Corporate Policy Compliance Agent

Ensures financial compliance by checking transactions against company policies and flags issues for finance team review.

About the Agent

The Corporate Policy Compliance Agent is designed to improve policy adherence by utilizing generative AI to automatically sort financial activities into categories based on internal corporate policies. This automation frees finance teams from the manual task of checking each transaction for compliance, enabling them to concentrate on more strategic activities. With its advanced capability to flag deviations from guidelines, the Corporate Policy Compliance Agent ensures high precision in identifying non-compliant activities, leading to a significant reduction in the risk of financial misconduct and driving overall business integrity.

The agent reviews a range of financial records, such as expense reports, invoices, and payments, to efficiently identify transactions that do not comply with internal policies. When non-compliant activity is detected, it flags these for the finance team’s review, enhancing adherence to corporate policies and strengthening the audit trail. By quickly highlighting discrepancies, finance teams can proactively address issues before they escalate, safeguarding the organization against financial risks. Also, the agent reduces the manual workload for finance employees, allowing them to focus on strategic goals while minimizing human error and ensuring consistent financial operations. This streamlined process ultimately saves time and enables teams to concentrate on value-added activities like financial analysis and strategic planning, increasing overall efficiency and productivity.

Finally, the agent's seamless integration with existing enterprise systems makes it a powerful tool for maintaining compliance across all financial transactions. The ongoing enhancement of the agent, driven by a human feedback loop, ensures that it continuously evolves to meet the changing needs of the organization. Users can input feedback in natural language, further refining the agent's functionality and improving its ability to maintain the integrity of financial operations. As a result, the Corporate Policy Compliance Agent becomes an indispensable asset in upholding corporate governance and ensuring that all financial activities align with the company's ethical and regulatory expectations.

Accuracy
TBD

Speed
TBD

Input Data Set

Sample of data set required for Corporate Policy Compliance Agent:

Corporate Policy Compliance

Compliance Check Criteria:

  • Authorization limits: Verifies whether expense amounts fall within approved limits for different expense types.
  • Expense categories: Ensures expenses are categorized correctly (e.g., Travel, Meals, Software Purchases, etc.).
  • Approval workflow: Checks if the necessary approvals were obtained.
  • Transaction documentation: Ensures all required documentation (e.g., receipts) is attached.
TransactionIDEmployeeNameDepartmentExpenseTypeAmountApprovalStatusTransactionDatePolicyRule
1001Emily JohnsonMarketingTravel2500.0Approved2024-09-12MaxTravelExpense
1002John SmithSalesMeals450.0Approved2024-09-15MaxMealExpense
1003Sarah MillerFinanceSoftware Purchase10000.0Approved2024-09-20AuthorizationLimit
1004Robert BrownITEquipment Purchase15000.0Approved2024-09-22MaxPurchaseLimit
1005Jessica DavisHRTraining800.0Approved2024-09-25MaxTrainingExpense

Deliverable Example

Sample output delivered by the Corporate Policy Compliance Agent:

TransactionIDEmployeeNameDepartmentExpenseTypeAmountTransactionDateDeviationReason
1001Emily JohnsonMarketingTravel2500.02024-09-12Exceeds Max Travel Expense ($2000 Limit)
1003Sarah MillerFinanceSoftware Purchase10000.02024-09-20Exceeds Authorization Limit ($5000 Limit)
1004Robert BrownITEquipment Purchase15000.02024-09-22Exceeds Max Purchase Limit ($12000 Limit)