Embracing Change: OpenAFSL

Recent Developments of OpenAFSL

The past three months have been a whirlwind of progress and innovation for our dedicated development team as we gear up for the next chapter in our journey.

With our eyes set on enhancing user experience and system efficiency, we’re excited to share some of the remarkable changes we’ve implemented in our system.


1. APL Module Advancements

Our APL Module has received a significant boost with the integration of new fields. This expansion enables users to capture more relevant data, ensuring a comprehensive overview of operations. To further enhance transparency and accountability, we’ve introduced a log ability that tracks any alterations made within the module. This new feature ensures that changes are promoting better communication and collaboration within the team.

2. Amplified Compliance Committee Meeting Agenda

Recognising the importance of comprehensive compliance management, we’ve ramped up our efforts to facilitate seamless Compliance Committee Meetings. One enhancement is the increase in the number of action items within the agenda. This amplification enables a more robust discussion of compliance-related matters and a streamlined approach to addressing them.

3. Revamped Issues Module

To streamline issue identification and resolution, we are delighted to introduce the upgraded version of our Issues Module. This evolution comes complete with an innovative filtering option to simplify the process of isolating and addressing issues with precision.

Moreover, an expansion of our categorisation capabilities within the Issues Module. This expansion heralds the arrival of a fresh category, aptly named “Administrative Error,” accompanied by two defined subtypes: “Human Error” and “System Error.” 

4. Review Process Refinement

The review process has received a boost in usability with the introduction of an auto-save functionality. Now, when switching between files within a review, users can be rest assured that their progress is automatically preserved. This feature not only saves time but also reduces the risk of data loss, ensuring a smoother and stress-free review experience.

5. Introducing Breach Email Alerts: Stay Informed on System Entries

We’re excited to announce a brand-new feature that ensures you stay up-to-date on system entries. With our latest enhancement, users will receive timely notifications (within 24 hours), containing a comprehensive list of breaches that have been entered into the system. This proactive approach to information dissemination guarantees that you remain informed about critical developments, empowering you to take swift and informed action as needed.


Future features for Enterprise Clients

As we stride into the upcoming quarter, we’re thrilled to unveil some exciting features designed exclusively for our enterprise clients:

1. Comprehensive Compliance Committee Meeting Pack

Our commitment to empowering compliance practices continues with the upcoming release of a complete system-generated Compliance Committee Meeting Pack.

This all-inclusive pack includes the compliance report, ensuring that every vital detail is readily accessible for informed decision-making.

2. System-Generated Regulatory Updates

Staying compliant in an ever-evolving regulatory landscape is paramount.

To facilitate this, we’re introducing system-generated regulatory updates. This feature will automatically notify users of pertinent regulatory changes, ensuring that our clients are equipped to navigate the complex maze of compliance effortlessly.


The Grand Finale

With the momentum from the last three months propelling us forward, we’re eagerly anticipating a spectacular final quarter of the year. Our commitment to innovation and user-centric enhancements remains unwavering, and we can’t wait to unveil more features that will simplify operations, foster collaboration, and empower better decision-making.

To sum up, as we wholeheartedly embrace these enhancements and prepare for the upcoming phase, we hold a steadfast belief that our dedication to innovation will consistently propel us toward a future characterised by enhanced efficiency, heightened effectiveness, and unwavering excellence.

Arrange a demo

Keep exploring

Subscribe

Every fortnight “Three Hit Tuesday” delivers thought leadership, considered analysis and insights that will help you improve your advice, more effectively manage your regulatory risks and make you better informed than your peers.

AS-Subscribe Form

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

We respect your privacy. We know everyone says that, but we promise that we won’t sell your contact details to dodgy telemarketers, spam your email or otherwise exploit your trust.

Step 1 of 8 - Your Role

This field is for validation purposes and should be left unchanged.

Assess your ASIC exposure

Answer a few targeted questions to identify where your compliance may not stand up under ASIC review.

Takes less than 2 minutes. No preparation required.

What best describes your role?