Compliance Workflows

Blueprint OneWorld facilitates the approval process for changes to the corporate database by automating manual processes and establishing customized workflows.

 

Automate Manual Processes

Consistent data recording allows entity data to be shared across platforms and throughout various company departments. With so many points of data being processed and altered, the likelihood of human error producing confusing and time-consuming problems looms large. When data must be accurate at all times, changes are a big deal and the process by which one validates the integrity of data can be laborious. This process is complicated even further when there are multiple individuals or groups who are making changes or updates, such as those in different geographic locations or departments across the organization.

 

Blueprint OneWorld facilitates the approval process for changes to the corporate database by automating manual processes and establishing customized workflows. Change Management is a fully customizable module that enables users to create, and thus translate, their business processes into step by step workflows within Blueprint. The approval process can be tailored based on each data field that is being updated, so that multiple individuals or cross-functional teams can be involved based on the specific requirements of the change.

 

Each step in the workflow also gets logged into the audit trail, creating an electronic, fully auditable ‘paper trail’ of all the actions leading to the decision. Each approval process can therefore be tracked and reported on, with email alerts set for each step of the workflow. This allows the team to see not only when the change was made, but who was involved in the process.

 

The most common examples of workflows include:

 

  • New entity creation approval processes
  • Appointment or resignation approval processes
  • Entity dissolution approval processes.

 

By creating a specific workflow for these or other processes within Blueprint, your team can ensure compliance requirements are consistently met. This also reduces the likelihood of errors in your data, which can lead to incorrect reporting, inaccurate filings, or even hefty fines.

 

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