Compass

Identifying, managing and reporting compliance risk consistently and dynamically throughout an organisation has always been a labour-intensive challenge, especially in complex organisations. Now it’s even harder. Compliance risk profiles and the performance of compliance controls change unexpectedly. New risks crystallise at short notice. Regulators demand increasing formalisation of processes and reporting.

aCCelerate Compass enables compliance leaders to:

• consolidate compliance risk profiles and view them changing dynamically across businesses and jurisdictions,
• examine and model the cost and effectiveness of compliance controls and
  monitoring,
• modernise compliance management reporting.

Some key benefits:

• Configure and map centrally-defined common compliance risks and controls to your own organisational structures.
• Add firm-specific risks and controls at any level.
• Produce real time multi-level reporting on risks, controls and profiles to a firm-wide common standard.
• Bespoke web-based event form to ensure events are reported, recorded, prioritised and managed in real time.
• Assess the effectiveness and value of single controls on multiple risks and multiple controls on a single risk.
• Use detailed workflow to record, track, and chase actions.
• Improve your firm’s compliance targeting, eliminate duplication and deliver significant business benefits.

Compass is a risk management & compliance solution of Chase Cooper, a Dion Global Solutions company.