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Services

Regulatory, Risk, and Compliance Operations Services

Digitally transforming your business operations

Our services and solutions are designed to help clients digitally transform core business operations so they can focus more on what’s important to the organization, enhance their operational performance, and anticipate and prepare for addressing emerging risks.

The future of operations is now

Across industries, traditional lines between operations and information technology (IT) are blurring to the point of disappearing. Current operating models with specialist labor forces, supported by complex legacy systems and infrastructures, are giving way to models in which large swaths of core operations and processing are performed by external vendors and collaborative technologies. This trend is enabling operations to unlock value across multiple dimensions including cost, service, and risk.

As such, the operating environment is shifting from legacy platforms and end-user computing tools to innovative technologies hosted on scalable and distributed platforms. Technologies such as cloud computing, business process management, robotic process automation, cognitive intelligence tools, and predictive analytics are enabling operations to reduce manual workloads, execute near real-time processing, and provide transparency consistent with internal and external stakeholders’ evolving expectations.

Increasingly, industry-leading operations environments will be capable of:

  • Agility and flexibility that allow operations to quickly and effectively respond to industry and business changes
  • Automated workflows that augment and amplify business processes and human activities
  • Extensive front-end self-service with full transparency into transaction and service request status
  • Knowledgeable workers who develop deep industry experience and technology skills by doing more value-added work rather than mundane, repetitive tasks.
  • Evolutionary architecture, hosted in the cloud, providing cost efficiencies and ability to keep pace with the rate of innovation
  • Holistic controls and oversight with real-time visibility into controlling environment health, enabling proactive decision making and risk mitigation

circuit tree

Enabling your future state. These enablers can help organizations harness the future of operations

Our services

We help organizations transform, modernize, and shape the future of work within operations through innovative approaches and emerging technologies, including:

  • Command center—Redefining how operations leaders manage their business by aggregating operations, risk, and technology performance information into views that provide analytics, trending, and insights across functions
  • Client lifecycle—Enhancing customer experience by identifying efficiencies and controls throughout the customer lifecycle
  • Core operations—Redesigning the operations to include centralized workstations and shifting work to exception-based processes enabled by next-generation technologies and infrastructure
  • Industrialization offerings—Leveraging design and modeling, simulation, and process prototyping to enable more nimble and lower cost transformation across the operations lifecycle and to keep up with the rapid rate of change in customer preferences, regulatory expectations, and industry landscape changes
  • Contract management—Advising on how to streamline contract lifecycle management processes, improve response time, and strengthen operating models through program improvement and managed services, including helping clients launch programs to comply with regulatory and industry mandates, implementing technology solutions, and building out holistic operating models
  • Digital controls—Proactively helping to manage risk and regulatory compliance through predictive technologies, analytics, machine learning, and automation to significantly reduce manual controls, increase transparency, and improve the quality and depth of reporting
  • Trade and regulatory reporting—Offering a cloud-based, scalable, cost-effective, and configurable approach to accelerate regulatory compliance while streamlining the data aggregation and reporting pipeline

 

Industry-specific challenges and opportunities

Take advantage of our deep knowledge, experience, and resources in the following industries to help you address your organization’s most pressing operations issues:

Viewing financial services operations as a cost center is an outdated paradigm. Today and in the future, operations should help accelerate growth and address risks. How? By creating value and focusing on efficiency, scale, and client experience. Deloitte helps our financial services clients move in this direction through:

• Automated insight—Reading earnings transcripts to assess management sentiment

• Relationship mapping—Identifying nonintuitive relationships between securities and market indicators

• Alternative datasets—Analyzing alternative data, such as weather forecasts and container ship movements, and monitoring search engines for words on specific topics to structure hedging strategies

• Growth opportunities—Using corporate website traffic to gauge future growth along with clients' behavioral patterns

• Client outreach—Using alternative data sources, such as social media, for smart client outreach and demand generation via analytics

• Powering risk performance—Monitoring for suspicious transactions and triggering response protocols using AI-based algorithms and machine learning

• Reporting and Servicing—Generating client reports, portfolio and risk commentary, and marketing material using natural language processing

• On-demand reporting—Using chatbots and machine learning to respond to employee or investor queries and generating management reports on demand

• Employee insights—Monitoring employee conduct risk and employee morale

• Process efficiency—Using workflow tools to streamline manual processes such as trade exception processing or client document processing

Learn more

For hospitals and health systems to receive appropriate reimbursements, the various parts of the revenue cycle must work in alignment. The middle of the revenue cycle—including clinical documentation, case management, charge processing, and coding—is critical to that alignment. Deloitte can help, especially with Clinical Documentation Improvement and Charge Capture Transformation, including:

• Operating model transformation

• Harnessing technology

• Leveraging people more effectively

• Redesigning, implementing, and improving end-to-end clinical documentation processes

Under increasing margin pressures, regulatory scrutiny, and public demand for higher quality and lower costs, life sciences companies are seeking opportunities to streamline, modernize, and reduce the costs of core operations. Deloitte can help with these services:

• IT Quality services—An enterprise-wide set of solutions and services, powered by our QSpace™ validation lifecycle management system, designed to help life sciences organizations achieve their strategic imperatives and evolve over the IT quality maturity curve faster while reducing investment. Learn more.

• Regulatory transformation—A regulatory compliance strategy for life sciences companies to help them modernize their compliance programs through automation technologies, including robotic process automation and cognitive intelligence, in an effort to streamline these processes. Learn more.

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Get in touch

Alex Brady

Alex Brady

Principal | Deloitte & Touche LLP

Alex is a Risk & Financial Advisory principal in Deloitte & Touche LLP's Regulatory & Operations Risk market offering. He provides services to clients around regulatory capital implementation and fram... More