Why FinregE?

FinregE's software offers a significant return on investment compared to manual compliance processes. Manual processes can be time-consuming, error-prone, and resource-intensive, leading to increased costs and reduced efficiency. In contrast, FinregE's software streamlines compliance efforts, reduces the risk of non-compliance, and provides real-time updates on regulatory changes, allowing businesses to stay ahead of the curve.

Let's consider a compliance team of 5 people working 5 days a week and processing 12.5 regulatory publications each day, resulting in a total of 313 publications processed per week (12.5 x 5 x 5).

If each publication takes an average of 30 minutes to process manually, the total time spent on processing publications each week would be 156 hours (313 x 0.5 hours per publication).

Assuming an average hourly rate of $50 for compliance professionals, the cost of processing publications manually would be $7,813 per week (156 x $50). Over a year, this would amount to a staggering $406,250 ($7,813 x 52 weeks).

However, FinregE's case studies across multiple clients have consistently shown that tasks can be completed 50%-60% faster than doing them manually. This is achieved through the automation of time-consuming manual tasks such as gathering information from regulatory websites, updating spreadsheets, and tracking changes. Assuming a 60% saving, financial institutions can reduce the cost of processing publications manually from $406,250 to $243750, saving $£121,875 per year.

Furthermore, the return on investment for the software purchase is 406.67%. This means that for every pound spent on the software, FinregE returns $4.06 to its client.

With FinregE, compliance and regulatory professionals can focus more on higher-value tasks such as analyzing and interpreting regulatory requirements. By streamlining these tasks, financial institutions can save valuable time and resources, while reducing the risk of non-compliance.