We’re delighted to announce the first of our two new exciting additions to our practice management software.
Ongoing due diligence
Recognising the ongoing challenges that firms face with risk assessments, Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, our new ongoing due diligence feature is going to be a welcome addition.
Designed to help firms throughout the client lifecycle, once onboarding is complete, this new feature conducts continuous and regular checks to help minimise the risks of non-compliance.
Maintaining KYC and AML compliance isn’t something needed once during the onboarding process, it is needed continuously, and due to its perpetual nature, it can be overlooked.
We understand that for many accountancy firms, ensuring that all client information remains up-to-date and compliant with changing regulations can be both resource-intensive and challenging.
This continuous effort, if not managed properly, can leave firms exposed to unnecessary risks, including regulatory fines, reputational damage, and missed red flags in client behaviour.
Our ongoing due diligence feature directly addresses these challenges.
By automating the continuous monitoring of client information, we can now help firms stay up to date with compliance obligations, making it easier to detect and mitigate potential risks before they become serious issues.
The new ongoing due diligence feature is integrated into our existing client onboarding platform, which is increasingly being adopted by accountancy practices for its ability to streamline onboarding processes, improve efficiency, and ensure consistency across operations.
The addition of this feature further strengthens our platform’s offering, providing a fully end-to-end compliance solution – from initial onboarding through to ongoing client management.
For more information on the new ongoing due diligence software, or to book a demo, please contact us today.