Client on-boarding/ KYC

The customer onboarding system simplifies the process verifying customers’ identity, assessing risk and managing compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation in most jurisdictions. The system benefits are as follows:

• Various reports are available from the system.
• User friendly.
• Access the Client status at any time.
• Readily available records for legislative purposes.
• Customer Risk Management simplified.

Declaration of Interest (DOI)

The Declaration of Interest (DOI) system automates your DOI process making it simple and effective and allows one to take control of their process.  The systems benefits include:

• User friendly.
• Effectively track declarations.
• Manage real/perceived conflicts proactively.
• Real time reporting.
• Efficient – less time consuming.
• Data is confidential, safe and securely stored.

Personal Information is protected.

System of Quality Management (SoQM)

The SoQM Application can assist your firm meet the requirements of International Standards on Quality Management (ISQM 1). ISQM1 requires the firm to apply a risk-based approach in designing, implementing, and operating the components of the system of quality management in an interconnected and coordinated manner such that the firm proactively manages the quality of its engagements.

The SoQM Application addresses the requirements of the ISQM1 which has been effective since 15 December 2022. This will affect all firms providing assurance services in terms of the International Standards on Auditing (ISAs).

The key benefits are as follows:

• Dashboard summary of risk register
• Editable library of risks and responses
• Customization options to suit your firm
• Allocation and notification of outstanding tasks
• Simplifying monitoring in terms of ISQM 1
• Tracking risk mitigation strategies
• Linking supporting documentation

Finance Approvals for Creditors (FAC)

The Simple Creditors Approval Process Management Software and Approval Cycle Management.

FAC is an approval process software that helps innovative companies to reduce chaos by using our workflow software. When compared to legacy approval management software, FAC is very simple and easy to use.

For small and medium businesses where workflow process often changes dynamically, implementing an internal approval cycle application is often challenging. Added to this, many of the workflow management applications are prohibitive for these companies to purchase. FAC is not only simple and easy-to-use but also very affordable.

In other cases, companies choose a suboptimal approval process tool to automate their approval process wasting significant organisational resources like time, money and resources. Those options become complicated as many people start using the system.

Many approval cycle systems are targeted towards developers rather than end user managers or department heads who face these challenges daily. Among the available creditor workflow management tools, FAC is an approval process tool that is the simplest and most easy to use. If you are looking for a workflow app to automate your creditors process workflow look no further than FAC.

Bank Statement Automated Extraction

The system utilises prebuilt extraction procedures and knowledge bases to help identify and extract bank statement data. It intelligently extracts data that can be used to support banking processes such as expense categorization, lending assessment, know your customer (KYC), anti-money laundering (AML) or fraud. Benefits include:

Trained knowledge bases and dictionaries for the big 4 banks – Leverage a robust library of prebuilt templates to more rapidly capture header and transaction data within bank statements. Further configuration options are available to support more variations of bank statements.

Business user-friendly interface – A simplified user interface supports manual validation of extraction results that may not have been confidently extracted before.