{"id":9609,"date":"2020-05-07T13:35:47","date_gmt":"2020-05-07T13:35:47","guid":{"rendered":"http:\/\/local-preprod.cos.de\/finanzen\/"},"modified":"2020-10-15T07:57:32","modified_gmt":"2020-10-15T07:57:32","slug":"finanzen","status":"publish","type":"page","link":"https:\/\/cos.de\/en\/finanzen\/","title":{"rendered":"Finance"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h1 class=\"title-heading-center\" style=\"margin:0;\">Financial services<\/h1><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-bottom:40px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-1\"><p>The different frameworks of the various regulatory bodies form intersections, which can lead to conflicts or redundancies: Norms, rules and guidelines must be clear, unambiguous, auditable and consistently harmonised. Obviously, it is not effective to distribute all of the rules to all employees, so that these priorities, contradictions and redundancies are resolved ad-hoc, temporarily, locally and without strategic focus over and over again. A sustainable approach that works in the daily operations influencing employee behaviour proactively requires complexity reduction. Information should be pushed to the respective geographical and organisational units on a need to know basis. Spamming the recipients will have an adverse effect loosing everybody\u2019s attention.<\/p>\n<p>Redundancies and synergies within external regulations must be identified, analysed to streamline the internal documentation and to respect the capacity restrictions of the organisation.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"width:50%;width:calc(50% - ( ( 5% ) * 0.5 ) );margin-right: 5%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 20px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\" style=\"width:100%;max-width:350px;\"><img decoding=\"async\" width=\"971\" height=\"554\" title=\"Norm1u2_EN\" src=\"http:\/\/local-preprod.cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN.png\" class=\"img-responsive wp-image-9617\" srcset=\"https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN-200x114.png 200w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN-400x228.png 400w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN-600x342.png 600w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN-800x456.png 800w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Norm1u2_EN.png 971w\" sizes=\"(max-width: 800px) 100vw, 600px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"width:50%;width:calc(50% - ( ( 5% ) * 0.5 ) );margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 20px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"fusion-text fusion-text-2\"><p>Changes need to be processed quickly, efficiently and transparently.<\/p>\n<p>Below we illustrate how this can be implemented based on a modern, web-based software:<\/p>\n<p>Develop a coordinated approach to your organization for the regulatory environment.<\/p>\n<p>Proactive compliance management: eliminate superfluous and resolve contradictions.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 50px;margin-top: 50px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Risk orientation<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-clearfix\" style=\"float:left;margin-bottom:50px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-3\"><p>International regulations (Basel III, Solvency II, MiFID, IFRS, the EU Parent-Subsidiary Directive, &#8230;), national legislation, specifications of the executive power or industry associations (Corporate Governance Index, MaRisk, CSSF, &#8230;), statutory requirements form a multidimensional framework of requirements and objectives, standards of conduct for businesses of all sizes and service offerings.<\/p>\n<p>A risk-based approach respects operational and strategic priorities in the implementation of rules. This way the compliance risk can be controlled ethically and economically. Accordingly, likelihood and impact of rule violations analysed, evaluated and assessed. An embedded in the application catalogue of risks permits a documentation of the results.<\/p>\n<p>Both external standards and &#8211; derived &#8211; internal specifications can be linked to the catalogue, so that the current risk situation and the interdependencies can be reported at any time. The impact of externally or internally initiated modifications to the rules can be analysed systematically and automatically resulting in a quick and consistent change management. This approach saves time and costs minimising the compliance risk.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 50px;margin-top: 50px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Multi dimensional Compliance-Requirements<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-clearfix\" style=\"float:left;margin-bottom:50px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-4\"><p>One of the primary tasks of the risk management function is the analysis of synergies, redundancies and conflicts of objectives in all external and derived internal regulations. Strategic orientation, ethical standards and principles of good corporate governance increase the complexity. The derivation of a simple, clear, non-contradictory and economically viable, subset of the regulatory framework must be tailored for each part of the organisation individually. Without modern information technology allowing a reliable and transparent corporate communication this is a hopeless venture<\/p>\n<p>Therefore, the co_suite provides an integrated system for<\/p>\n<ul>\n<li>Representation of <u>references<\/u> of multiple, external standards with the own derived specifications and instructions,<\/li>\n<li><u>Risk-based<\/u> implementation of policies,<\/li>\n<li><u>Reporting<\/u> the current compliance situation,<\/li>\n<li>Concise delivery of <u>information tailored<\/u> for position place, department or location in a user-friendly manner,<\/li>\n<li>Providing an audit trail for a <u>reliable communication<\/u> \u2013 particularly for pushed information requiring recipient feedback<\/li>\n<li>Encryption and appropriate handling of <u>confidential