Beacon
Beacon is a governance, risk and compliance tool which Cyan Regulatory have developed in partnership with Decision Focus. Beacon facilitates the production and maintenance of compliance framework documents, together with governance reporting, for both Administrators and regulated clients (e.g. funds, Schedule 2 businesses and managed trust companies), thereby generating significant efficiencies and enabling the effective management of risk.
Beacon covers core compliance matter including:
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Creation and maintenance of Business Risk Assessments (BRAs)
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Creation, tracking and completion of Compliance Monitoring Plans (CMPs)
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Complaints, breaches and error tracking and remediation
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Action tracking
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Regulatory change management
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Governance reporting
We are currently in our final development stage, so please contact us if you would like further information or to arrange a demo.
Insight
Altair Insight is our innovative governance application which combines a number of tools which can assist independent directors with:
- Tracking of client-related activities, such as meetings, minutes, written resolutions, ratifications and action points;
- Client and underlying structure information with quick and easy data look-up;
- Internal compliance workflows for the take-on, review and termination of clients;
- Proprietary risk model which calculates the client risk level and triggers reviews and assessments.
When using Altair Insight, Directors can spend significantly less time on administrative tasks and therefore can focus on value-adding work including strategic oversight, key decision-making, rapid response to external change and core governance activities.
Insight is currently our internal governance tool, but we will always consider your use case so please get in touch if you’d like to discuss how we may be able to assist.
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