DIGITAL TRANSFORMATION
Delivering digital solutions that help TCSPs to
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Manage business processes
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Embed control
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Enable automated evidence of compliance
Products
Using Laserfiche forms technology, we have developed digital solutions for over 40 business processes. They have been deployed in the Trust and Corporate Services financial services sector.
Below are a selection of the most impactful.
These solutions can be deployed quickly, adapted and turned into bespoke solutions
Board Meetings
Board Meetings is an end-to-end solution. It follows the process through from pack compilation, meeting booking, minutes and actions.
The technology includes generation of outlook calendar invitations and automated signatures.
Risk Assessments
Risk Assessments guides the user through the assessment. It incorporates the company's risk appetite from the BRA.
The assessment can be yes/no questions or use scoring.
Built-in logic-based routing ensures assessments are approved by the right people.
Compliance Monitoring Programme
Compliance Monitoring Progamme is a fully digital platform to record requirements, testing, outcomes, recommendations and to track agreed actions.
It also includes a board reporting capability.
Client Accounts
Client Accounts tracks the accounts production process. It records and confirms completion of checklists, client communication and accounts sign off.
(Note, this is not an accounting system)
Beneficial Ownership Assessment
Beneficial Ownership Assessment walks users through the process of identifying beneficial owners.
It enables evidencing with a full audit trail.
Submission Authorisations
Submissions Authorisations enables pre-authorisation of regulatory, tax, CRS & FATCA submissions
Pre-authorisation means that more staff can be set up to complete submissions, reducing dependency on key individuals and removing blockages.
CRS and FATCA Classifications
CRS and FATCA Classifications helps users to classify entites for CRS and FATCA.
It follows decision trees, taking users through a guided logic questionnaires.
The process routes for review and approval depending on outcomes.
Payments
Payments controls the payment process from request (or invoice) right through to bank authorisation.
It ensures staff follow company policies when making payments.
Included are in-built AML and fraud checks.
Bank Access
Bank Access, like Submission Authorsations, enables individual users to request access, password resets or changes to access rights.
All requests go through a formal approval process. This allows the business to have more staff with bank system super-user access, freeing up central resource
Methodology
Developing user-defined flexible solutions. Fast
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Understanding requirements
Solutions are built around existing business processes, policies and procedures.
Before building any solutions, we need to understand how the business operates.
Spending time on understanding and definition saves time later.
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Build
The modern approach to solution development is both iterative and adaptive. The digital platform will develop over time as new requirements, ideas and capabilities arise. The build phase is fast.
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Design
Moving to a digital platform is not just about replacing manual checklists and processes with electronic versions.
New technologies allow development of new solutions that enhance efficiency, accuracy and consistency.
We can use technology to guide users through processes whilst embedding company policies and authorisation mechanisms
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Deliver and train
Perhaps the most important phase of the change process.
Engaging the users in the new ways of working is vital to ensure there is no going back.
We deliver workshops that both train staff and lead to new ideas and subsequent developments
PETER BRUGES FCCA
Finance and Operations professional
Peter Bruges is a finance and operations professional. He has over 30 years of experience working in the retail and finance industries.
Most recently he has lead the digital transformation of Bourse Trust Company, a Guernsey Trust and Corporate Services business.
He is now working with other technology providers to deliver a digital platform that enables businesses to
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Make entire processes digital
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Drive efficiency
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Engage with clients digitally
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Enhance staff knowledge and motivation
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Manage risk
Peter has extensive experience from his roles as Finance Programme Manager at Specsavers, CFO at Channel Islands Cooperative and Praxis and running sales businesses in the UK and Australia.
He holds BA (Economics & Accounting) from Reading University, is a Fellow of the Association of Chartered Certified Accountants, a Prince2 Practitioner and yellow belt 6 Sigma.
PARTNERS
People and organisations I have worked with previously who provide services that compliment Stonebridge Consulting and I am proud to be able to introduce.