content<\/u><\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">The co_suite<\/h3><\/div><div class=\"fusion-text fusion-text-5\"><ul>\n<li><a href=\"http:\/\/cos.de\/en\/dokumente\/\">Documents<\/a> relates external regulations and internal control environment risk-based and process-oriented,<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/compliance\/\">Complaints<\/a> collects multiple channels (social media, email, telephone, &#8230;) criticism and suggestions from customers and employees and executes compliance compliant solutions &#8211; it can also be operated as an anonymous &#8220;whistleblowing system&#8221;<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/ideen\/\">Ideas<\/a> provides a platform to improvement and creative potential within the organisation to harness and increase employee motivation and retention,<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/schulung\/\">Training<\/a> ensures a systematic and verifiable mediation training need of content,<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/vertraege\/\">Contracts<\/a> monitors compliance with the regulations in terms of contractual and commercial conditions having the documents at hand everywhere with a timely reminder for cancelations or renegotiations,<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/audits\/\">Audits<\/a> allows the systematic collection, tracking and elimination of deficiencies in the organisation,<\/li>\n<li><a href=\"http:\/\/cos.de\/en\/massnahmen\/\">Issues<\/a> tracks all initiatives (whether compliance-related or not) and ensures a timely implementation<\/li>\n<\/ul>\n<p>Before a balanced scorecard approach or other controlling instruments try to implement corporate strategies, they must be communicated and explained in the first place. This includes the breakdown of the company&#8217;s strategy to an individual perspective of each geographical or organisational unit.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 50px;margin-top: 50px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Compliance- best practice<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-clearfix\" style=\"float:left;margin-bottom:50px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"width:50%;width:calc(50% - ( ( 5% ) * 0.5 ) );margin-right: 5%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Management system<\/h3><\/div><div class=\"fusion-text fusion-text-6\"><p><a href=\"http:\/\/cos.de\/en\/dokumente\/\">co_documents<\/a> allows a systemised collection and management of processes, instructions and regulations. Easy navigation by process maps, a full-text search or a traditional directory structure allows a quick and user-specific, customized access in the daily business. Process owners control and monitor the risk situation with a clear separation of responsibilities using the embedded reporting instruments.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"width:50%;width:calc(50% - ( ( 5% ) * 0.5 ) );margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 20px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\" style=\"width:100%;max-width:350px;\"><img decoding=\"async\" width=\"684\" height=\"663\" title=\"Rollenbasiert_EN\" src=\"http:\/\/local-preprod.cos.de\/wp-content\/uploads\/2020\/06\/Rollenbasiert_EN.png\" class=\"img-responsive wp-image-9620\" srcset=\"https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Rollenbasiert_EN-200x194.png 200w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Rollenbasiert_EN-400x388.png 400w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Rollenbasiert_EN-600x582.png 600w, https:\/\/cos.de\/wp-content\/uploads\/2020\/06\/Rollenbasiert_EN.png 684w\" sizes=\"(max-width: 800px) 100vw, 600px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Ad Hoc Project and Action Management<\/h3><\/div><div class=\"fusion-text fusion-text-7\"><p>A vibrant organisation processes the changes in the business environment fast, structured and efficiently. The centralised and easy-to-use application provides a common, web-based platform for managing, coordination and tracking of these <em>Issues<\/em> initiatives.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Compliance related Information<\/h3><\/div><div class=\"fusion-text fusion-text-8\"><p>The transport of information from one process to another or to an organisational unit to another must be controlled and traceable. All compliance-relevant modules and data require a notification system \u2013 consistent, uniform but tailored to the corporate structures. It must overcomes the drifting of responsibility by serving information needs too broadly and below the perception thresholds of the addressees.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Collection of Problems \u2013 Proposing Ideas \u2013 Implementing Solutions<\/h3><\/div><div class=\"fusion-text fusion-text-9\"><p>In the modules <a href=\"http:\/\/cos.de\/en\/design-thinking\/\">Design Thinking<\/a> and Ideas problems and improvement potential can be collected. Ideas can be shared on an open and common basis processing them to viable ideas.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 50px;margin-top: 50px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Integration<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-clearfix\" style=\"float:left;margin-bottom:50px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Management system<\/h3><\/div><div class=\"fusion-text fusion-text-10\"><p>Multi-standard compliance can be achieved only integrating the complete external specifications. The <a href=\"http:\/\/cos.de\/en\/dokumente\/\">co_documents<\/a> module includes an area for &#8220;Standards and Regulations&#8221;. All relationships and interactions of internal documentation can be retrieved by the reference list and in special reports.