Streamline your audit and surveys

LEADING THE WAY IN RISK MANAGEMENT

THE EQ DUE DILIGENCE WORKFLOW

Equiniti Riskfactor is the leading provider of risk management and fraud analytics software for the global commercial finance industry.

In the UK over 90% of the receivables finance industry choose Equiniti Riskfactor to monitor their portfolios and

mitigate potential losses.We are proud to announce the launch of our brand new

application, EQ Due Diligence. Using data from the existing Equiniti Riskfactor product suite or data extracted, this additional

application will enable lenders to streamline and enhance their existing audit and survey processes by reducing the

length and frequency of on-site audits, improving accuracy, efficiency and consistency, and encouraging a risk based

approach to the due diligence process.

• Usearisk-basedapproachtosetupClientauditschedulesandsurveys

• Associateanappropriateaudittemplatebasedonbusinesssize,industry,producttypeorriskprofile

• Auditsandsurveysareautomaticallycreatedtoincludehigherriskandvaluetransactionstofocustheduediligencetesting

• Clientmanagersareabletoreviewauditsandaddadditionalcommentarytofurtherdirecttheauditortoanyareasofconcern

• Uponcompletion,submittedauditsandsurveysareautomaticallyavailableforreview

• IssuesareidentifiedandcanbecentrallymanagedthroughtheEQRiskfactorfollow-upsystem • Whenundertakingon-siteaudits

andsurveys,theauditorisabletoworkinafully‘off-line’modeasnoconnectionrequiredbacktothecorporatenetwork

SCHEDULE

PREPARERE

VIEW

PERFORM

Duediligence

BENEFITS TO THE LENDER

ADOPT A RISK BASED APPROACH TO DUE DILIGENCE

OPERATIONAL EFFICIENCY

NEW BUSINESS MARKET LEADERSHIP AND DIFFERENTIATION

COMPLIANCE IMPROVED PROSPECT ASSESSMENT

REDUCE RISK OF CREDIT LOSSDATA EXTRACTION

01

02

07

05 06

0403

• Enables Lenders to adopt a risk based approach when selecting Clients for audit

• The EQ Due Diligence template focuses on higher risk transactions in the testing and highlights any areas of concern to the Lender

• EQ Due Diligence tailors the templates to suit business size, industry, product type and risk profile

• Auditor/surveyor has access to a suite of EQ Riskfactor reports that can be accessed whilst on site for increased visibility and intelligence

• Smarter deployment of resources, as productivity on-site is maximised

• Audit team capacity improved through more desk top audits

• EQ Due Diligence results are fed back into EQ Riskfactor to enable audit issues to be identified and tracked to completion. Audit results become measures in core EQ Riskfactor to complement existing risk measures. EQ Due Diligence provides a single point of reference

• EQ Due Diligence ensures Lenders can complete new deals faster, and the process is streamlined and less onerous for the Prospect

• Lenders can engage with Prospects ahead of competitors and as the process is less invasive Prospects are happier and customer satisfaction levels are improved

• All aspects of the due diligence process are captured in one place so that compliance is easy to manage and instantly demonstrates a Lender’s audit history and related activity

• No version control issues are encountered as the EQ Due Diligence template cannot be amended outside of initial Lender set up

• Extraction of Prospect data directly from accounting systems means additional historic data is available to support credit assessment

• EQ Due Diligence helps Lenders consistently assess new Prospects at the survey stage

• The templates select higher risk transactions to flag areas of concern to focus underwriting and support appropriate structuring of facilities

• The EQ Due Diligence application is designed to use our immense experience and access to fraud case studies to identify early fraud indicators

• Risk based testing will focus the Lender on the Client’s business processes that need refining or enhancing

• Standardised templates and the identification of higher risk transactions enables Managers to more easily quality assess the Auditors completing the template

• Extraction of Client data directly from accounting systems gives the Lender more detailed transactional data and leads to better quality decision making for invoice discounting facilities.

WHY EQUINITI RISKFACTOR?

Expertise Our risk metrics are developed using unique experiences gained protecting clients from fraud. Our risk management software ensures deteriorating profiles are detected immediately and potential losses are mitigated.

Trust Our reputable client list and our long-standing relationships are evidence that clients trust our solutions.

Customer service excellence We are renowned for our customer service and have a team on hand to answer any questions you may have.

Dedicated support All clients are automatically set up with support from EQ Riskfactor experts who can answer any software or functionality questions you may have.

Training Full training on site is included in all packages.

Duediligence

SPEED UP YOUR DUE DILIGENCE PROCESS

Makes life easier for Lenders and their Clients

Streamlines audit preparation

More efficient and targeted site

auditsAudit reports

auto-generatedAudit follow up points created

and tracked

• Templateconfigurable tobusinessparametersandrequirements

• Templateseasilyreviewedandamended

• AuditworkingpaperscreatedandpopulatedwithEQRiskfactordata

• Timesavedon auditpreparation

• Highrisktransactionsareidentifiedandfedthroughtoaudit workingpapers

• Lesstimeconsumingforclientsasconsiderablehistoricdataisalreadycollated

• Auditreportsaregeneratedwithin thesoftware

• Reporttemplatesensureconsistentreportingacrossportfolio

• Configurable toLender’s reportingneeds

• AuditfollowuppointsarestoredcentrallyinEQRiskfactor

• Actionsarefedbackintoclientmanager’sworkflowandcanbetrackedtocompletion

FindouthowEQDueDiligencecantransformyour auditandsurveyprocesses.Bookademonstrationtoday.

Contactusonsales@riskfactor-solutions.com T +44 (0) 1444 819 460equinitiriskfactor.com

Members of

LENDERS• Adoptariskbasedapproachtoduediligence

• Smarterdeploymentofresources

• Allitemsusedasmeasures inEQRiskfactor

• Complianceisenhanced• Templatesareconfigurable• Qualitydata• Dataextracteddirectly fromaccountingsystems

CLIENTS AND PROSPECTS

• Lessintrusiveprocess• Increasedcycletime betweenaudits

• LessdemandsmadeonClient/Prospectemployees

• Betterpotentialoutcome• Fasterturnaround

AT-A-GLANCE BENEFITS