“And the Award goes to… Governance.com”
Governance.com awarded ‘Financial Software Provider of The Year’ for their Ready to go Fund Management and Custody solutions.
Since announcing their €3 million equity round in January of this year, Governance.com has continued to grow as a key software provider in the European asset management industry. On Thursday the 5th of March, the Luxembourg based company was presented as the ‘Financial Software Provider of the year 2020’ at the Luxembourg finance awards. “I am proud and delighted that our team’s passion to solve regulatory challenges for our clients has resulted in this major recognition.”, says Bert Boerman, Governance.com’s “smiling” CEO.
Asset management firms and financial institutions have typically accumulated lots of data across different silos, that is sometimes redundant, often duplicated and almost always disconnected. That makes it difficult to ensure the company is compliant at all times. Governance.com helps these institutions by aggregating data and automating processes. Next to efficiency gains, the platform also enables compliance to be consistently monitored and ensures that any identified issues are properly mitigated.
The panel of judges with years of expertise in finance appreciated Governance.com’s adoption of lean processes to turn manual procedures into digital workflows, enabling easy collaboration and partial or full automation. Decision processes by the relevant governance bodies or committees can be easily organised, documented and archived. Governance.com were also acknowledged by the jury particularly for their innovative “Ready to Go” software solutions. What makes these solutions unique is that regulatory requirements have already been mapped and built into pre-configured data models, processes and dashboards.
Governance.com’s RTGs features include delegate oversight, conflicts of interest recording, investment breach monitoring and whistle blowing management, fund/entity management, board management tools, client and investor onboarding features, investor commitment and capital call management, drill down dashboarding functionalities among many others. Essentially all areas that make up the internal governance of running a Fund Management company or Depositary are covered with the software.
Georges Bock, Chief Strategy Officer says that “The Ready to go Fund Manager and Custody solutions save on average between 20-25% of our client’s time, maximising both time and cost efficiency and make operations compliant as well as more reliable.