Financial Services

Financial services organisations are well supported by niche compliance and process management software applications. This does not lessen the risk from prolific use of spreadsheets and calendars as control environments. Many of the organisations do not support these applications and, even if they do, they are unable to ‘manage’ each workbook or calendar content, formulae and updates. These tools are excellent when used as designed but they are not compliance and governance monitoring applications.

UK regulators are likely to follow the Australian example and outlaw the use of such tools for compliance management. Genius Methods’ frameworks fill this space in a robust and auditable manner for risk protection, evidence collation and quick and easy access to information thereafter irrespective of time or people change.