Well-documented corporate scandals and the collapse of several high profile business institutions in recent years have resulted in the creation of compliance programs that are a combination of commercial regulations, industry standards and legal obligations.

Compliance programs demand increased transparency of a company’s management, operations, processes and internal controls. This can be expensive, an additional and unwanted workload, and a distraction from the operation of a business.

Automated Operational Intelligence applications can reduce to a minimum the resources normally diverted to provide transparency for a compliance program. To begin with, an OI control framework will consolidate and streamline the demands of the compliance program, eliminating waste and repetition. The framework can then use the compliance program as a beneficial tool to improve an operation’s internal control effectiveness as well as the overall efficiency of an operation.

OI when applied to compliance programs transforms what could be an exercise in ticking boxes into a constructive, positive process that informs decision-makers and improves operational process.

OI makes a compliance program work for you, rather than the other way around.

For clients obliged to satisfy compliance programs, Flexeye can:

• Design and build control frameworks,
• Automate collection of control information,
• Map the information to control frameworks,
• Derive compliance scores,
• Securely distribute the control information to the appropriate decision makers via personalised reports and interactive dashboards.

Flexeye shows clients how to reduce the costs and resources required for compliance programs and use the programs for the benefit of their business.