1RS are excited to roll out 2 additional Risk and Compliance modules to ERIC- our integrated GRC solution.
We have implemented the Compliance Approval Module– this module will enable instant, automated workflow and audit trail of requests and approvals of all Compliance related activity from the business and operations through to the Compliance Officer such as:
- Personal Account Dealing
- Conflicts of Interest Management
- Gifts & Entertainment
- Company Policy Attestation
The data in the Compliance Approval Module can also be linked to your rule, risk, control and issue modules enabling you to demonstrate through compliance to your processes and the regulatory obligations.
We have also implemented the Scheduler Module– this module enables any user of ERIC to schedule and monitor completion of any risk and compliance activity, such as:
- Control testing or monitoring
- Committee meetings
- Regulatory Submissions
- Policy refreshes
In addition, the scheduler module allows you to assign activity to others, such as Compliance assigning testing to the 1st Line of Defence.
You can schedule and track reoccurring actions that need to be taken and enable email notification to any relevant user.
Of course, the summary of both new modules has been added to the users dashboard for quick and easy status views. The reporting module has also been updated to include reporting on all relevant data from both new modules.
We believe these additional modules truly make ERIC unique as a fully integrated Risk & Compliance solution.