Before calculating ROI, it's important to understand all the costs associated with implementing and using the software. These costs fall into two main categories:
Example:
Your team dedicates 100 hours (at $50 per hour) to implementation, resulting in a cost of:
Example:
The provider charges a monthly subscription of $2,000. This adds up to:
Estimated total cost for the first year:
ROI depends not only on costs, but also on the benefits that the software brings to your institution. Here are more ideas for identifying and calculating these benefits:
Example: If you automate processes that consumed 80 hours per month and your team's hourly cost is $50.
Failure to comply with regulations can result in significant fines. Good PLD software helps reduce this risk.
Example: Your industry faces average fines of $100,000. With software, risk is reduced by 90%.
Example: Reducing false positives by 50% saves 40 hours a month.
Use the basic ROI formula:
Practical example:
In this case, the investment in the PLD software would generate a return of 458.62% in the first year.
It is important to note that implementing PLD software also involves certain costs that may vary depending on the institution:
In addition to the calculations mentioned above, PLD software such as Complif offers additional benefits that can transform your operations:
The impact of PLD software goes beyond direct savings or the reduction of regulatory sanctions. Improvements in productivity, customer experience and operational efficiency are just as valuable for achieving robust and scalable compliance. While some of these costs are unavoidable, a good software vendor, such as Complif, works to minimize them by offering technical support, agile integrations, and effective training from the start. If you are looking to optimize these aspects in your institution, Complif may be the solution you need.
Desde Complif estamos para ayudar a los equipos de compliance y prevención de lavado de dinero a hacer su día a día más eficiente y disminuir las fricciones de tiempo y monitoreo. ¡Escribinos!.
For banks and financial institutions, onboarding new customers is a critical yet complex process. Compliance teams must balance regulatory requirements with customer experience while ensuring fraud prevention and risk management. Lengthy manual verifications and compliance hurdles often slow down account opening, leading to customer drop-offs and inefficiencies. Complif provides a seamless, automated solution that accelerates account origination while maintaining full regulatory compliance.
Banks and financial institutions must conduct periodic KYC (Know Your Customer) and compliance reviews to ensure ongoing due diligence and regulatory adherence. However, these reviews can be time-consuming, manual-intensive, and prone to inefficiencies. Complif transforms this process by automating periodic reviews, reducing compliance workload, and ensuring real-time risk assessment.
Banks and financial institutions are under constant regulatory pressure to detect suspicious activity, comply with Anti-Money Laundering (AML) laws, and reduce financial crime risks. Traditional transaction monitoring systems can be slow, inefficient, and prone to false positives, leading to compliance fatigue and operational inefficiencies. Complif provides a next-generation AML monitoring solution that enhances compliance productivity, reduces false alerts, and enables proactive risk detection.
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