More Compliance within Legal Entity Management

Without any doubt, excel might be a way to deal with many topics – an audit-proof allocation of legal entity information, however, does certainly not belong to these. Sophisticated own developments reach their limitations, when in diverse jurisdictions new, partly running regulations have to be implemented with increasing frequency.

Compliance with applicable laws means, for instance, an accurate fulfillment of reporting requirements, for example according to the Foreign Trade and Payments Ordinance, the German Securities Trading Act (WpHG) or to the numerous regulations within the context of the preparation of balance sheets. Here, you can find a list of the reports, which are created automatically in zetVisions’ solutions.

Compliance also means reliability in the underlying business processes. With four principles we make our solutions ready for current and future compliance requirements:

• Local data collection: Delegate the data responsibility to the respective experts and concentrate on the automatic testing of plausibility and on the monitoring of the data collection process.
• Time dependence: Any change is recorded and documented according to the due date. Thus, a complete history is created and manipulations are excluded.
• Legal form dependence: zetVisions’ solutions provide a comprehensive know-how for numerous jurisdictions: When you create a group company, the selection of the country determines the selection of the legal forms provided in that country. If the legal form is selected, the respective permissible transactions can be conducted: For Ltds shares cannot be issued. 
• Uniform data pool: Abolish all isolated solutions and concentrate your efforts on the optimization of an unique, uniform and consistent data pool for any shareholding information. A fully developed authorization concept makes it possible.
  

As a result, zetVisions CIM is the only legal entity management solution worldwide, which is certified by an auditor.