NederlandsFund-Axis combined their deep knowledge of the global asset management sector with Quality Online's robust and scalable application platform technology to create an enterprise solution to be marketed under the name Quality Online GRC.
The new application will combine Policy Management, Incident Management, Audit Management and Risk & Control as modules within one organisation-wide utility. Quality Online GRC's industry-standard Risk and Control framework is rich in features and includes funds-specific modules, templates and content. Captures of all fund information and full support of EFAMA's fund processing passport make Quality Online GRC an unrivalled product for the funds industry.
Peer Reinhard, CEO and Founder of Quality Online said: "The current economic circumstances only strengthen the need for organisations to have in place a robust and transparent risk and control framework. With Funds-Axis domain specific expertise, we have created a comprehensive GRC solution for the Asset Management Industry. The Quality Online GRC solution will benefit asset management companies by supporting development of consistent approaches across jurisdictions: with this they introduce business efficiencies, enabling automation and control of key business processes, enhancing management oversight, control and decision making. Additionally, Quality Online GRC will support the discharge and verification of regulatory duties."
The impetus for the new collaboration came from Funds-Axis. Managing Director, Darren Burrows.