IRCS (Integrated Risk and Compliance Solution) – Where Risk and Compliance meet Automation and Security.
A modern Compliance Solution enables Enterprises to Capture, Control and Monitor all compliance-related activities through the integration of advanced risk analytics functions into a single interface. Our Strategic Partner, Compliance Logics Pty Ltd, has built IRCS to do just this, targeting Responsible Superannuation Entities (RSE), Responsible Entities (RE) and Financial Advisors to manage their AFSL regulatory obligations.
IRCS enables Compliance Managers to focus on their core day to day job by removing the need to undertake manual and time-consuming processes managing compliance obligations, significantly mitigating the risk of missing an update from the Government and/or Regulators and the impact and cost of non-compliance. It proactively protects entity’s AFSL, promoting Compliance Standards, Staff Education and detection of potential Vulnerabilities, Risks and Incidents. IRCS also assists in addressing Compliance activities during the peak times, interacting with Regulatory Authorities and responding to Inquiries, Investigations and other regulatory actions.
IRCS is an all-inclusive Risk and Compliance Management Framework to meet the requirements of APRA Prudential Standards. It is a modern web-based solution to allow AFSL holders to Capture, Control and Monitor compliance-related activities, some of the key features being:
- A powerful Process Workflow engine at its core;
- Built-in Risk and Compliance processes, allowing API integration to internal and external systems –
- Perform the Risk Management function in accordance with APRA Prudential Standard SPS 220;
- Security and User role-based access;
- Compliance calendar;
- Task automation;
- Dashboards for monitoring and reporting; and
- Much more.