• Financial Services

Streamline your sanctions screening workflow with Intapp DealCloud 

Firms must adapt to changing sanctions rules and regulations to meet client expectations and navigate the evolving geopolitical environment. Using highly configurable technology, firms can structure their risk and compliance strategies to navigate these tricky sanctioned waters. 

With Intapp DealCloud Conflicts, you can provide your defense teams with the necessary tools to reduce risk and ensure compliance. 

Read on to learn how Intapp DealCloud Conflicts can help streamline your firm’s sanctions screening strategy. 

Data integration for increased efficiency 

A centralized database helps teams find information quickly, but it should do more than just store internal knowledge. To comply with changing sanctions rules and stricter regulations, firms need software that integrates internal governance checks and balances with third-party sanctions lists. 

The software should also integrate risk management with information about deals or entities. Having one central place for all the data allows both the first and second line of defense teams to reduce risk. They no longer need to manually search through documents or an external database. 

DealCloud software allows your company to easily search and access relevant information. This includes sanctions lists, spreadsheets, and databases. The software ensures compliance with changing sanctions. 

DealCloud provides seamless integration between front-office deal management and pipeline management, providing transparent, real-time knowledge to every member of your firm. Front-office professionals need to identify risk and vet deals faster, and know where to focus their efforts and outreach. 

By using a system that can review and clear conflicts of interests early on in the dealmaking process, your team members can direct their efforts toward the right prospects, instead of having to kill deals deep in the pipeline. 

Leveraging automation  

Technology that automates tedious tasks can drastically improve your workflow and reduce organizational complexity. Because sanctions and regulations can change extremely fast, firms need software that can help them stay up to speed with new information. 

DealCloud risk and compliance software improves due diligence and reduces operating costs across your firm. With DealCloud automation, firms can analyze conflicts, gain insights, and share knowledge to help teams in fast-paced environments. 

Minimizing error and risk with audit trails 

With ever-evolving sanctions regimes, your firm needs extensive audit capabilities that provide an additional level of reputational risk management. When reviewing potential sanction hits, comprehensive software with a full audit trail — including time stamps — can help minimize error and track when each entity was reviewed, and by whom. This helps your firm remain compliant while also building a competitive edge in the marketplace. 

Intapp DealCloud’s purpose-built software maintains a trail of communications and key approvals in one centralized location, all while helping avoid manual data-entry errors. As client expectations increase, deploying a solution that minimizes error and helps maintain your firm’s reputation is imperative. 

DealCloud’s risk and compliance solutions boost your firm’s risk management strategy and enhance due diligence. By leveraging technology that was built with first and second line of defense teams needs in mind, DealCloud’s automated and auditable solution can help streamline your critical risk management workflow. 

Request a demo to learn more about Intapp DealCloud’s risk and compliance products.