Governance Assurance System | | ValueCoders Client Case Studies

Governance Assurance System

The idea of developing such a system was the result of long discussions on the customer side focusing on the various challenges and demands faced by industry sectors and in particular those that gave rise to a greater financial burden or Increased resources. The client’s research team focused on the basic realizations with the aim of developing a unique system to solve each problem they encountered.

ValueCoders was approached to develop the system. Our SharePoint team developed a high-quality product along the architecture and proposed specifications. At the time of delivery, the customer was delighted to receive a robust, scalable and easy-to-use system within the timeframe they wanted.

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Technologies/Concepts

  • .NET 2.0
  • MOSS 2007
  • SQL 2008
  • VS 200

Key Challenges

The need to develop a Governance Assurance System awoke after our client encountered challenges from certain industry sectors that resulted in a greater financial burden. They were constantly facing problems and decided to develop a unique system to solve them. There was no such system in place that could handle the issues mentioned below:

  • Lack of Good Governance, compliance and AML procedures.
  • Limited current yields and recent developments encouraged diversification.
  • Limited current yields and recent developments encouraged diversification.
  • Compliance processes were based on legislative and regulatory interpretation and, therefore, were similar in nature and scope between institutions.
  • Regulated parties could not interact and demonstrate their compliance with regulators quickly and cost-effectively for their own benefit.
  • Nor were the regulated parties able to interact quickly and economically for the benefit of their customers.
  • The choice of third parties was based on the consideration of Compliance, which was difficult for another deserving party with good merit and interest.

To solve these problems, the client created the idea of ​​developing a unique system that would be able to provide Risk and Impact assessments of:

  • Customers
  • Entities
  • Policies and procedural force
  • Key people, employees and MLRO / MLCO probity, competence and CPD
  • Global business risk that integrates all individual assessments and system functionality

When they hired ValueCoders, we had to address to the following tasks:

  • Develop a system which can calculate risks and impact faced by the organisations.
  • Use of pre installed governance package for calculation of risks and impact faced in this system.
  • Client side should be focussing on various challenges and demands faced by sectors of the industry.

While developing, we faced various challenges including the following ones:

  • Gathering all risks and impact from the system
  • Developing single system to tackle all these risks and problem.
  • It can lead to increased financial burden

Our professional SharePoint developers at ValueCoders had overcome these challenges with their innovative ideas and technical expertise.

Our Solutions

There were were a few major parts in the project which was skillfully handled by the talented development team at ValueCoders. The ValueCoders SharePoint development team was able to offer the customer a perfect system. They developed a SharePoint site and a number of modules that helped the client achieve the features listed below:

  • Documentation
  • Linkage and correlation of relationships
  • Generation of tasks
  • Evaluation status
  • Amount / Risk vs. Quality / Risk Management
  • Automatic classification of risks
  • Automatic risk-based review planning
  • Responsibility and Relationship Mapping
  • Task reports click function

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