BasisCode Compliance introduces new software for compliance consultants

Atlanta - 27 October 2015

BasisCode Compliance today announced a new version of its software developed specifically for compliance consultants.  BasisCode Compliance is the industry’s broadest integrated compliance software platform for asset managers, advisors and other financial services firm.   The new software helps attorneys, auditors, fund administrators, accountants and other consultants more easily manage compliance on behalf of their clients.

Enhanced to ease multi-client setup, the BasisCode Compliance™ software centralizes compliance task management, from testing and risk assessment to personal trading and certifications—all within a single platform.  The BasisCode Dashboard displays a consolidated view of action items, enabling consultants to easily analyze and oversee compliance activities across clients.  The BasisCode Portal allows consultants to instantly toggle between client views. 

In April 2015, fund services provider SEI (NASDAQ:SEIC) announced the selection of BasisCode Compliance to centralize management of internal and outsourced compliance functions on behalf of their clients.  This was the first implementation of BasisCode Compliance for consultants.  Titan Regulation has also chosen BasisCode Compliance to standardize and enhance compliance processing across the Chicago-based consultant's clients.

"As a start-up, we were able to work without technology.  However, as we continue to scale and face the challenges of a larger business, technology is crucial," explained Julie Dixon, managing principal of Titan Regulation.  "Now we have a seamlessly integrated set of compliance management tools developed by software experts so we can spend more time providing clients with our expertise.  We are more productive, and our staff can handle more workflow."

In May, BasisCode Compliance was named a finalist in the compliance technology category of WealthManagement.com's 2015 Industry Awards, the first program to honor outstanding achievements by companies that help advisors better manage their businesses through innovation, enhanced service quality or an enriched advisor/client experience.

"We are proud to be on the forefront of software innovation that is enabling consultants to manage compliance more effectively and cost-efficiently, giving them a leg up on competitors," said BasisCode Compliance president and CEO Carlos Guillen. "Now consultants can have vastly improved visibility across their client base while maintaining tangible evidence on behalf of their firm and clients that sound compliance practices are being actively managed."

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