The problem
Solving the complexities of MAR
In the fast-paced world of corporate finance, staying compliant with regulations is a constant challenge.
Zeus, a leading UK-based corporate finance advisor, faced this challenge head-on as they grew rapidly over the last 20 years to become one of the UK's largest financial services groups.
As Zeus's client base and deal complexity grew, so did the demands of maintaining compliance with UK Market Abuse Regulations (MAR). InsiderList Insights sat down with Sophie Weal, Compliance Manager at Zeus, to learn about her experience.
Challenges with legacy software
Zeus previously used another MAR software provider, but found it increasingly difficult and frustrating to use.
Sophie reflects on her experience:
The system was outdated, slow, and hard to navigate, and the team found themselves spending a large amount of time applying manual workarounds for tasks that should have been straightforward.
As Zeus looked for ways to scale their compliance efforts and safeguard their reputation for excellence in the industry, the team identified several key challenges:
- A complex and outdated user interface
- A reliance on labour-intensive and time-consuming manual workarounds
- Lengthy processes for generating compliance reports
- Difficulty in quickly responding to potential audit requests
These issues were not just administrative headaches; they posed potential risks to Zeus's regulatory standing in an industry where trust and compliance are essential.
The solution
Enter InsiderList: Advanced MAR software
Zeus began searching for a solution that could automate their workflow and streamline reporting, with a simple and intuitive user experience.
The team determined they needed a system that could:
- Automate list management processes quickly and efficiently;
- Offer a simple and intuitive user experience;
- Share team workflows across a single dashboard;
- Provide a detailed 360o audit trail; and
- Scale with the company's growth.
Zeus and found their answer in InsiderList, a MAR compliance software platform that offers a powerful combination of features designed to ease the challenges of regulatory compliance.
Sophie comments on their choice:
InsiderList's innovative approach and market-leading position made it the ideal partner for Zeus's evolving compliance needs.
The software's advanced features, and its reputation for excellence in the industry, aligned perfectly with the team’s requirements for a scalable, efficient, and comprehensive compliance solution.
The result
Simple, efficient, compliance automation
InsiderList was able to migrate Zeus from its legacy provider within less than a week.
After implementing InsiderList, the team immediately observed several tangible improvements:
- Time Efficiency: The time spent on insider list management decreased significantly, freeing up the compliance team for other critical tasks.
- Improved Accuracy: The automation of data entry processes substantially reduced the risk of errors.
- Faster Reporting: What once was a long manual process, is now fully automated, allowing for more responsive compliance management.
- Enhanced Audit Preparedness: Zeus is able to respond to regulatory inquiries much more quickly, improving their overall compliance posture.
These improvements have resulted in substantial time and cost savings for Zeus. Reflecting on the impact of these changes, Sophie shares:
Streamlined processes have not only enhanced Zeus's regulatory compliance but have also contributed to their overall operational excellence.
Using InsiderList's powerful features, Zeus has transformed its MAR compliance from a challenging use of legacy software into a seamless part of their daily operations, reinforcing their position as a leader in the corporate finance industry.
Conclusion
Excellence in Software, Strength in Partnership
What truly sets InsiderList apart is not just its software excellence, but its dedicated compliance team and commitment to building strong, lasting partnerships with its clients.
For Sophie and the team at Zeus, the impact of partnering with InsiderList has been transformative. Reflecting on their experience, Sophie concludes:
InsiderList goes beyond being just a software solution, it's a comprehensive MAR compliance ecosystem that evolves with the needs of its users. Its inhouse legal and regulatory expertise allow it to provide clients with regular updates and enhancements to stay ahead of the curve, anticipating regulatory changes before they come into effect.
In an industry where compliance can make or break reputations, Zeus now stands confidently at the forefront, backed by the power and adaptability of InsiderList.
This partnership not only solves current compliance challenges but also positions Zeus to navigate future regulatory landscapes with ease and assurance.
