Asset Management: The Holding Company Accelerated Preliminary Compliance Checks by 80%
With BestCompliance.AI, the global investment management firm automated its contract compliance in the initial stage.
80%
Faster Initial Compliance Check-Ups
5m
For Document Review
2-5h
Saved Per One Check-Up
Overview
A global investment management firm needed to speed up its compliance reviews for vendor contracts, investment agreements, and internal documents.
By implementing BestCompliance.AI, the company automated the initial stage of check-ups, accelerating it by more than 80%.
Problem Statement
- The Compliance officers spent up to 5 hours manually reviewing complex documents.
- Due to a heavy workload, Procurement and Investment Managers sometimes had to wait up to 3 days for a checked contract.
- Often 1–2 additional reviews are required before the contract moved on to the approval stage.
- The specifics of the company’s operations require adherence to numerous regulations, which complicates compliance processes.
Solution: BestCompliance.AI allows you to check a document for compliance with all the necessary policies at once:
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The Compliance Officer uploads the extensive internal policy library (global regulatory guidelines, e.g., SEC and FINRA, internal risk frameworks, international data privacy standards, etc.) to the platform.
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The Procurement Manager/Investment Partner uploads the new contract to BestCompliance.AI for a check-up.
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The tool detects possible violations of all policies in minutes.
This video showcases how the Compliance Officer uploads corporate policies into BestCompliance.AI
This video showcases how the firm's manager conducts a preliminary check of the document with BestCompliance.AI
Results
- The initial review cycle is now performed by AI without involving Compliance Officers.
- Due to automation, the first stage of the review now takes up to 5 minutes instead of three days.
- Compliance Officers save 2-5 hours on each document review.
- The preliminary document review process has accelerated by 80%.
Time Spent On Review
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Manually: from 2 to 5 hours of proofreading within a 3-day deadline.
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With BestCompliance.AI: 2-5 minutes without involving Compliance Officers
Conclusion
By integrating BestCompliance.AI, the company accelerated its compliance reviews by 80% in the preliminary stages.
That allows the firm to finalize agreements significantly faster, improving overall efficiency and business results.
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