NEW YORK, Nov. 19, 2013 /PRNewswire/ -- n-Tier an industry-leading software provider announced the addition of Trace reporting verification to its Compliance Workbench offering providing clients with the ability to validate the accuracy of their Trace reporting and identify unreported executions prior to the 15 minute reporting deadline.
n-Tier Continues Expansion of its Trade Reporting Verification Platform
"n-Tier's Compliance Workbench moves clients from a very limited manual checking process to a sustainable, 100% verification of the data provided in their trade reports based on a wide variety of user configured rules. With these new Trace capabilities clients will also be able to identify and address unreported trades within the 15 minute reporting deadline thereby avoiding possible penalties," said Geoff Love, Head of Business and Product Development at n-Tier.
"The release of our new Trace capabilities is the latest milestone in the growth of our regulatory compliance offering. In response to very positive client feedback we are continuing our efforts to implement verification controls for rules with significant client impact with LOPR, OATS, and Advertised Trades being the next priorities," said Peter Gargone, CEO of n-Tier.
With high volumes of data required for both Trace and Blue Sheets and constantly changing, complex IT reporting infrastructures firms which rely on limited manual testing of their reports are at a significant risk for both regulatory fines and reputational damage.
The Compliance Workbench is designed to help firms eliminate this risk by enabling 100% verification of the data being submitted in their trade reports, providing summary and detailed dashboards that highlight all errors in different categories, and supplying drill down capability to individual errors enabling the research needed to find and eliminate reporting issues.
Separate and independent of your different reporting infrastructures Compliance Workbench provides the added level of control needed to ensure the ongoing accuracy and reliability of your reporting as these infrastructures undergo change.
Delivering a sustainable process Compliance Workbench enables firms to fully automate the verification of their regulatory reporting avoiding the pitfalls of one-off reviews which quickly become outdated as a firm's infrastructure changes.
With a platform which is easily installed and integrated into even the most complex technology environment contact us today at [email protected] and learn how Compliance Workbench can provide immediate transparency into your reporting and ensure the reporting you provide regulators is both accurate and complete.
About n-Tier F.S.
n-Tier provides industry-leading software to some of today's most challenging and pervasive data and content management problems. Our clients range from global industry-leaders to small and mid-sized businesses all benefiting from tailored solutions with a low cost of ownership and quick implementation. Our technology is specially designed for easy configuration with minimal impact on IT resources and infrastructure. Providing configurable workflow components our platform delivers the ideal balance of flexibility and control needed to implement a full range of client and non-client facing self-service solutions. Additional information is available at www.ntierfs.com.
CONTACT: Geoff Love, 212-605-0224, [email protected]
SOURCE n-Tier F.S.