As a leading provider of modern, cloud-based Governance, Risk and Compliance solutions to FCA regulated organisations, Xactium has created an integrated solution for the Senior Managers & Certification Regime (SM&CR) into its suite of applications.
Xactium has extended its cloud-based compliance application to include full support for the end to end SMCR process. This includes being able to capture all the relevant functions and responsibilities which apply across the organisation.
Create visual and interactive responsibility maps of positions responsibilities, functions and governance structures, such as committees, throughout your organisation ensuring that there are no gaps in accountability.
It is also possible to create and share multiple versions of a Responsibility Map.
Each senior manager can access their own SMCR hub, within the Xactium system, allowing them to review and approve all their key responsibilities and functions as assigned by an organisation.
Powerful document, task management and workflow automation capabilities are also provided within our SMCR software allowing you to set reminders, track completion of specific tasks, attach documents and share notes with other users.
Xactium’s powerful reporting and dashboard tools make it easy to produce reports on the organisation governance from all sorts of perspectives.
Track the approval status or assignment of responsibilities and identify shared responsibilities all in one convenient place.
Customise your dashboard to show information relevant to you.
By using Xactium to capture all this information in one place, organisations benefit from having access to ‘one version of the truth’. This in turn provides the capability to produce a variety of documents within the software that set out the firm’s management and governance arrangements, with one click of a button.
The flexibility of the document generator means that a wide variety of formats can be configured, along with branding. These documents provide an overview of the allocation of responsibilities across a firm and can be shared directly with the regulator.
Our SMCR application makes up part of our Xactium Compliance platform, which can also be linked up to data within our risk management and audit applications, providing an advanced level of operational oversight for your business, alongside a fully integrated GRC solution.
Find out how the Xactium Senior Managers and Certification Regime solution can help your business tackle the new rules and regulations being enforced.