COMPLIANCE PROGRAM AUTOMATION TECHNOLOGY

Status is the platform compliance professionals love to use. It marks the start of a new age in compliance technology, focusing on automation and efficiency. Status, built by and for compliance experts, focuses on integrating all the information compliance professionals need to evaluate third party risk. And it’s free.

WHAT MAKES STATUS
REVOLUTIONARY?

Status enhances your compliance program. Store all of your third party information centrally. Automate the system using custom workflows. Monitor your third parties between due diligence exercises. Interact with third parties, internal business users, and seek approval for third party onboarding. Link Status to your systems or third party systems to put all your data in one place.

Status fits around your compliance department’s processes, not vice versa.

Status fits around your compliance department’s processes, not vice versa.

WHAT IS Status?

Status is the only compliance program technology that makes it easy to automate and centralize functions of your compliance program. It’s specifically designed to combine all relevant third party information. Using Status allows you to effortlessly contextualize your third party universe. And because compliance is transformative in nature, we make sure that Status will continue growing with changing regulations, technological advancements and our user’s feedback.

ONGOING MONITORING OF YOUR THIRD PARTIES? DONE.

Third party due diligence has typically been conducted intermittently. In today’s world of advanced technology and big data, regulators have higher expectations. Status, through an easy to use interface, helps monitor thousands of third parties per day, ensuring that you learn about significant risks as they rear their ugly heads.

We have further improved our clients’ compliance programs by offering remediation and handling of false positives by experienced, trained analysts with local language proficiency. Batch upload your third parties today and you can cover your entire third party universe by tomorrow.

Start monitoring today

We have created a great system – and made it free. Why? At our core, we are the highest quality, truly global provider of due diligence (we just happen to be great at technology too).

FUNCTIONALITY INCLUDES


Custom workflow integration

Set reminders for contract review or recertification

Internal approvals

Document retrieval and storage

Monitor issues raised and remediate

Risk scoring engine

Flag and track issues

Industry-leading data security

DD provider agnostic

HOW DOES STATUS HELP COMPLIANCE DEPARTMENTS?

Your compliance department’s processes, workflows and systems are unique. No two programs are identical. Trying to force a compliance system program onto a rigid system is folly and will cause ongoing aggravation and inefficiency. Status is fluid and will adapt to your company’s existing systems and processes. Third party risk can emanate from many different parts of your company. Status pulls together information from your third parties, due diligence, your business units, procurement, compliance, legal, and even HR to create one central place for review of your third party risk. Status is not merely a way to order due diligence. It helps compliance professionals view their entire third party risk, automate functions and increase program effectiveness.
Status is not merely a way to order due diligence, it helps compliance professionals view their entire third party risk.

HOW TO START USING STATUS ?

Easy. Simply get in touch with us. Let us understand what you are looking for in a system before scheduling a personalized demo session to take you through Status.