Statement on Quality Management Standards 1
FinReg Global’s software solution “QMCore” stands at the forefront of our product line-up, embodying our commitment to quality, innovation, and ease of operations.
This exceptional solution has been carefully developed to address your specific needs for a System of Quality Management (“SOQM”) and deliver unparalleled performance.
Challenges of SQMS 1
Why QMCore?
Why Us?
Technical Specifications
Pricing
FinReg Global understands the complexity and challenges organizations face when it comes to compliance with SQMS 1. QMCore is specifically designed to address these challenges and provide an effective and efficient solution that saves you time.
Successfully meeting the challenges of SQMS 1 requires an ongoing concerted effort, with planning and follow up which QMCore helps you control and deliver.
Strong leadership, effective training and communication, and a commitment to continuous improvement in quality management practices are essential. FinReg is here to support organizations in their compliance journey and help them achieve and maintain high standards of quality management.
In order to comply with these standards, organizations must find a delicate balance between flexibility and consistency. It is crucial to ensure that quality is not compromised while also addressing the unique requirements of each engagement. FinReg’s products are tailored to achieve exactly that. Our comprehensive quality management software system enables organizations to ensure compliance throughout their entire operation. It helps them keep up with regulatory changes and maintain consistency across diverse engagements.
These are some of the key challenges faced by organizations striving for compliance, and FinReg Global provides the necessary tools to overcome them.
Built with you in mind
At FinReg Global, our software is designed with you in mind. Built by auditors, subject matter experts and ex-regulators specifically for audit leaders, it seeks to meet the unique needs of firms striving for audit quality excellence. Our software provides your Firm's leadership and those responsible for monitoring "Whole Firm Procedures" with a comprehensive solution that incorporates best practice processes and facilitates compliance throughout your organization.
Enhanced Functionality
FinReg’s software goes beyond the limitations of checklists by offering advanced features that allow for linkages and customised workflow structures. For example, you can establish clear connections between risk assessment objectives, risks, and corresponding response actions – all a requirement of SQMS 1. This structured approach improves efficiency and ensures a comprehensive compliance framework.
FinReg’s Regulatory focused DNA
At FinReg our products are built on our proprietary technology platform ensuring that regulatory led subject matter expertise is reflected in our software solutions. The platform allows regulatory changes to be made easily available to users as they are released.
Centralised Reporting
With FinReg’s QMCore software, data is stored and available in a single cloud location. This centralised reporting capability enables easy access to information, simplifies data analysis, and facilitates comprehensive reporting – enabling Board oversight. It eliminates the need to search through multiple files or sheets, saving time and improving data accuracy.
Audit Trail Integrity
FinReg’s QMCore software maintains an audit trail that captures all changes made by all users whenever an update is made. This feature ensures transparency and accountability within the system by providing a complete record of actions taken. It helps in tracking changes, identifying errors, and maintaining data integrity for audit quality and regulatory purposes.
Consistency & Culture
FinReg’s QMCore will assist in promoting a culture of compliance and quality awareness by engaging cross departmental co-operation. It drives consistency of approach to Whole Firm quality objectives across the Firm.
Productization and Efficiency
The software allows you to easily create, manage, monitor, and remediate actions from and in a single location. This streamlines compliance management processes and increases operational efficiency and effectiveness. By consolidating tasks and actions within the software, you can save time, reduce duplication of efforts, and improve overall productivity.
Supplementary Products Integration
FinReg offers supplementary products that can seamlessly integrate with FinReg’s QMCore. These additional modules such as the “Annual Declaration” assessor, provide complementary functionalities that enhance the overall compliance management experience. Integrating these products within the FinReg software ecosystem allows for a more comprehensive and efficient compliance solution.
Best Practice Processes
Our software incorporates industry-leading best practices, ensuring that you have access to the most effective and efficient audit procedures and Whole Firm responses. By implementing these processes, you can enhance the quality of your audits and drive continuous improvement across leadership and staff.
Advantages over standardised “checklist” / file management options
-
FinReg’s software provides a more robust and comprehensive solution compared to manual checklists. While checklist sheets can help track compliance with specific requirements, they lack the functionality to automate processes, generate reports, and provide real-time insights. Software designed for compliance with SQMS 1 offers a centralised cloud platform where all relevant information and tasks can be stored, tracked, and managed efficiently.
