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
Pay-to-play regulations (and associated risk) doesn’t simply turn off during the off-election years.
compliance updates
Fact: political contributions are on the rise.
compliance updates
Political activism is at an all time high. And with it? The pay-to-play risk for financial firms who rely on government contracted work. As the number of state and local pay-to-play rules increase, so do the number of stipulations compounding the complexity for firms potentially already struggling with the risk of violation. Not only do firms have to worry about complying with commonly known federal regulations like the SEC and FINRA pay-to-play rules, but also additional, specific state or local rules.