Governance.com, a Luxembourg-based company that provides technology-enabled governance solutions, has secured €3 million through its latest investment round. Founded in 2014, Governance.com helps regulated businesses achieve sustainable business success by understanding critical process information, enabling users to identify and deal with exceptions while recording every action in a perfect audit trail.
“Connect data across organisational silos and make it available in simple views and easy-to-understand dashboards. Create automated workflows and ensure that every step of each process is followed as designed, while increasing efficiency and eliminating repetitive tasks. Governance.com gives you real-time business intelligence, at your fingertips, whenever you need and wherever you are. Our ‘Ready-To-Go’ suite is a collection of modular solutions, designed to cover specific regulatory and business challenges that can be implemented quickly and provide immediate operational relief and risk mitigation.”
According to Silicon Luxembourg, the latest funding is in addition to the €2 million raised by the company in 2016. Speaking about the company’s services, Bert Boerman, CEO of Governance.com, revealed to the media outlet:
“Our ready-to-go solutions for fund managers and depositaries, combined with our new CRM solution, are extremely well received. The pre-configurated models, in line with CSSF circulars like 18/698 and 18/697, enable clients to be immediately operational with cost effective implementations. Moreover, our new robotic process automation technology can help increase compliance productivity by 25%, while ensuring that our clients can always demonstrate regulatory compliance.”
Georges Bock, Chief Strategy Officer of Governance.com, added:
“The year 2019 was very good, year 2020 will be even better. We are on our track to become Luxembourg champion and a recognized regional player for digital governance solutions in the asset management industry. We remain very ambitious. We plan to revolutionize the entire governance ecosystem by simplifying matters and reducing the costs of any corporate governance challenge. Some major announcements will follow soon, so stay tuned!”
The funding will be used to continue the growth and development of Governance.com’s platform.