Developed with input from SunGardâs Protegent customer base, Protegent PTA helps compliance and legal officers create forms on demand, or by using the best practice templates with automated thresholding and analysis capabilities, as guidance in building out internal policies. In-line workflow helps employees acknowledge and confirm the actual contribution details for a complete record of the transaction. Integrated reports track details of political contributions based on jurisdiction, employee locale, candidate, party and political action committees. Creating proactive alerts via the compliance dashboard, Protegent PTA helps compliance take appropriate action and protect the firmâs greater interests. For suspicious activity or overdue reporting, Protegentâs case management functionality creates a portal for online, documented review and consolidation of activity.
Manoj Pombra, chief compliance officer of Matthews International Capital Management, said, âAs a participant of SunGard's Protegent user-group meetings, I provided input to enhance the current SunGard product to comply with the requirements of the new pay-to-play rule. These enhancements, coupled with the current personal trading solution, can help our firm meet the compliance requirements of this new regulation."
Steve Sabin, chief operating officer of SunGardâs Protegent business unit, said, âProtegent PTA is used by leading financial services firms to administer and automate the employee facing component of a firmâs compliance program. This includes tracking political contributions in line with pay-to-play guidelines and outside activity interests. â