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Finance200+ employees4 weeksOctober 2024

Finance Compliance Automation

Client: Premier Financial Services

Key Outcome
90% reduction in compliance errors, full audit readiness

Compliance used to keep us up at night. Now we have complete confidence in our audit readiness and have eliminated nearly all manual errors.

Michael RodriguezChief Compliance Officer

Key Metrics at a Glance

Quick overview of measurable improvements

Compliance Errors
90% reduction
BeforeAfter
15/month1.5/month
Number of compliance issues identified per month
Audit Readiness
Full readiness
BeforeAfter
60%100%
Percentage of audit requirements met at any given time
Compliance Check Time
90% reduction
BeforeAfter
200 hours/month20 hours/month
Time spent on manual compliance checks per month
Audit Preparation Time
85% faster
BeforeAfter
2-3 weeks2-3 days
Time required to prepare for regulatory audit

The Challenge

Understanding the problem we solved

Problem Statement

Compliance workflows manual and error-prone

Key Challenges:

1

Manual compliance checks across 50+ regulatory requirements consuming 200+ hours monthly

2

Human errors in compliance documentation resulting in 15 compliance issues per month

3

Fragmented compliance data across multiple systems making audit preparation time-consuming

4

No real-time compliance monitoring, issues discovered only during quarterly reviews

5

Inconsistent compliance processes across different departments and product lines

6

Audit preparation requiring 2-3 weeks of intensive manual work with 60% readiness rate

Business Impact

Tangible value delivered to the client

Revenue Impact

Avoided $500K+ in potential regulatory fines

Cost Savings

$360K annual savings in compliance operations

Efficiency Gains

90% reduction in manual compliance work

Customer Satisfaction

100% audit readiness maintained continuously

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