Successful corporate and
In any business, everything is ultimately connected to everything else - especially when it comes to the structures, processes and policies by which a business is run and controlled.
SOLEXA sees itself as a bridge builder that connects the WHAT with the HOW to achieve the desired results: stronger sustainability, higher security and greater trust.
The success of regulation and compliance is based on the simplicity of our potential triangle.
The focus
is always on
the relevant
areas
This ultimately affects the entire company because they affect various levels - both internally and externally.
How and where does
the SOLEXA method apply?
Some concrete examples
show it
-
GDPR / DSGVO and revDSG
Task
The innovations of the European General Data Protection Regulation (GDPR / DSGVO) and the revised Swiss Data Protection Act (revDSG) are to be developed and implemented.
Customer
Swiss Insurance and Swiss Bank
Challenge
- Existing processes, IT systems, documents and responsible persons had to be identified.
- Data protection understanding and operational skills had to be built up - both in business units and management.
- The data protection readiness of existing IT systems should be assessed.
- Monitoring for processes and audit documentation had to be established.
Solution
- The implementation model of the 12 most important core topics in data protection was presented, prioritised and introduced.
- SOLEXA raised awareness with the responsible persons and the management by training, brown-bag sessions and webinars.
- We worked out the further implementation needs on the topic of data protection and passed them on to the operational area of responsibility.
Customer benefits
- Increased security of customer and employee data by improving data protection.
- Process efficiency and compliance with the European General Data Protection Regulation (GDPR) and the revised Data Protection Act (revDSG) using a risk-based, practical implementation.
-
Innovations of the Swiss Anti-Money Laundering Act
Task
The innovations of the Swiss Money Laundering Act must be developed and implemented.
Customer
Swiss Cantonal Bank
Challenge
- Relevant clients and beneficial owners needed to be identified and contacted.
- The bank's retail system must be updated in a timely manner.
- Less time for implementation and availability of internal staff.
Solution
- Data analytics in compliance to determine customer volume and necessary prioritisation.
- The relevant staff and teams were involved, and the processes and documents for customer interactions were developed.
- The bank retail system and other IT systems were adapted and tested by SOLEXA.
Customer benefits
- Process efficiency through fewer manual steps.
- There is now a reusable solution approach for further controlled customer interactions.
- Improve the outcome for regulatory requirements thanks to prioritised and rapid implementation.
-
International money laundering act, terrorist financing and sanctions list
Task
The requirements of the international Money Laundering Act, terrorist financing and the sanctions list had to be developed and implemented.
Customer
Swiss insurance
Challenge
- The requirements of the International Money Laundering Act were to be implemented by the group of companies within a specified period of time, as well as any necessary national updates.
- The outdated and costly IT system had to be adapted.
- The budget and the staff with a good understanding of the issues and processes should remain available.
Solution
- In addition to the group target, SOLEXA also prioritised national updates.
- We developed an agile, forward-looking process planning and deployed staff in a targeted manner.
- We worked with standardised processes.
Customer benefits
- Regulatory, international and national rules are now being respected again.
- The understanding of facts and processes in the cooperation with IT is more effective.
-
eDiscovery / eForensic solution in Compliance
Task
The task was to develop and implement a solution for eDiscovery / eForensic in Compliance.
Customer
Swiss insurance
Challenge
- SOLEXA should find old, relevant information, files, emails, contracts and protocols.
- (Former) employees from the affected period also had to be included.
- The task was to manage a very sensitive project in a "safe environment" with foresight.
- The budget and subject matter experts needed to be available to assess the reputational risk, possible fines and necessary next steps.
Solution
- SOLEXA applied data analytics in compliance, targeted eDiscovery / eForensic methods.
- Information was found in interviews, physical and digital archives and backups.
- We took an agile approach to data structuring, prioritisation, analysis and documentation.
- The Board of Directors and the Executive Board were always informed.
Customer benefits
- The reputational risk was reduced.
- The past shows itself transparently.
-
Financial crime reports based on data analytics in compliance
Task
Financial crime reports based on data analytics in compliance had to be developed and implemented.
Customer
Large Swiss bank
Challenge
- The reporting basis of Compliance for the management of the banking group had to be made available in real time.
- A Target Operating Model (TOM) for the near-shore Shared Service Team was required.
Solution
- SOLEXA developed and implemented an international analysis of customer data in real time and created reports using data analytics.
- Analysis, definition and implementation of new financial crime compliance reports.
- We developed a Target Operating Model (TOM) for the near-shore shared service team and implemented it - with staff recruitment, process set- up, process handover, training and active engagement.
Customer benefits
- Timely and improved compliance reports for the banking group's management.
- Faster decision-making process thanks to clear data basis.
- Local cost reduction by handing over repetitive standard processes with the help of the near-shore Shared Service Team.
-
IFRS 4/9 and 24/7 service model
Task
IFRS 4/9 and a 24/7 service model had to be developed and implemented.
Customer
Swiss Insurance Group
Challenge
- Country-specific developments as well as the introduction of the strategic financial process transformation, based on IFRS4/9, in Switzerland had to be taken into account.
- SAP-based "Classic General Ledger to New General Ledger" transfer.
- The programme duration had to be adhered to.
- The task was to implement financial process outsourcing.
Solution
- SOLEXA developed and implemented standardised processes.
- We created and used templates.
- Internally and externally, we led team members in eight project teams and conducted intensive stakeholder management at local and group level.
Customer benefits
- Raising international process standards.
- Reduction of technical interfaces and dependencies.
- Process efficiency through the introduced international 24/7 service model.
-
Structures and strategies for large-scale project turnaround
Task
The task was to develop and implement simple financial structures and a restructuring strategy for a major project in difficulties.
Customer
International software and consulting company
Challenge
- The project had to be led to success in an unbalanced situation.
- Financial measures needed to be defined in the short term to ensure the operation of the project.
- A restructuring strategy should be created for the entire large-scale software development project.
- What was needed was the development of a long-term strategy to increase turnover and to achieve more transparency in finances and controlling.
Solution
- SOLEXA rescheduled the project, contracts were renegotiated.
- The number of employees was reduced from 500 to 250 - in more than three countries with 16 international development teams.
- SOLEXA created and implemented effective controlling processes and tools.
- We rely on regular discussions at the monthly and quarterly closing - with the CFO as well as the national and international senior management.
Customer benefits
- Project turnaround completed, after 11 months.
- Improved effectiveness while maintaining quality and timely development deliveries, after 12 months.
- Strong cost reduction within the first three months.