Next generation compliance platform provides enhanced workflow management tools, additional country specific rules libraries, and other key features for iPM Users
INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced the latest upgrades to iPM Compliance, the company’s next generation compliance platform for iPM Users.
The latest version of iPM Compliance incorporates a number of new features including the ability to create customized compliance workflows at every level of the trading process from order generation and portfolio modelling, through to execution and trade settlement. Additional workflows can be configured at the individual client level, depending on granularity of compliance monitoring required. In addition, iPM Compliance contains extensive libraries of regulatory compliance rules, with a number of recent additions for country specific rules based on INDATA’s continued roll-out of iPM to international clients. iPM Compliance also offers an optional services component, giving clients the ability to outsource custom rule creation and scripting to INDATA staff as part of iPM’s SA (System Administration) outsourcing services.
iPM Compliance proactively monitors pre-trade, post-trade and operational compliance issues in real-time and automatically alerts compliance officers when a compliance issue requires additional or special handling. iPM compliance also provides sophisticated data management capabilities to ensure accurate and timely data for compliance officers. Guided Workflow, a key component of iPM Compliance, allows firms to document and track operational procedures for compliance, trading, and back office events. When Guided Workflow is implemented, all procedures and processes are time-stamped by user and become part of the system’s audit trail, which can be accessed rapidly to demonstrate complete transparency of the investment process. iPM Compliance also provides expanded capabilities for custom rule creation with the ability to back-test rules.
“Acquiring best-of-class compliance technology is at the forefront of many buy-side firms efforts to keep up with changing regulatory regimes,” commented David J. Csiki, Managing Director, INDATA. “The latest updates to our iPM Compliance platform provide iPM clients with the highest caliber software tools and services available, enabling users to stay ahead of upcoming regulations and also demonstrate greater transparency of the investment process to regulatory authorities and investors,” he added.