Do things correctly, or don’t do them at all. We can streamline all of your central processes to ensure a smoother and more efficient delivery.
We work on projects that run through the very core of firms and affect every department.
The issues that you want to resolve will be specific to your firm, but some common areas include:
- Accounting procedures and best practices in accordance with SRA rules (including billing and credit control, and electronic postings).
- The way that your firm onboards new clients, especially to lock down money laundering requirements driven from the Proceeds of Crime Act 2001 (as amended) (“PoCA”), the Terrorism Act 2000 (as amended) and the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the Regulations”).
- How you can better deal with Lexcel and PII requirements throughout your firm’s behaviours, and build reports to assist you with your annual renewals.
- File closing procedures
What kind of projects do you work on?
Some central process jobs that we have undertaken are –
How the firm onboards its clients across all client entity types; How the firm collects its data, and uses that for meaningful reports (general management reporting as well as specific reporting for PII, CQS, Lexcel and others). We work with accounts teams, and compliance teams to ensure that the behaviours the Regulators expect to see are driven through the behaviour of the firm using technology and changing the habits of the users.
Do you help accounts departments as part of your central process work?