-
The software minimises the risk of human error and inconsistencies that can occur with manual checklists. With software, organizations can establish standardised workflows, automated reminders, and validation checks, reducing the chances of missing critical steps or making data entry mistakes. This helps maintain the integrity and accuracy of compliance efforts, ensuring that organizations consistently meet the requirements of SQMS 1.
-
The software enables better collaboration and communication within the organization. Unlike checklists that often exist in isolation, our software provides a shared platform where multiple stakeholders can access and contribute to compliance activities. This promotes transparency, allows for streamlined communication, and facilitates effective coordination among teams, enhancing overall efficiency and effectiveness in compliance management.
-
Additionally, our software offers advanced reporting and analytics capabilities that provide valuable insights into compliance performance. It can generate customised reports, visualise data trends, and identify areas for improvement. This enables organizations to make data-driven decisions, monitor progress, and demonstrate compliance to stakeholders, regulators, and clients more effectively. Such insights are difficult to achieve with manual checkbox sheets, which typically lack data aggregation and analysis functionalities.
As regulations and standards evolve, the software can adapt more easily compared to manual checkbox sheets. Updates to SQMS 1 or changes in regulatory requirements can be incorporated into the software, ensuring that compliance efforts remain up to date. This flexibility and agility to adjust to changing compliance needs are critical in today’s dynamic business environment.
Using software that achieves the goals mentioned above surpasses the use of manual checklists due to its comprehensive functionality, reduced human error, enhanced collaboration, advanced reporting capabilities, and adaptability to changing compliance requirements. It provides organizations with a powerful tool to streamline compliance management, improve accuracy, and effectively demonstrate adherence to SQMS 1.
-
Cloud based - AWS hosted
-
FinReg Platform - ISO 27001 certified
-
Embedded task management
-
RUSO-Con: Admin controlled with multi level user access
-
Full audit trail for all inputs
-
Security led read only access
Please fill out the below enquiry form and a member of our team will be in contact.
Statement on Quality Management Standards 1
FinReg Global’s software solution “QMCore” stands at the forefront of our product line-up, embodying our commitment to quality, innovation, and ease of operations. This exceptional solution has been carefully developed to address your specific needs for a System of Quality Management (“SOQM”) and deliver unparalleled performance.
Challenges of SQMS 1
Why QMCore?
Why Us?
Technical Specifications
Pricing
FinReg Global understands the complexity and challenges organizations face when it comes to compliance with SQMS 1. QMCore is specifically designed to address these challenges and provide an effective and efficient solution that saves you time.
Successfully meeting the challenges of SQMS 1 requires an ongoing concerted effort, with planning and follow up which QMCore helps you control and deliver.
Strong leadership, effective training and communication, and a commitment to continuous improvement in quality management practices are essential. FinReg is here to support organizations in their compliance journey and help them achieve and maintain high standards of quality management.
In order to comply with these standards, organizations must find a delicate balance between flexibility and consistency. It is crucial to ensure that quality is not compromised while also addressing the unique requirements of each engagement. FinReg’s products are tailored to achieve exactly that. Our comprehensive quality management software system enables organizations to ensure compliance throughout their entire operation. It helps them keep up with regulatory changes and maintain consistency across diverse engagements.
These are some of the key challenges faced by organizations striving for compliance, and FinReg Global provides the necessary tools to overcome them.
Built with you in mind
At FinReg Global, our software is designed with you in mind. Built by auditors, subject matter experts and ex-regulators specifically for audit leaders, it seeks to meet the unique needs of firms striving for audit quality excellence. Our software provides your Firm's leadership and those responsible for monitoring "Whole Firm Procedures" with a comprehensive solution that incorporates best practice processes and facilitates compliance throughout your organization.
Enhanced Functionality
FinReg’s software goes beyond the limitations of checklists by offering advanced features that allow for linkages and customised workflow structures. For example, you can establish clear connections between risk assessment objectives, risks, and corresponding response actions – all a requirement of SQMS 1. This structured approach improves efficiency and ensures a comprehensive compliance framework.
