September 17, 2020

illumis Compliance - Fall Product Update

This summer we’ve continued to build out powerful tools on our political contribution compliance platform to better serve our customers. Today, we’re excited to share three big features we added to the illumis platform:

Automatically Populate Candidates in Preclearance. Dynamic integrated candidate data simplifies the preclearance process for employees, and helps ensure that you get clean and consistent data on candidates, committees, offices, and jurisdictions. This cuts down on research times, produces more accurate data, and provides a much better employee experience. Even better, having consistent candidate data will enable automated preclearance rules.

Automated Matching Between Preclearance and Monitoring Records. With your monitoring and your preclearance data in the platform, illumis will automatically match new monitoring records to the corresponding preclearance records, and notify you of those that aren’t matched. This makes it easier to understand potential exceptions, and helps streamline and simplify reconciliation processes

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Rule-Based Workflow Automation - Create new rules to easily automate processes. For example, you can automatically update the statuses of records that are matched. When a record that was precleared is matched with a newly detected monitoring record, that record will automatically have its status updated to ‘precleared’. These sorts of workflow rules can help save your team time managing the data in the platform.

We’d love to share more, and see if the platform might be a good fit for your team. If you’d like more information, please contact us using the form below.


compliance updates
We recently hosted a webinar around pay-to-play compliance with two experts on the topic—Ki Hong of Skadden, Arps, Slate, Meagher & Flom, and Heather Traeger of TRS, where we covered important, timely issues around the 2020 election. Given the complexity of pay-to-play regulations and potential severity of penalties for violations, as well as the historic political involvement in this election cycle, understanding and monitoring for these risks has never been more important.
compliance updates
We’re continually updating our political contribution compliance platform to better serve our customers. We’re excited to highlight the most recent additions in our latest feature update.
compliance updates
Last month, Compliance Week highlighted some of the compliance considerations for investment advisors (and other regulated firms) around the 2020 elections in a piece headlined “SEC ‘pay-to-play’ enforcement surge projected in 2021”. The article notes that tomorrow’s elections have spurred a massive wave of contributions - and are likely to also trigger a new wave of SEC enforcement.