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Financial Management and Compliance solutions
Companies are increasingly required to meet new and expanding compliance regulations, including those in the Sarbanes-Oxley Act. A key pre-requisite to Sarbanes-Oxley compliance is the presence of an extensive audit trail, complete with drill-down and drill-around functionality. To avoid penalties, it is imperative for key documents, organizational policies and vital information to be made available for fast retrieval.Infosys' Financial Management and Compliance solutions enable companies to identify, assess and manage Sarbanes-Oxley and USA Patriot Act compliance risks. We help you define and implement agile processes and systems for accounting, financial reporting and management reporting that will improve your competitiveness.
To comply with the USA Patriot Act, insurance and financial services firms are required to establish customer identification programs, suspicious activity reporting procedures and anti-money laundering programs. Infosys offers:
- An end-to-end framework to comply with the USA Patriot Act
- Ability to assess an insurer's gaps with USA Patriot Act compliance through a quick assessment phase
- A methodology and suite of tools that can be adapted for an insurer's Patriot Act Compliance Program
Benefits:
A well planned, executed and managed Financial Management and Compliance program will:
- Improve transparency and increase shareholder confidence
- Reduce business risk and provide better financial predictability
- Allow regulatory understanding and flexible compliance structure with the prevention of penalties and fines
- Result in superior decision making support
Testimonials
“After carefully examining our options, Conseco selected Infosys for this strategic outsourcing initiative because we are confident that Infosys understands the rapidly shifting dynamics in the insurance market, and brings to bear deep technical skills in an innovative service model...”-Russ Bostick,
Executive VP and CIO,
Conseco
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