The all-new enterprise solution is the industry’s only for-purpose technology for the submission, approval, tracking and reconciliation of gifts, entertainment, non-cash compensation and political contributions.
RegEd, the leading provider of compliance technology solutions for the financial services industry, has announced the expansion of its Enterprise Compliance Management platform to address the multitude of requirements associated with gifts, gratuities and contributions management. Gifts, Gratuities and Contributions Management (GGC) leverages RegEd’s powerful platform capabilities to enable comprehensive monitoring, workflow-directed task management, real-time alerts to exceptions, and sophisticated hierarchy management to enable firms to drive efficiency throughout the end-to-end tracking of gifts, entertainment, non-cash compensation and political contributions.
“The regulatory environment and customer and investor expectations put firms under significant pressure to monitor, mitigate and prevent employee and sales behaviors that fail to serve the best interest of clients and investors,” commented Ethan Floyd, Chief Product Officer at RegEd. “Tracking gifts, entertainment and non-cash compensation across hundreds to tens of thousands of employees presents a daunting challenge. Fit-for-purpose technology is needed for streamlined management of request processes, compliance monitoring and exception management associated with the firm’s conflict of interest policies.”
The solution centralizes the management of submissions and approvals, enabling compliance managers and other stakeholders to holistically monitor the exchange of gifts, gratuities, contributions, and other non-cash compensation, track the preclearance approval process and identify limit violations. Comprehensive reporting and full audit trails provide valuable documentation to satisfy requests from internal stakeholders and regulators.
Gifts, Gratuities and Contributions is part of a fully integrated suite of for-purpose conflicts of interest solutions, which enable firms to seamlessly monitor, identify and remedy conflicts and code of conduct issues among the firm’s employee population and third parties. The solution suite comprises robust questionnaires modules which can be implemented individually or together, including GGC, Outside Business Activities and Personal Securities Account Management.
RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.
Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.
Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.