Our Services
Data Analytics and Automation
We help clients make their compliance efforts more data-driven and automated so that compliance teams can respond to changing circumstances with greater speed and agility.
Challenges
Today’s business climate is marked by the need to operate more remotely and efficiently – all while monitoring compliance risks on a continuous, dynamic basis. This involves reimagining how compliance programs, like the businesses they serve, can apply technology to become more data-driven and automated.
This need dovetails with the latest Department of Justice guidance on evaluating compliance programs, which directs prosecutors to consider the following when evaluating the creditworthiness of a company’s compliance program:
Risk Assessment – Is the risk assessment current and subject to periodic review? Is the periodic review limited to a “snapshot” in time or based upon a continuous access to operational data and information across functions? What information or metrics has the company collected and used to help detect the type of misconduct in question?
Data Resources and Access – Do compliance and control personnel have sufficient direct or indirect access to relevant sources of data to allow for timely and effective monitoring and/or testing of policies, controls and transactions? Do any impediments exist that limit access to relevant sources of data, and if so, what is the company doing to address the impediments?
Third Party Management – Does the company engage in risk management of third parties throughout the lifespan of the relationship, or primarily during the onboarding process?
Benefits
Using data analytics and pre-approval workflow automation software powered by Lextegrity, we help clients who are seeking the following types of benefits:
Expanded use of data analytics to spot fraud and corruption risks in real time.
Stronger remote monitoring, auditing and investigative capabilities to limit the need for business travel.
Increased ease and efficiency of due diligence and compliance pre-approval workflows.
A unified pre-approval platform for managing third-party due diligence; travel, hospitality and gifts; sponsorships and donations; political contributions; and conflicts of interests.
Embedded sanctions and media screening.
Configurable risk scoring, integrated machine learning and sophisticated fraud detection algorithms.
Greater resource coordination among compliance, internal audit and investigative functions.
Next-level compliance program reporting, analytics and KPIs.
Technology tools designed by compliance professionals for compliance professionals.