Notarum superpowers your compliance team to conduct better due diligence checks faster at a fraction of the cost via our intelligent workflow and collaboration tools.
Current Status
In market and post-revenue.
Market
We have five key segments:
1. Fund Management Industry e.g. VCs 2. Technology e.g. payment solution providers 3. Professional Services Industry e.g. law firms, accounting firms 4. Large, Regulated Enterprises Industry e.g. Global FMCG companies 5. Banking Industry e.g. corporate banking, business banking
Problem or Opportunity
When companies want to do business together the on boarding process is a slow, costly frustrating experience for everyone involved.
The current global due diligence system has significant flaws: - slow: average on-boarding times exceed 3 wks - costly: huge teams are needed to process data (headcount is 80% of cost) - lacks integrity: clients supply own data and its not crossed checked
Solution (product or service)
An end-to-end workflow solution customised for each company’s specific needs where primary source data is used as the foundation for a robust due diligence process whilst the organisation is able to track all documents and data on which the decisions were based in the audit trail.
An organisation powered by Notarum benefits on three levels:
COMPLIANCE ANALYSTS are able to complete more checks faster, at a fraction of the cost because data is automatically transferred through the workflow freeing up staff time to identify risks and mitigate their effects.
MANAGERS are able to track the progress of cases and the productivity of their teams whilst scaling faster with fewer resources.
COMPANIES powered by Notarum are better protected through the use of primary source data, the consistent application of their company policies and ability to change their workflow without having to retrain staff.
Competitors
Whilst there are some large established players (Encompass, Fenegro etc.) we actually see the largest competitor as the existing process.
Millions of companies everyday undertake this process manually so we need to implement a cultural shift to where they use and really value technology.
Advantages or differentiators
An end-to-end workflow solution customised for each company’s specific needs where primary source data is used as the foundation for a robust due diligence process whilst the organisation is able to track all documents and data on which the decisions were based in the audit trail.
Finance
SaaS recurring.
Three tiered pricing structure to serve companies of any size.