FOR IMMEDIATE RELEASE
Integration specialist Yenlo develops an automated connection between the Grub Platform of ComplianceWise and the CRM/ERP system AFAS
Amsterdam, 17 January 2023 – Multi-Vendor integration specialist Yenlo has entered into a strategic partnership with AML/CFT-SaaS developer ComplianceWise. The collaboration aims to help accountancy firms better manage risks related to Anti-Money Laundering and Combating The Financing of Terrorism (AML/CFT) regulations by automating and simplifying compliance processes.
AML/CFT regulations are becoming increasingly stricter, and at the same time, society considers it more and more important that financial service providers prioritize integrity. Currently, a compliance officer at an average accountancy firm needs four to five thousand hours a year to manually check whether customers are still AML/CFT compliant. Yenlo and ComplianceWise see opportunities to significantly simplify and accelerate this process through modern technologies.
“In times when it’s difficult to attract qualified personnel, it’s all the more important that crucial business processes are automated fully from A to Z. With the strategic collaboration between ComplianceWise and Yenlo, we are taking the next step in chain automation, taking a load off of customers while making them compliant.” – Ruben van der Zwan, CEO & Co-Founder, Yenlo
“We wanted to enter into a partnership with Yenlo because they are a large party with a great deal of expertise that also has the knowledge to develop the connection continuously. This collaboration will help accountancy firms to be truly compliant. Our platform gives customers full insight into integrity risks, and the connection makes it even easier to act from the customer’s CRM/ERP systems.” – Christiaan Dappers, CEO & Co-Founder, ComplianceWise
Complete insight into money laundering and integrity risks
This service will represent major progress for accountancy firms in managing money laundering and integrity risks. Accountancy firms can easily, quickly, and automatically comply with the entire AML/CFT regulation thanks to the cooperation of Yenlo and ComplianceWise. Accountancy firms can act swiftly by having daily access to up-to-date information in the field of PEP & sanctions, adverse media, country risk, and business activities. In addition, threats such as insolvency and networks are also made more transparent.
Initially, Yenlo and ComplianceWise will focus on serving accountancy firms. However, in the future, this service will also be made available to other parties subject to AML/CFT compliance, such as civil-law notaries.
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For more information on this subject or to request an interview with Yenlo’s CEO, Ruben van der Zwan, please contact:
Marloes Klaver, Marketing Manager
Phone: +31 20 2700 700