Commercial Compliance Automation
Compliance tasks are nothing new to the cash management world, but as banks introduce new payment offerings, the burden grows. On-Record provides your answer to compliance automation delivered through the Prolific Open Digital platform.
Facilitate continuous engagement with business customers for regulatory, security and audit tasks through automated workflows.
On-Record facilitates continuous engagement with business customers for regulatory, security and audit tasks through automated workflows that leverage the platform's internal features and banking application integrations.
With On-Record, the bank can use any data point in On-Ramp to schedule a task interval and related workflow such as annual remote deposit or ACH limit review, quarterly company contact checks, or annual customer agreement renewals. On-Record tasks can be scheduled, recurring, or on-demand.
On-Record Use Cases
- ACH, Wire, and Remote Deposit risk and limit reviews
- Credit/Exposure Approvals
- Risk and Exception Approvals
- Customer agreement renewals
- Internal compliance tasks
- Internal approvals from account officer, relationship manager, risk department
Also Supports
- Requests for information or agreements for customer signature
- Multi-department workflow for task review and approval
- Integrated secure messaging for internal communication and external client correspondence
On-Record Provides
Audit record of each interaction
SLA (Service Level Agreement) monitoring
Alerts and notifications for risk, audit, compliance tasks
Summary and detail reporting