Avoid fines for being out of compliance
Every organization must report to a regulatory body and adhere to specific codes and regulations. Failing to submit compliant reports subjects organizations to fines and potential legal trouble.
Introducing Datawatch removes human error from repeatable processes, allowing organizations to have complete confidence that their reports adhere to compliance laws.
Make sure you include all the right information
Reports sent to organizations, like the SEC, require several disparate files to be reconciled on a regular basis. Failing to include all the right information leads to incorrect filings and requires re-submissions.
Instating a repeatable workflow that pre-defines all reports and data preparation steps ensures that reports are correctly filed the first time, allowing individuals to avoid re-doing work.
Be prepared for every audit
Being audited is incredibly stressful and can require a significant allotment of internal resources.
Providing external auditors with a full data lineage, reconciliation configuration and change history for all your reports speeds the audit process and provides evidence that your organization adhered to all GAAP and compliance rules.
Compliance customers also use Datawatch for:
- Human Resources
- Financial Services
- Community and Regional Banks
- Credit Unions
- Accounting and Finance
- Overcoming Excel Limitations
- Report Reconciliation
- Self-Service Analytics
- Internal and Public Audit
- PDF to Excel Conversion