Our software products

The Risk Database represents an exciting addition to our Governance, Risk and Compliance Suite. It can help facilitate real-time Board level identification, mitigation, quantification and control of all the risks facing your business.

It has been designed to save money, reduce risk, boost performance, ensure compliance and enhance cross-company collaboration. Other features include:

• Secure, web-based system - easy to learn and use.
• Visual solution which includes useful risk heat maps.
• Generates proactive user notifications to prompt timely actions.
• Rapid cloud deployment - no infrastructure required.
• Available anywhere, on any device.

For a demo of The Risk Database, contact us today or arrange a callback request.

OAC has developed a complete solution for the Senior Insurance Managers Regime (SIMR). TRAC10 manages the business process through structured workflows, ensuring compliance with the SIMR whilst minimising personal and corporate risk.

Accessible from any Internet browser, TRAC10 is designed to store comprehensive information about senior managers in a logical and user-friendly interface. Records are captured at every step throughout their employment lifecycle.

A Governance Map can be produced quickly and easily at any time for either an individual or at the corporate level, which includes a pictorial representation of reporting lines. It can be generated for any historic date as well as the current date.

Corporate documents can also be stored in TRAC10 and within a flexible structure that best represents the firm. The search facility allows documents to be quickly identified which were effective during a specific period or for any particular date.

Key features:

• Simple to use workflow system designed to ensure compliance with the SIMR.
• Fully automated production of the Governance Map at any time and for any historic date.
• An end-to-end solution, managing the full employment life cycle of a key function holder.
• A secure and comprehensive Cloud-based system to store all documentation relating to the SIMR.
• A scalable system with the capacity to manage all future data requirements.
• Complete audit trail of all activity in the system.
• User access control to ensure sensitive data is secure and confidential at all times.

Information sheets:

• TRAC10: Managing compliance with the SIMR (PDF)
• TRAC10: FAQs on Hosting and Security (PDF)

Related information:

• OAC Business Governance Services
• OAC News & Insights on SIMR
• OAC Article: "Impact of Senior Insurance Managers Regime (SIMR) on Firms" (September 2016)
• OAC Article: "SIMR requirements and deadlines for submitting Scope of Responsibilities forms" (August 2016)

For a demo of TRAC10, contact us today or arrange a callback request.

Developed and maintained by OAC for use by its own consultants, OACis Redress Calculation modules are designed to meet the needs of a wide range of regulatory investment review and complaint types, providing accurate and compliant calculations in line with the most up to date guidance from the Financial Conduct Authority (FCA) and Financial Ombudsman Service (FOS).

OACis Redress Calculation modules are available under licence as an on-premise software application and include the following key features:

• Full support and training.
• Intuitive, scenario lead inputs and data checks.
• No limits on calculations runs.
• Full audit trail – all runs uniquely referenced, stored and accessible.
• Centrally managed software updates via secure connection.
• Standard and bespoke report generation.

Calculator modules include:

• Pension and investment charges and investment performance comparisons.
• Occupational pension transfers, opt-outs or non-joiners.
• SERPS/S2P.
• AVCs (money purchase, added years and additional pension).
• Endowment mortgage.
• Payments accumulations.

Why not outsource your complaint investigations and redress calculations to our experts?