San Diego, CA (PRWEB) June 24, 2012
The document management platform provides templates for creating written supervisory procedures and disaster recovery manuals via a web-based platform. In addition to its libraries of customizable commonly used form letters, agreements, reports and other documents for broker dealers and investment advisors.
Manuals and other documents may be easily edited using Microsoft Word or HTML. Once completed, the Client should download and save copies of all of their manuals and other documents for internal use. Demonstrations of these processes are available on our website.
The document management platform allows users to distribute documents, have recipients electronically acknowledge they have read a document and track the entire process. Users can also create their own repository by uploading additional forms, documents and manuals.
“In the financial services industry rules change and new rules are constantly being introduced so manuals are updated frequently. In the past we worked with a system that relied solely on an HTML editor, which we found less than ideal for extensive editing. The learning curve for users is also not as steep because users spend the majority of their time editing in Word which is typically a familiar environment,” said Chris Kosifas, President, of Business Compliance Partners.
Regulators generally require that financial services firms establish and implement written policies and procedures as well as adequate contingency and disaster recovery plans appropriate to the scale and scope of their businesses.
Written supervisory procedures must be reasonably designed to enable the firm and their supervised persons comply with applicable rules and regulations and must include standards of business conduct that reflect the obligations of the firms and its supervised persons.
Disaster recovery manuals must be designed to enable firms to meet obligations and continue to communicate with clients, supervised persons, regulators, counter-parties and other business associates in the event of an emergency or significant business disruption.
“The manual for broker dealers is just the next step towards realizing our vision to create an integrated cloud based audit and compliance management platform for firms in the financial services industry.
Business Compliance Partners is competing for eligibility to win for one of the twelve $250,000 small business development grants sponsored by J.P. Morgan Chase and LivingSocial. If we win it would accelerate our platform build out.
We have taken to social media to encourage our supports to go to https://www.missionsmallbusiness.com/ and use their Facebook login, search for Business Compliance Partners and cast their vote for us,” said Kosifas.