#USA #New York #compliance technology #Salus GRC #Skematic

Skematic Partners with Salus GRC to Innovate Compliance Solutions

In a significant move aimed at enhancing compliance processes for investment managers, Skematic, a leading platform designed specifically for compliance management in financial services, has formed a strategic partnership with Salus GRC. This collaboration promises to deliver modern compliance solutions that address the inefficiencies and challenges prevalent in the industry.

The Need for Modern Compliance

As regulatory demands become increasingly complex, the importance of robust compliance management cannot be overstated. Investment advisers are under constant scrutiny, particularly in areas relating to their Employee Code of Ethics, which covers a wide range of obligations from personal trade surveillance to conflict of interest disclosures. Many firms still rely on outdated methods such as spreadsheets and manual processes, leading to operational bottlenecks and gaps in recordkeeping. This is where Skematic aims to revolutionize the landscape.

Features of Skematic’s Compliance Platform

Skematic's platform has been crafted to digitize and automate compliance workflows, making the process not only more efficient but also audit-ready. The key features of Skematic’s system include:

• - Comprehensive Employee Certifications: Automates the collection of annual, quarterly, and ad hoc certifications from employees, ensuring timely compliance.
• - Personal Trading Management: Integrates directly with broker APIs to streamline preclearance and transaction reporting, reducing administrative burden and enhancing accuracy.
• - Conflict-of-Interest Management: Simplifies the process of obtaining preclearance and managing disclosures regarding gifts and entertainment.
• - Automated Recordkeeping: The system ensures that all documentation is well-organized and readily accessible for audits, providing peace of mind for compliance teams.

Built by professionals with over 20 years of compliance experience, Skematic provides a unified system that links firm-level compliance workflows with employee-level oversight, closing the gaps associated with conventional tools.

A Boost for Salus GRC’s Client Base

Salus GRC boasts an impressive portfolio, advising over 350 financial services firms, including investment managers and broker-dealers. Salus GRC plans to integrate Skematic’s technology into their advisory offerings, thereby enhancing the service provided to their clients. This collaboration is expected to empower compliance teams with sophisticated automation tools that streamline their critical workflows.

Brian Kesselman, Co-Founder and CRO of Skematic, stated, “Compliance programs are becoming more operationally sophisticated, and third-party consultants play a pivotal role in their execution. Partnering with Salus allows us to extend our modern compliance solutions to firms that need it most.”

On the other hand, Salus GRC's founder and CEO, Bill Mulligan, emphasized the value of combining exceptional talent with advanced technology to achieve the best client outcomes. He remarked, “We're committed to pairing top-tier advisory talent with cutting-edge technology to bring significant value to our clients.”

Conclusion

This partnership marks a substantial step for both Skematic and Salus GRC in the rapidly evolving landscape of financial regulation and compliance. By joining forces, they are uniquely positioned to meet the growing demands of the industry, providing investment managers with the tools needed to navigate the complexities of regulatory compliance with confidence. As the financial sector continues to embrace innovation, this strategic alliance is one that many will be watching closely.

For more information on Skematic and Salus GRC, visit their respective websites.