A significant benefit of a proactive and robust compliance regime is identifying and preventing possible issues early, when the potential harm to the entity and its consumers and the costs to rectify the issues are typically lower. This is true for both ongoing operational compliance and for change initiatives with compliance implications. In a proactive compliance function, management and employees increase their knowledge and understanding of the laws and regulations affecting their business areas; therefore, they are more likely to identify and address potential issues. Securing the services of ELMARK Pro Compliance will therefore benefit our customers in a myriad of ways including, but not limited to:
Monitoring changes in laws/regulations are monitored to assess the impact to the institution by generating practical perspective on the applicability of laws, rules, directives and regulations across business and processes and how they translate into operational requirements
Conducting risk assessments to help mitigate risk and enhance controls by adopting sound practices
Utilizing change management initiatives to identify compliance requirements at the beginning of projects that require sign off on changes prior to implementation.
Utilizing change management initiatives to identify compliance requirements at the beginning of projects that require sign off on changes prior to implementation.
Analyzing industry wide issues to determine if similar issues exist locally
Taking away partially the burden of Compliance on financial institutions.
Ranking findings by significance, including root cause analysis, recommending resolution actions and requiring managements response to the findings.
Understanding the FSPs risk culture and its strengths as well as potential shortcomings
PRICING INFORMATION
Our Pricing Strategy
At ELMARK Pro Compliance, we adopt a flat fee structure for our services to provide our clients with better predictability of consultancy costs. This approach allows us to charge a fixed fee for many basic services, including business advisory services, among others.
To ensure affordability and competitiveness, we strive to maintain our fees below the average market rate by minimizing our overhead expenses and collecting payment in advance. Additionally, we offer special discounted rates to start-ups, nonprofits, cooperatives, and small social enterprises.
Recognizing that some clients may require ongoing access to our consultancy and advisory services, we provide tailored flat-rate packages to meet their specific needs.
Payment Options
At ELMARK Pro Compliance, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients.
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment with cash