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Simply Powerful Software
Governance Risk and Compliance Software
Built for the way you do business
Oyster Solutions is designed for the way you work, today and tomorrow as your firm grows.
With configurable workflows, Oyster Solutions allows you and your employees to see what needs to be completed and when. Your firm’s policies, procedures and workflows are aligned to risks, so your team can prioritize the important tasks.
Your firm will quickly be on the path to compliance success with our rapid implementation.Request A Demo
Oyster Solutions took our compliance program to the next level and provided me, as CCO, time to focus on developing more strategic goals for our program and to better serve my internal clientsCurrent Oyster Solutions Client
At the core of Oyster Solutions is an advanced engine that drives entitlements, roles, visibility and firm-specific hierarchy.
Oyster Solutions doesn’t overwhelm users with information they don’t need. Our roles-based approach gives your users access to the information they need, when they need it.
Adopting appropriate compliance behaviors is easy with powerful workflows and processes. You get peace of mind knowing your firm is meeting its regulatory responsibilities.
Around the Core, Oyster Solution’s modules that are anything but usual. Our modules are custom designed and offer flexibility unique to the marketplace.
Planner is designed with workflows and tasks enforcing the processes you outline in your policies. The compliance calendar moves these tasks through the approval process with ease and automation.
The Govern module eloquently maps controls to your firm’s personalized risk profile.
Monitor’s configurable alert engine flags client activity for supervisors and customizes response workflows for the utmost in efficiency.
Our CAT (Consolidated Audit Trail) module is industry leading for ingesting data and error correction.
Pulling together the most recent innovations in the industry, the Fund Analyzer allows suitability to be figured and viewed with the widest lens.
By leveraging modern technology, Oyster’s modules will allow you and your team to confidently meet today’s toughest compliance challenges.
The Modules: Planner
The Oyster Solutions Planner Module has an integrated workflow engine and calendar that allows for one stop to see your program in action. It also has over 100 default templates to collect information, route and approve requests, and document results. Roles-based entitlements allow for supervision, oversight and testing in one platform that proves the results.
The Modules: Govern
Capitalize on the opportunity for efficiency—The Govern module keeps your business and products aligned. Your policies and procedures are integrated using workflows aligned to your controls map, regulatory requirements and risk inventory. Providing you full view across all lines of defense.
The Modules: Monitor
Monitor provides alerts and integrated workflows for your trade monitoring. Alerts are aligned to your client’s profile to meet your Regulation Best Interest (Reg BI) requirements. Customize your Account, Client, Activity, Risk and Conflict alerts as your company evolves. Automate your code of ethics and compliance with watchlist and employee trade monitoring.
The Modules: CAT
Oyster’s CAT module helps firms manage their Consolidated Audit Trail (CAT) reporting events, errors analysis and validation by aggregating all trading and reporting data into one program. You can view data from every source by seamlessly combining files from back office providers, OMSs, EMSs and FINRA CAT. Each trade can be tracked from order entry, through every route and OMS, until sending it to the street.
The Modules: Fund Analyzer
Oyster’s Fund Analyzer Module helps firms achieve compliance with best execution, breakpoint requirements, and Reg BI by bringing the relevant data into a simple and efficient process. Meeting one of our industry’s toughest challenges, this module ingests household assets, time horizons, investment objectives and risk tolerance. Then fund data is used to provide recommendations as well as reasonable alternatives based on analyzed data.
- What does Oyster Solutions do?
Oyster Solutions creates simplicity for members of your organization by pulling together the information you need at the right time. Risk assessments, Policies and Procedures, Employee Profile, Associate Attestations, Approval Requests, Testing and Exams, Client Profile, Trade Activity, Asset Movements, are aligned using a highly configurable workflow and rules engine to align your operations, risk management and compliance processes into a simple process for your users. Your team is emailed with a link that guides them through a step by step process to achieve consistent, quality outcomes. Our rules engine identifies risks associated with conflicts of interest, pricing concerns, and market risk to help you achieve a well documented culture of compliance.
- Is Oyster Solutions Cloud Based?
Yes. Oyster Solutions is hosted on the Amazon Web Services cloud and accessed securely using all major browsers. Our platform is optimized for mobile devices and desktop for ultimate flexibility.
- Does Oyster Solutions Retain Books and Records?
Yes, Oyster Solutions is Write Once Read Many (WORM) compliant and all workflows and updates are logged, backed up, and retained.
- How Does Oyster Support the Software?
Oyster Solutions offers multiple support options with electronic and telephone support. Oyster Consulting provides industry experts to support your advanced needs, including outsourcing.
- Does the System Offer Single Sign-On and Dual Factor Authentication?
Yes. As part of our implementation process, we can implement a single sign-on option working with your IT team. Multi-factor authentication is easily facilitated by a system administrator
- Can I Build Workflows?
Yes. Users can build workflows, or our team can work with you to configure workflows to your specific needs.
- Can You Bring in Multiple Sources of Data?
Yes. Oyster Solutions accepts data from multiple custodians and other client systems to help make you more efficient and effective.