Finance

The financial services industry is undergoing a period of significant change, driven by regulatory compliance such as the forthcoming MiFID and Capital Requirements Directive legislations.

These new laws are resulting in a greater focus on providing corporate capability that supports and promotes strong governance systems in management, operations and market activity. However, this does not diminish the importance for companies to maintain a constant focus on improving efficiency and productivity to deliver innovative outputs in an increasingly competitive business environment.

Much of the legislation will dictate what information and records need to be available for inspection, reporting or audit, but will rarely, if ever, advise on how to manage them.

Objective solutions enable effective recordkeeping by ensuring that records are created, stored and maintained in a controlled and auditable environment. For many organisations, accessing different types of records from disparate sources involves long and complex processes. By using Objective, any type of information, physical or electronic, from paper through to video, or from text documents to audio files can be stored within and referenced from a single central content repository. Information can therefore be searched for and located much more efficiently.

Individual departments can also apply their own business processes, whilst giving people access to the information they require from one central location. This provides a more transparent view of the organisation’s information, reduces duplication of work and ensures that accounts are handled consistently across departments.

Managing content electronically also significantly reduces the costs associated with storing physical documents, the amount of time needed to search for information, and the risk of non-compliance or loss. A piece of paper is easy to misplace or destroy, whereas an electronic file can be automatically backed-up and made secure.

Objective solutions provide the following business benefits: Provision of accurate information in line with compliance demands

• Streamlined & consolidated client information
• Improved integrity of all corporate records
• Improved use of resources & productivity
• Increased service capacity
• Improved customer service
• Increased process efficiency
• Improved decision-making capabilities
• Reduced storage costs