31 July 2013

Credit Suisse upgrades data software for legal and compliance

Global financial services giant Credit Suisse has implemented a new software to improve the efficiency and management of its legal and compliance services.

By Charlotte Mullen

Credit Suisse's new cloud management time tracking system comes from Silicon Valley firm Replicon Pincasso

Computerworld UK reports that the cloud time management tracking solution from US Silicon Valley-based firm Replicon has replaced the company’s former system of manually collecting management information using Excel spreadsheets, which made it difficult to have accurate overviews of time and costing. 

Data input

The programme allows general counsel staff to input their own data into the system and state how much time each individual task took. This would make it easier for the firm to see the cost of shared services and compare statistics from various different offices, being able to allocate specific resources where needed.

Proving compliance

One of the motives of the software change was to improve the management of general counsel projects and ensure that the company could easily give such data to regulators in order to prove compliance with regulations.

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