Sometimes The Grass Is Actually Greener
Choosing the right compliance partner can make all the difference
In today’s complex regulatory landscape, maintaining compliance is not just a legal obligation but a crucial component of business integrity and success. Choosing the right regulatory technology (regtech) partner for your employee compliance needs can be daunting, filled with questions about the necessary solutions, the reliability of the partner’s technology, and the cost and time of implementation. These concerns are critical since failures on the partner side can affect your business operations and global regulatory compliance.
Employee regulatory compliance ensures your workforce adheres to laws, regulations, and internal policies governing their conduct. This is essential to avoid legal penalties, financial losses, and reputational damage. When selecting a regtech partner, businesses often grapple with the effectiveness, reliability, and global applicability of the solutions offered.
The StarCompliance Difference
Reliability of its Network
StarCompliance (Star) is renowned for its broad and reliable technology infrastructure. The company has invested heavily in building a network that ensures seamless performance and uptime, crucial for maintaining uninterrupted compliance operations. With performance metrics that consistently exceed industry standards, Star provides peace of mind to its clients, ensuring that their compliance systems are always operational and reliable.
Comprehensive Solutions
Star has a 25-year history of providing a wide range of solutions tailored to meet diverse regulatory compliance needs. From conflict-of-interest management and MNPI surveillance to policy management, regulatory reporting and employee training, Star covers all aspects of employee compliance. These solutions are designed to be user-friendly and highly effective, enabling businesses to manage compliance efficiently and effectively.
Ease of Implementation
One of the standout features of Star’s SaaS-based software solutions is its streamlined implementation process. The company’s implementation team works closely with clients to ensure a smooth and timely integration of the compliance solutions into their existing systems. Whether StarCompliance is enhancing existing client platforms or building a compliance system from the ground up, the process is designed to be efficient and minimally disruptive.
Global Compliance Capability
In an increasingly globalized world, businesses need to comply with regulatory standards across multiple jurisdictions. Star excels in this area by offering solutions that are compliant with international regulatory requirements. Whether a company operates in the United States, Europe, Asia, or beyond, Star ensures that its compliance programs meet local and global standards. From implementation solutions to handle regime requirements from IAF in Ireland to BEAR and FAR in Australia, multinational companies using Star have successfully navigated complex regulatory environments with the support of their comprehensive solutions.
Star’s Partner Ecosystem
Partnering with industry technology leaders in other arenas is uncommon in regulatory compliance. However, Star believes that to provide the best products and services, aligning with providers with proven track records in their fields is essential. A unique feature of Star is its powerful Partner Ecosystem, which provides access to cutting-edge, best-in-class, first-to-market technology that enhances its platform. This ecosystem, including companies like Snowflake, Huron, and Aer Compliance, gives Star a significant competitive edge, allowing it to integrate the latest innovations and provide clients with the best employee regulatory compliance solutions available.
Comparing StarCompliance with Competitors
Star distinguishes itself from competitors through its unique features and customer-centric approach. While many regtech companies offer basic compliance tools, Star provides a holistic and integrated suite of solutions that address every facet of employee regulatory compliance. Common issues with competitors, such as unreliable systems, limited functionality, and poor customer support, are effectively mitigated by Star’s offerings.
Competitor Issues
The Star Advantage
System-Wide Outages
Star mitigates this issue by incorporating multiple redundancies into its platform, ensuring that clients have uninterrupted 24/7 access. These redundancies include backup servers, failover mechanisms, and continuous monitoring systems that detect and address potential problems before they impact users. By doing so, Star allows clients to rely on the platform for their critical operations without concerns about downtime or access issues.
Limited Review Fields
Star’s platform offers the capability to include unlimited review fields and options, allowing clients to customize their review processes extensively. This flexibility means that users can tailor review forms to meet their specific needs, incorporating various criteria and data points relevant to their unique requirements. This configurability enhances the accuracy and relevance of employee compliance, enabling clients to gain deeper insights and make more informed decisions.
Weak Analytics Dashboards
Star’s ability to natively distill and synthesize data for internal and external stakeholders cements its leadership position in the space. This data model is a differentiator for the industry. In addition, Star’s partnership with Snowflake brings first-to-market analytics and intelligence throughout the platform, setting a new standard for data-driven decision-making. This collaboration leverages Snowflake’s powerful data warehousing capabilities to deliver real-time analytics, enabling users to access and analyze vast amounts of data quickly and efficiently.
Insufficient Regulatory Regime Support
Star supports all the major regional regimes including SMCR in the United Kingdom, IAC in Singapore, IAF in Ireland, as well as BEAR and FAR in Australia. Star tailors its compliance software solutions for multiple industries, as well as partners with key regulatory bodies around the world including SEC, FCA, ESMA, ASIC and MKMA.
Lack of System Flexibility
Star’s future-ready platform offers intuitive and flexible solutions for managing employee compliance. Its configurable features automate compliance processes and provide easy access to vital data, enabling informed decision-making and proactive conflict detection.
Governance
Star is the only firm that has executive-level relationship managers empowered by the company to mitigate issues, increasing long-term client satisfaction and relationship success. Whether you need a product walk-through or emergency triage, our client support program is designed to meet a broad range of needs and preferences.
Choosing the right regtech partner is crucial for ensuring regulatory compliance and safeguarding your business. Star stands out as a superior choice, thanks to its reliable technology, comprehensive solutions, ease of implementation, global compliance capabilities, and competitive Partner Ecosystem. These advantages give Star an edge over its competition as the company continues to evolve. By partnering with StarCompliance, businesses can confidently navigate the complex regulatory landscape and focus on their core operations.
Star’s platform helps clients confidently manage compliance requirements, reduce risks, and foster a culture of accountability and transparency, while adapting to evolving regulatory demands.
Discover the benefits of partnering with StarCompliance for your employee regulatory compliance needs. Contact us today to learn more and schedule a demo.
Top 10 Reasons To Choose Star Over The Other Guy
