Compare the United Kingdom's Best Compliance Management Systems

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Number of employees

Software guide

What should I consider regarding compliance management systems?

Compliance simply means adherence, and it involves the many requirements that businesses and organizations face today in following laws, regulations, and standards. This can range from the General Data Protection Regulation (GDPR) and ISO standards to financial guidelines such as IFRS16, cybersecurity requirements under NIS2, or new regulations for digital resilience like DORA.

Ensuring compliance is a challenge for most organizations – regulations are becoming increasingly complex, and non-compliance can lead to hefty fines or lost trust. Therefore, a compliance management system is an essential tool for creating control and structure. With the right system, you can automate processes, document your work, and quickly identify risks, making it easier to meet requirements while also working proactively.

A modern compliance management system also helps you build a long-term and sustainable framework for governance, risk management, and internal controls. This way, you can not only meet legal requirements but also strengthen trust with customers, investors, and authorities.

There are many different solutions on the market, and it is important to compare the options to find one that matches your needs. Different industries face different types of regulations – therefore, choosing the right system is crucial for a secure and future-proof operation.

Why is compliance so important?

Today, compliance is a prerequisite for many businesses to function and be able to do business with customers. Regulations and compliance are essential to avoid mistakes or even terminated contracts – and worse, fraud and money laundering. Your work with compliance becomes much easier if you use digital tools or systems that can help automate processes. BusinessWith assists you by listing compliance management systems and compliance tools available in the UK market today. Welcome to find your compliance system or tool today.

What should I know about compliance management systems?

Quick Guide

Quick Guide

What should I know about compliance management systems?

A system helps you stay on the right side of the law and follow regulations. A compliance system is often an integrated system and consists of everything from documents and functions to tools that help a business or organization comply with legal requirements. This is to minimize the risks of harming a customer. Today, a compliance system is a must for a variety of organizations – manually trying to manage compliance is not recommended. Besides ensuring compliance, like other systems and tools – this saves you both money and time, as processes can often occur automatically and without much manual intervention from you. Avoiding headaches is also a benefit to consider. But which compliance management system should you use? How should you work with compliance? Let us at BusinessWith help you – compare tools directly with us, or contact us for assistance and advice.

Description of product features

API

APIs allow the system to interact seamlessly with other systems within the company, allowing data to be seamlessly transformed into databases and other storage locations.

Background checks

Used to review the customer's past history, which helps to form a clearer idea of the type of customer the company is dealing with.

Completed regulations

The system has a standardized approach that makes it easy to meet requirements and targets that are important to the organization's compliance efforts.

DORA

DORA functionality to help you achieve regulatory compliance.

ID identification

Identify customers using ID identification to ensure that the customer is who they say they are and avoid fraud.

IFRS16

IFRS16 functionality to help you achieve regulatory compliance.

NIS2

NIS2 functionality to help you achieve regulatory compliance.

Onboarding

Use the tool to create an onboarding process that is safer for the company and smoother for the client. Secure the most important information about the client and do so using a user-friendly process.

PEP identifications

PEP stands for politically exposed person and PEP identification thus helps the company to identify if clients are in a politically exposed position, which can be important in case of business.

Real-time updates

By continuously monitoring clients and finding out the latest actions that have been taken, the organisation can constantly work actively in client management and act quickly on problematic actions.

Risk assessments

A function that ranks customers according to the risk they are deemed to pose. Contributes to an increased awareness of which clients are worth keeping an extra eye on in order to reduce the risk of involvement in potential problems.

Watch list

Collect all clients in one watch list to quickly and easily see what the client base looks like and what is currently relevant for each client.