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Ratings and Reviews 0 Ratings
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What is MEGARA?
This versatile suite focuses on post-trade processing and is built using cutting-edge technology, featuring an innovative three-tier architecture consisting of client, operations, and market perspectives. This design facilitates the seamless integration of new markets or client requirements without disrupting existing workflows. Stay informed about all regulatory updates, both globally and locally, while maintaining a comprehensive audit trail to monitor all modifications. It offers native, real-time connectivity that complies with leading international standards such as Swift and ISO20022. To expedite deployment, leverage a tested implementation approach with a customizable integration layer. Our solutions tackle the complexities brought on by the evolving financial services landscape. As information system architects, we assist our clients in achieving significant cost savings and maintaining control over time-to-market during the modernization of their information systems, ultimately ensuring they remain competitive and responsive in a fast-paced environment.
What is Alacra Compliance Enterprise?
Alacra Compliance Enterprise provides a comprehensive solution designed to help financial institutions around the globe tackle the complexities of regulatory compliance by streamlining essential processes such as KYC, CIP, CDD, EDD, and credit investigations. This innovative platform empowers organizations to reduce regulatory, financial, legal, and reputational risks on an international level. As a modular SAAS workflow application, Alacra Compliance Enterprise is built for swift implementation and requires minimal IT resources, negating the necessity for extra hardware or software installations. Consequently, clients can experience immediate operational improvements and accelerate their journey to realizing value. Users have observed an impressive boost in analyst productivity exceeding 88%, alongside a notable reduction in error rates averaging around 40%. The flexible SAAS offering from Alacra allows for seamless customization of workflows, which can be adapted to specific information sources, business rules, and approval processes to fulfill the distinct regulatory and risk requirements of each client. Additionally, the platform includes a user-friendly interface that streamlines the input of essential information regarding the entity being onboarded, as well as the investigator's credentials, ultimately enhancing both compliance efficiency and the overall user experience. This level of customization not only optimizes workflows but also fosters a more effective and responsive compliance strategy.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
N/A
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
VERMEG
Date Founded
1993
Company Location
Netherlands
Company Website
www.vermeg.com/megara/
Company Facts
Organization Name
Alacra
Date Founded
1996
Company Location
United States
Company Website
www.alacra.com/compliance-solutions/compliance-products/alacra-compliance/
Categories and Features
Business Process Management
Access Controls / Permissions
Alerts / Notifications
Business Process Automation
Business Rules Management
Collaboration
Process Change Tracking
Process Mapping
Process Modeling & Design
Visual Workflow Management
Categories and Features
Compliance
Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation