Financial & Legal
Financial Workflow Management
Community banks in the US estimate that 11% of their personnel costs are related to financial compliance. But no matter what your line of business is, your company’s finance department must likely deal with a myriad of financial compliance requirements. Examples include GAAP, Sarbanes-Oxley, Dodd-Frank, and SEC regulations.
As a result companies must establish clear procedures and policies for financial workflow management. They must also insure that employees rigorously follow and document them.
Flowtocol can ease the burden on company personnel while creating audit-able records for regulators. Management can rest easy knowing that their financial transactions are in compliance and under control. They can therefore allocate more resources to serving their customers and growing their business.
If your firm provides guidance on financial regulations or tax rules, your clients will surely appreciate a Flowtocol-driven compliance framework. Translate complex regulatory requirements into efficient procedures easily understood by your client’s front line employees.
Your finance department can increase its efficiency with Flowtocol-based procedures. Moreover, they will simultaneously create documented and audit-able records of each transaction. Tailor your Flowtocols to the specific workflows and controls that your organization has established.
Your firm can draft Flowtocols that define their specific investment strategies. They can then be used both internally within your company and made available directly to your clients. Posting them on your company intranet allows you to instantly change your model to adapt to market conditions as necessary.