FinReg’s Regulatory focused DNA
At FinReg our products are built on our proprietary technology platform ensuring that regulatory led subject matter expertise is reflected in our software solutions. The platform allows regulatory changes to be made easily available to users as they are released.
Centralised Reporting
With FinReg’s QMCore software, data is stored and available in a single cloud location. This centralised reporting capability enables easy access to information, simplifies data analysis, and facilitates comprehensive reporting – enabling Board oversight. It eliminates the need to search through multiple files or sheets, saving time and improving data accuracy.
Audit Trail Integrity
FinReg’s QMCore software maintains an audit trail that captures all changes made by all users whenever an update is made. This feature ensures transparency and accountability within the system by providing a complete record of actions taken. It helps in tracking changes, identifying errors, and maintaining data integrity for audit quality and regulatory purposes.
Consistency & Culture
FinReg’s QMCore will assist in promoting a culture of compliance and quality awareness by engaging cross departmental co-operation. It drives consistency of approach to Whole Firm quality objectives across the Firm.
Productization and Efficiency
The software allows you to easily create, manage, monitor, and remediate actions from and in a single location. This streamlines compliance management processes and increases operational efficiency and effectiveness. By consolidating tasks and actions within the software, you can save time, reduce duplication of efforts, and improve overall productivity.
Supplementary Products Integration
FinReg offers supplementary products that can seamlessly integrate with FinReg’s QMCore. These additional modules such as the “Annual Declaration” assessor, provide complementary functionalities that enhance the overall compliance management experience. Integrating these products within the FinReg software ecosystem allows for a more comprehensive and efficient compliance solution.
Best Practice Processes
Our software incorporates industry-leading best practices, ensuring that you have access to the most effective and efficient audit procedures and Whole Firm responses. By implementing these processes, you can enhance the quality of your audits and drive continuous improvement across leadership and staff.
Advantages over standardised “checklist” / file management options
-
FinReg’s software provides a more robust and comprehensive solution compared to manual checklists. While checklist sheets can help track compliance with specific requirements, they lack the functionality to automate processes, generate reports, and provide real-time insights. Software designed for compliance with SQMS 1 offers a centralised cloud platform where all relevant information and tasks can be stored, tracked, and managed efficiently.
-
The software minimises the risk of human error and inconsistencies that can occur with manual checklists. With software, organizations can establish standardised workflows, automated reminders, and validation checks, reducing the chances of missing critical steps or making data entry mistakes. This helps maintain the integrity and accuracy of compliance efforts, ensuring that organizations consistently meet the requirements of SQMS 1.
-
The software enables better collaboration and communication within the organization. Unlike checklists that often exist in isolation, our software provides a shared platform where multiple stakeholders can access and contribute to compliance activities. This promotes transparency, allows for streamlined communication, and facilitates effective coordination among teams, enhancing overall efficiency and effectiveness in compliance management.
-
Additionally, our software offers advanced reporting and analytics capabilities that provide valuable insights into compliance performance. It can generate customised reports, visualise data trends, and identify areas for improvement. This enables organizations to make data-driven decisions, monitor progress, and demonstrate compliance to stakeholders, regulators, and clients more effectively. Such insights are difficult to achieve with manual checkbox sheets, which typically lack data aggregation and analysis functionalities.
As regulations and standards evolve, the software can adapt more easily compared to manual checkbox sheets. Updates to SQMS 1 or changes in regulatory requirements can be incorporated into the software, ensuring that compliance efforts remain up to date. This flexibility and agility to adjust to changing compliance needs are critical in today’s dynamic business environment.
Using software that achieves the goals mentioned above surpasses the use of manual checklists due to its comprehensive functionality, reduced human error, enhanced collaboration, advanced reporting capabilities, and adaptability to changing compliance requirements. It provides organizations with a powerful tool to streamline compliance management, improve accuracy, and effectively demonstrate adherence to SQMS 1.
-
Cloud based - AWS hosted
-
FinReg Platform - ISO 27001 certified
-
Embedded task management
-
RUSO-Con: Admin controlled with multi level user access
-
Full audit trail for all inputs
-
Security led read only access
Please fill out the below enquiry form and a member of our team will be in contact.
Enquire Now
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