- Activities of the compliance program to be automated.
- All associated information (documents, comments, etc.) to be captured.
- A single system of record for all compliance information.
- Easy retrieval of data for testing or audit purposes.
Often a firm’s founder or general counsel doubles as the CCO. MyComplianceOffice reduces the time these busy executives spend managing the compliance process while enabling them to execute and document a program that meets the firm’s compliance obligations.
MyComplianceOffice documents for regulators and investors that you’ve met your compliance obligations and that you are meeting all the appropriate SEC rules or FINRA rules A Compliance Operations Management System also eliminates the risk of creating a compliance program that is reliant on a single individual. Investors want to do business with firms that reduce risk and demonstrate a culture of compliance.
Yes, many of our clients customize screens and set up rules based on their business needs. MyComplianceOffice is designed to allow other systems link to our product, such as accounting systems, order management systems, email archival systems, CRM systems and Outlook. This allows MyComplianceOffice to act as the hub system centralizing crucial compliance data into a central location for analysis and prioritization.
My Compliance office is a web based service so the set up time is quick and efficient. Our professional services team works with the CCO or firms staff to understand how they are currently handling their compliance program. Once we determine the process, we will upload all information on to MyComplianceOffice. The process typically is 2–8 days depending on the size of the firm.
On-demand software (most commonly called Software-as-a-Service or just SaaS) is a software delivery model in which applications are hosted and managed by a vendor and made available to customers over the Internet. Thanks to the rapid development of these Web-based services, savvy organizations are pushing aside traditional, cumbersome legacy applications in order to realize rapid, tangible business benefits. Software-as-a-Service has proven repeatedly to be a successful and lasting solution for organizations of all sizes and types - from the largest multinationals, to small businesses and non-profits
My Compliance office is a true Software as a Service solution so the set up time is quick and efficient. Our professional services team works with the CCO or firms staff to understand how they are currently handling their compliance program. Once we determine the process, we will upload all information on to MyComplianceOffice. The process typically is 2-8 days depending on the size of the firm.