A Closer Look at Zygos 2024 Updates: Changes in Reporting, Compliance, and Financial Management

In 2024, Zygos introduced several updates to improve how Corporate Service Providers, Lawyers, and Accountants manage reporting, compliance, financial tools, corporate management, usability, screening and monitoring. These updates make the platform more practical and user-friendly, focusing on simplifying workflows and enhancing functionality. Below is a detailed look at the most important changes.

Reporting Changes

Zygos updated its reporting tools to help Corporate Service Providers, Lawyers, and Accountants work with data more effectively. For instance, the platform now includes additional options for organizing reports. These changes make it easier to focus on the information that matters most. As a result, tracking progress and analyzing data has become faster and more reliable.

Compliance Updates

Zygos has made compliance management more straightforward for Corporate Service Providers and Accountants, who often handle complex KYC workflows. Updates to mandatory document management reduce the risk of errors. Additionally, the ongoing monitoring feature now tracks changes in risk profiles and compliance statuses in real time. Because this tool alerts users immediately when risks arise, potential problems can be addressed without delay.

Financial Tool Updates

Managing financial tasks is now more efficient for Accountants and Corporate Service Providers. Zygos has improved how recurring charges are applied, requiring fewer manual inputs. Similarly, the invoicing process has been simplified to save time. These updates ensure users can access financial information quickly and focus on reviewing essential data rather than spending time on repetitive tasks.

Corporate and Legal Features

Zygos has introduced new tools for handling corporate structures and legal processes, supporting the work of Corporate Service Providers and Lawyers. For example, tracking ownership details and managing documentation is now more organized. These changes make it easier to comply with jurisdiction-specific requirements and handle complex corporate workflows. As a result, users can complete legal and corporate tasks with less confusion and more accuracy.

Ongoing Monitoring and Alerts

The new ongoing monitoring feature helps Corporate Service Providers and Accountants stay updated on risks and compliance issues. It tracks changes automatically and provides alerts when potential problems arise. This allows users to respond quickly without needing to manually review compliance details. By adding this feature, Zygos helps users maintain compliance and address risks proactively.

Integration and Data Insights

Zygos now integrates more easily with third-party tools, allowing Lawyers, Corporate Service Providers, and Accountants to connect workflows across platforms. Furthermore, new data insights provide valuable analysis that supports better decision-making. These features help users manage projects and datasets with greater precision, ensuring they stay informed and prepared.

Conclusion