CS Compliance Systems Launches New Auditing Tool to Allow Financial Services Companies to Score and Rate Businesses in the Rapidly Growing Cannabis Industry
Application evaluates cannabis-based businesses and provides vital insight for risk assessment
SEATTLE, Aug. 31, 2016 /PRNewswire/ -- CS Compliance Systems, developers of CannaScore – the world's first real-time regulatory compliance auditing software for the cannabis industry, announced it has developed a new application for the financial services industry. Specifically designed to meet the needs of banks, insurance carriers, and other fiduciaries, the CannaScore Financial Services System provides rapid and accurate scoring of a cannabis-based business, and its adherence to a myriad of complex regulations and operational factors. With this information, financial services companies can make more informed decisions in areas including lending, leasing, insuring, and banking services.
The CannaScore Financial Services System evaluates businesses and provides a score, similar to a FICO score, but designed to meet the specific needs of the cannabis industry and companies doing business in that sector.
"There are many ways that financial services companies that want to do business within the cannabis sector, can benefit from CannaScore," said Thomas Smith, Managing Partner of CS Compliance Systems. "CannaScore addresses the risks posed to financial services companies by providing an assessment that can be completed cost-effectively and updated upon demand," he added. "CannaScore is the most effective tool ever designed to provide insight and intelligence into businesses in the burgeoning cannabis industry."
The CannaScore system uses sophisticated algorithms to develop weighted scores in critical areas that include adherence to state and local regulations, licensing requirements, operational procedures, employee training standards, company policies, packaging laws, required forms, event documentation, zoning and community ordinances, product handling and tracking, and inventory control. CannaScore performs an analysis in over 300 critical areas, and provides a risk assessment and quality score that is highly valuable, with insight and intelligence unavailable anywhere else.
For information on CannaScore and CS Compliance Systems, call: 720-890-7344 or visit: www.cscomply.com
About CS Compliance Systems, LLC:
CS Compliance Systems developed CannaScore - an award-winning auditing software system that provides real-time scoring and analysis, configured to examine a wide range of vital business functions, as well as compliance to state and local regulations. Verified companies receive compliance certifications, giving assurance to regulators, banks, investors, landlords and company management.
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SOURCE CS Compliance Systems, LLC
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