The Foreign Corrupt Practices Act (FCPA) makes it unlawful to bribe foreign government officials to obtain new business or retain existing business.  In addition, there is a provision that requires keeping books and records that accurately reflect all transactions and to maintain adequate internal accounting controls.

The FCPA is enforced jointly by the Securities & Exchange Commission (SEC) and the U.S. Department of Justice (DOJ).  Importantly, the DOJ is renewing efforts to audit more companies and recent cases have resulting in large fines!  

The problem is that setting forth company policies and guidelines does not ensure that these rules will be followed.  Typically, anomalies are discovered after the fact and require expensive and detailed analysis and investigation that are only further complicated by lack of, or missing, records.  

What is needed are strong internal controls to better ensure that transactions are approved by authorized personnel and a complete record is maintained for audit. In addition, there needs to be a way to automatically check and flag any relevant expense that fails the business rules that operationalize the company's policies in this regard.

A next generation solution

Compliancy Software can help you take a more proactive approach by automating your FCPA related business policies and processes to integrate people, procedures, and documentation resulting in greater efficiency, lower cost, improved auditability, more effective management and improved compliance with FCPA regulations.

The Compliancy Internal Control Management (ICM) is a single platform solution that provides everything you need to automate your FCPA related business processes quickly and easily - without programming!  

Work you have already done can be easily utilized and then transformed via automation for additional benefits thancannot be realized with spreadsheets, project management systems, or electronic documents.

Compliancy Software can help you take the next step for a more effective business and better assurance of meeting regulatory requirements.  The following are just a few of the benefits and capabilities gained with Compliancy.

Improved compliance

• Every step, result, change and bit of data is collected for a complete audit record.
• Complete documentation management with version and change control.
• Automation of notifications, follow-up, and escalation of overdue assignments to enable faster and more effective compliance management.
• Complete documentation of all processes with version and change control for a single, up-to-date working procedures and documents to remove inconsistencies and miscommunication.
• Automated audits and reports to test, verify and report on compliance.

Easier to use, implement and manage

• Web-based for easy access by authorized users from any location.
• Easy utilization of current forms to avoid re-inventing the wheel.
• Visual drag-and-drop process maps for easy implementation of control processes and workflows.
• Pre-defined process templates for quick startup and implementation.
• Individualized Task Routing via email for task owners to eliminate complex system access and reduce the cost of training and support.
• Dashboard access for quick assessment of the current status with complete drill-down for more detail on any task, process or document.
• One-click reporting and easy report customization to fit your specific needs.

Granular access security and electronic sign-off

• Access control for any level of detail to ensure that the right individuals have access to only authorized processes, documentation, and systems.
• Complete routing for approval at any and all levels for electronic signature.
• Organizational chart driven for easier maintenance of access, routing, approval and documentation when personnel changes occur.

Enterprise integration

• Easily integrate data from other applications for a holistic view of systems, people, processes and documents across the company.
• Ability to integrate transaction based workflows for early warning based on data or policy driven rules.
• Ability to integration with current document management systems to avoid redundant systems and cross system change control.
• Ability to integrate forms and processes across divisions and geographies for a complete or filtered view of the status.

Greater value - Better ROI

Be assured of being FCPA compliant while reducing your costs and improving your cycle time, productivity, and your business effectiveness.  Compliancy Software provides the easiest to implement and manage system on the market for sustained compliance at the lowest total cost of ownership.

Our research has clearly shown 20-50% increase in savings versus more traditional methodologies and an increase in 20-30% faster response to issues.  

Contact Compliancy today to learn how we can help you ensure FCPA compliance.

For more information contact us at info@compliancysoftware.com or call +1-919-342-6212

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