With compliance management intermediaries in regulators’ crosshairs, some law firms and consultants are turning to technology to improve compliance management on behalf of their clients while running their businesses more effectively. In February, for instance, Warrendale, Pennsylvania-based Hardin Compliance implemented a new software platform to standardize and streamline compliance management for its clients.
Hardin helps advisors, broker-dealers and other financial firms manage an array of compliance tasks, from conducting risk assessments and testing to preparing for audits and customizing clients’ compliance manuals. Hardin’s services are data-intensive and tailored for each client, so some degree of customization is always needed. With the new software, instead of storing data in multiple systems and spreadsheets, Hardin looked to view and manage compliance activities across clients for consistent analysis and reporting.
