"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
Looking for our 'compliance module' ?
Our compliance tools span the entire enVisual wealth management system providing a comprehensive, failsafe solution for you and your firm. We do not believe this can be achieved using a simple 'compliance module' often provided in other systems.
Take a look at some of our compliance tools below.
Application Intelligence ('AI') rules engine / Alerts
The optional AI pack for enVisual is a collection of user configurable rules which are applied at scheduled times across your database. Rule breaches are reported back to users in a number ways, including:
simple alert flags against the offending entity
proactive generation of tasks / messages to designated users
automatic launching of workflow processes
complete transaction stop
AI rules can also be used by other functions within your firm such as accounting where rules can be used to proactively monitor unpaid invoices or even business development where rules can help identify possible sales opportunities within your customer or prospect base.
If the data is stored, it can be rules validated.
Integrated workflow / process based processing - enProcess.
Our enProcess BPM / workflow module enables the entire data maintenance of enVisual to be driven by workflow. enProcess includes a vast library of common processes which you can modify and add to. Essentially because enProcess is fully integrated with enVisual, workflow can post data that has been validated and approved according to your rules, directly into enVisual ledgers.
Integrated relationships structure. Transparency.
The basic client-centric structure of our CRM module coupled with the auto-building relationships manager (also CRM) provides a fantastic visual tool in identifying potential conflicts of interest within your data set. All entities related to a given company or trust can be visualised, then turn the tree 'on it's head' to see the impact of that individual on your other entities. Simple, powerful and immediate.
Extended data capture - FATCA / CRS
One of the more arduous tasks in compliance is the recording of key client data. Our compliance add-on pack contains a number of specially designed forms and procedures to help record and manage this data.
The compliance forms support the latest FATCA and CRS requirements. The forms were originally designed in the enProcess workflow module and are provided in the compliance pack in read-only form. Naturally the forms can be edited using the enProcess module.
LiveScan - sanction list scanning behind your firewall
LiveScan Professional screens new and existing customers for the purposes of identity verification. Perform ad hoc scans on individual names or on your entire enCentral database as a scheduled batch job.
LiveScan Pro uses one or more watch list databases that are hosted behind your secure firewall, so you needed worry about name and address details of your clients being sent across the Internet.
LiveScan Pro can be provided to screen against International watch lists such as those provided by World Compliance, OFAC, UK Treasury - or any other sanction list.
Other key features;
full batch scan with audit trail
scans can be launched from enProcess
false positives database
automated (stealth) escalation of hits