Milliman - Outsourcing Compliance Tool
Type of System
- Risk management
- Solvency II solution
- Governance, risk, compliance (GRC)
- Outsourcing requirements
Type of platform
What are the typical implementation costs?
The tool is low cost and quick to implement. No specific hardware is required.
How long does your software take to implement on site?
The tool would be implemented within a week of agreement
Please name companies that use the system/solution
Available on request
Most recent significant update:
The tool is regularly updated based on the latest regulations
Planned future enhancements:
Updates for key regulatory requirements
How does your solution integrate with third-party systems or in-house systems?
Results can be exported to Excel to allow for further customisation of reports
What is the key attribute of your product(s) that differentiates it from your competitors?
Easy to use with simple questions that are accessible for staff in all roles and departments
System built reports show levels of compliance in each area
Coordinators can delegate questions to selected individuals to easily gather attestations and information from across the company or on a wider basis.
The tool includes hyperlinks from each question to the relevant regulations providing an invaluable reference guide.
The tool is updated to reflect changes in regulations allowing users to stay on top of the latest developments.
Audit functionality helps track who has answered what and when
Outsourcing Compliance Tool – stay on top of outsourcing arrangements