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:20px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Module integration<\/h3><\/div><div class=\"fusion-text fusion-text-11\"><p>Monitoring the compliance risk requires the possibility to detect patterns and cross-relationships among data from different modules. Interfaces between the <em>Social Radar<\/em> module, <em>audit<\/em> tracking, <em>idea<\/em> management and <em>contract<\/em> or <em>complaint<\/em> handling and <em>issue<\/em> management are provided on a uniform and centralised platform. Not all modules must necessarily originate from the co_suite. Relevant data can be transferred via the interface and or connected from other systems<\/p>\n<p>E.g. a customer complaint can require an adaptation of the counterparty risk rating, or a test report may reveal organisational deficiencies in the authentication process impacting money laundering controls. Whether corresponding procedures are related through standards, can only be retrieved automated, quickly and efficiently on an integrated database avoiding a complicated manual search.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 50px;margin-top: 50px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:40px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Cooperation<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-clearfix\" style=\"float:left;margin-bottom:50px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#f89924;border-top-width:4px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-12\"><p>Compliance cannot be delegated to a person or a group. It is the responsibility of the entire organisation. The required collaboration can only established if<\/p>\n<ul>\n<li>Redundant information and communication flows are eliminated,<\/li>\n<li>The organisation focuses on relevant requirements,<\/li>\n<li>Responsibilities are clearly defined,<\/li>\n<li>Communication channels and reporting processes are transparent and<\/li>\n<li>Completion dates are monitored stringently.<\/li>\n<\/ul>\n<p>Information streams may be blocked or slowed. The compliance requirements must be communicated to staff timely and completely. Today&#8217;s information driven society, notifications must also be distributed so concisely dosed that compliance requirements arrives at the recipient. Logs and audit trails ensure traceable delivery of information. Information can be pushed or must be pulled according the organisational needs. A common database with standardised web access as the user interface makes the co_suite an indispensable tool for every risk manager or compliance officer. Logical access control, encryption and certified software components provide a secure infrastructure.<\/p>\n<p>Any device, any place, any time: information should be available, wherever needed by staff. Search and navigation functions lead directly to the relevant content. Unnecessary complexity can be hidden, so the acceptance and implementation speed increases. Relationships among content can be analysed across all modules. Compliance risk is thus controlled throughout all process and hierarchies.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 37px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:10px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type='text\/css'>.reading-box-container-1 .element-bottomshadow:before,.reading-box-container-1 .element-bottomshadow:after{opacity:0.00;}<\/style><div class=\"fusion-reading-box-container reading-box-container-1\" style=\"margin-top:0px;margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#ffffff;border-width:1px;border-color:#cccccc;border-top-width:3px;border-top-color:var(--primary_color);border-style:solid;\"><h2>Other modules<\/h2><div class=\"reading-box-additional fusion-reading-box-additional\">\n<ul>\n<li><a href=\"http:\/\/cos.de\/en\/dokumente\/\">Documents<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/massnahmen\/\">Issues<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/ideen\/\">Ideas<\/a><\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_3 1_3 fusion-one-third\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:10px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type='text\/css'>.reading-box-container-2 .element-bottomshadow:before,.reading-box-container-2 .element-bottomshadow:after{opacity:0.00;}<\/style><div class=\"fusion-reading-box-container reading-box-container-2\" style=\"margin-top:0px;margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#ffffff;border-width:1px;border-color:#cccccc;border-top-width:3px;border-top-color:var(--primary_color);border-style:solid;\"><h2>Industry solutions<\/h2><div class=\"reading-box-additional fusion-reading-box-additional\">\n<ul>\n<li><a href=\"http:\/\/cos.de\/en\/compliance\/\">Compliance<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/industrie\/\">Industry<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/automobil-industrie\/\">Automotive<\/a><\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-18 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-top:10px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><style type='text\/css'>.reading-box-container-3 .element-bottomshadow:before,.reading-box-container-3 .element-bottomshadow:after{opacity:0.00;}<\/style><div class=\"fusion-reading-box-container reading-box-container-3\" style=\"margin-top:0px;margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#ffffff;border-width:1px;border-color:#cccccc;border-top-width:3px;border-top-color:var(--primary_color);border-style:solid;\"><h2>Application solutions<\/h2><div class=\"reading-box-additional fusion-reading-box-additional\">\n<ul>\n<li><a href=\"http:\/\/cos.de\/en\/vertraege\/\">Contracts<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/schulung\/\">Training<\/a><\/li>\n<li><a href=\"http:\/\/cos.de\/en\/design-thinking\/\">Design Thinking<\/a><\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/pages\/9609"}],"collection":[{"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/comments?post=9609"}],"version-history":[{"count":10,"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/pages\/9609\/revisions"}],"predecessor-version":[{"id":9612,"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/pages\/9609\/revisions\/9612"}],"wp:attachment":[{"href":"https:\/\/cos.de\/en\/wp-json\/wp\/v2\/media?parent=9609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}