Compliance is a Strategic Advantage
Yes, the imposed compliance workload is growing exponentially in volume and complexity. If you are finding it difficult as a firm, imagine the workload strain it must be creating for your advisors' practices.
Advisor practice management impacts are rarely even considered when the process decisions are made higher up in the food chain. OPUGEN can help you unravel the complexity. We help streamline both your interaction and transaction compliance processes leveraging customized technology to instigate proactive collaboration.
What is critical is to look at the overall business process across all parties in the value chain. How much time do you and your advisors waste on non-compliance that is caused by multiple inconsistent data capture processes? Most spend too much time on not-in-good-order rework to have enough time to focus on ensuring compliance. We believe that improved data capture processes that provide guidance and point-of-sale rules compliance validation will eliminate most of the errors and rework. Capture data once and populate all the forms and systems with previously validated data is our credo. Most of the data is reused 10-20 times during typical advisor processes, so we can all understand why there is a high cost and much frustration within the advisor's own office.
Adversarial compliance processes performed in hindsight can be eliminated for good for all but those that deserve more scrutiny. OPUGEN can unify data capture processes and tie them within compliance oversight processes on an exception basis. Your advisors will thank you for it with their loyalty.
