Lextegrity has developed an innovative solution for compliance officers.
CHICAGO (PRWEB) December 03, 2020
On December 1, 2020, Le Cercle de la Compliance, France’s premiere organization of compliance professionals focused on compliance risk management, announced Lextegrity as the 2020 winner of its Smart Compliance Award, for its innovative compliance automation and data analytics software solution.
The Award recognizes especially creative and impactful contributions to compliance that transform the way that risk is managed by companies. It is granted each year by a jury composed of senior executives of Le Cercle and senior compliance professionals and consultants.
Le Cercle received 15 applications for the 2020 Award and selected Lextegrity, by a unanimous vote of the jury. Lextegrity’s software, developed by former senior in-house compliance lawyers and auditors, provides global companies with state-of-the-art technology for mitigating risks related to fraud, corruption, conflicts of interest and sanctions globally. It uses advanced workflow automation and data analytics to pre-approve spend and diligence third parties and then continuously monitor spend from enterprise systems for compliance risk.
“Lextegrity has developed an innovative solution for compliance officers,” said Catherine Delhaye, President of Le Cercle. “Available in French and hosted in Europe, this compliance platform is both powerful and user-friendly. According to the Smart Compliance Award jury, it will help compliance officers to make a strong contribution to the overall effectiveness of corporate compliance programs.”
Lextegrity’s Founder and CEO, Parth Chanda accepted the Award virtually during Le Cercle’s Annual OECD Conference Year in Review.
“It is a tremendous honor to be recognized by Le Cercle and its jury of peer compliance professionals,” said Mr. Chanda. “We launched Lextegrity to make world-class data analytics and automation technology available to any organization in the world. Serving customers with less than one hundred employees and ones with tens of thousands of employees globally, has made us appreciate how our technology can make every compliance program far more efficient and effective. We look forward to working with more organizations in France and supporting Le Cercle’s compelling mission of advancing compliance program development in the country.”
Lextegrity is an industry leader in digital transformation of corporate risk management. Lextegrity provides software to monitor spend and automate third-party due diligence and compliance pre-approvals to prevent and detect fraud, corruption, sanctions violations and conflicts of interest. Lextegrity was founded and is led by veteran legal and audit professionals with experience before the DOJ, SEC and other international regulators, who launched Lextegrity to build the risk management tools they wished they had when they were in-house. Lextegrity’s spend monitoring and approval software was recently cited by the SEC in an FCPA resolution and aligns closely with the recent DOJ updated guidance on effective compliance programs. More information about Lextegrity can be found at http://www.lextegrity.com or https://www.linkedin.com/company/lextegrity.