With the advancement of technology and the development of Fintech, a wide range of financial services are available for medium-sized companies, which, with regulatory compliance and internal control, allows medium-sized companies to reduce their risks and improve their operational efficiency. Below, we will learn how Pilsenga contributes to medium-sized companies in internal control and regulatory compliance.
Automated financial operations
One of Pilsenga’s primary tools to help internal control and regulatory compliance is the automation of financial operations for medium-sized companies to reduce the percentage of manual errors and keep a detailed record of all their operations. Medium-sized companies can benefit from this service by carrying out automated workflows and ensuring accuracy and consistency in accounting tasks, such as reporting, reconciliations, and transaction tracking, which can translate into better internal control.
Risk management and regulatory compliance
Pilsenga can provide advice and personalized service to medium-sized companies to improve their operational efficiency and comply with the different regulations of the sector, which will help them avoid sanctions/fines, prevent fraudulent activities, avoid money laundering, and identify anomalies on time.
IBAN & e-money services
Pilsenga is an entity that provides IBAN & and e-money services, which allows medium-sized companies to send and receive payments, make national and international transactions, and manage accounts, among others. Examples of this are multi-currency IBAN accounts and SEPA payments.
All this allows medium-sized companies to have better management of their resources and more efficient internal control since these services are tailored to the needs and size of each company.
Dedicated IBAN account
Pilsenga offers medium-sized companies the service of dedicated IBAN accounts, which can help companies in their internal control and regulatory compliance, since through this type of accounts, they can comply with the different local regulations (which require dedicated business accounts), in addition to promoting better management and control of the organization’s financial resources, since the company can have more order and better visualization of all its asset flow (expenses and income).
Accounting package
Pilsenga helps internal control and regulatory compliance of medium-sized companies through its accounting package, which can keep a complete and efficient record of all company financial transactions. Within this accounting package, the following tools are highlighted:
VC ledger for medium-sized companies to have better control and follow-up of their transactions in virtual currency (VC).
FIAT ledger for medium-sized companies to have better control and detailed tracking of all transactions in fiat currency (FIAT).
Financial industry standards
Pilsenga has a platform that complies with the different standards of the financial industry; for example, it meets the norms and standards of the following entities:
– Financial Conduct Authority (FCA).
– Lithuanian Financial Crime Investigation Unit.
– Anti-money laundering regulations.
– Standard of prudential requirements.
– EBA guidelines standard on the security of Internet payments.
All this allows Pilsenga to have a high level of security in its platform besides complying with the different local and international norms and regulations.
What do you think about this topic? Would you like to know more about Pilsenga’s services for medium-sized companies?
If you are interested in Pilsenga’s products or services, you can visit our website and register on our platform by visiting the following link.
