can you imagine that one computer program can save your business up to 25% in compliance costs? You better believe it, because it is true with the amazing features of this program.
Compliance11 is a program that reduces the paper management activities of the compliance department in your company. This basically means that your compliance department will have more time to devote to alleviating risk for your company. There is always a trail of audit and financial transaction data coming in with this program. This means compliance officers can fluidly analyze any risk areas your company has that may be in juxtaposition with federal regulations. The program can also depict up to 120 stock markets in over 90 countries. For many financial industries, stock markets are a main point of focus.
For investment companies, Compliance11 automatically checks employees’ trades. The stock trades must run through an analysis and be pre-approved before going into effect. If the trade is denied, then it is forwarded to the correct department for review. Overall, Compliance11 is a great program for any financial business.
A person should look for cohesiveness and organization when searching for the perfect form of financial compliance software for a company. A highly organized computer program can save your company thousands of dollars in compliance costs. Rather than hiring additional people to do menial paperwork tasks, this software can cut costs and do the tasks that a normal employee might have otherwise done.
Save your company costs with financial software programs like Compliance11. After you save thousands of dollars for your company with this program, you will never want to stop using it!