Compliance program management allows broker/dealers to both automate written supervisory policies and procedures (WSPs) and document their adherence to them, according to a press release.
ACS’ compliance program management service provides small- and medium-sized broker/dealers with the same capabilities for managing compliance requirements that larger firms have, the release said.
The compliance program management service includes document management, workflow with embedded instructions, best-practice compliance templates, e-mail alerts, and sophisticated security, the company said. ACS claims to offer the only compliance program management solution that can be configured and modified by compliance professionals without the assistance of professional IT staff.
ACS said its program can be configured to mirror each broker/dealer’s specific WSPs. “The key benefit to our customers of merging technology and compliance is they are audit-ready at all times while significantly increasing the productivity of their compliance staff,” said Trum Van Middlesworth, ACS managing director.