President & CEO | Global Compliance Solutions at Self-Aware Intelligent Solutions - Mason City, IA, US
Compliance is a business bottleneck to growth– 1/3 of companies spend one day per week keeping up with regulations.*Within the last ten years, enforcement of the FCPA (Foreign Corrupt Practices Act) has risen dramatically. The largest fines have exceeded $800 million and the cost of the defense was an additional $1.2 Billion. This year the DOJ has increased enforcement of FCPA by adding 50% more prosecutors and the FBI has established three new squads of special agents devoted to FCPA investigation and prosecution. These regulations are complex and ever changing, creating a time consuming, labor intensive, process for clients.Self-Aware Intelligent Solutions (SAIS) focuses our smart cloud based solutions on the compliant certification and on boarding of 3rd Party Distributors and Suppliers. SAIS is a unique company whose focus is supporting the business and keeping our customers compliant. The intelligent solutions assess the data and, unlike traditional solutions, TAKES ACTION, thereby transforming the customers' burden of escalating regulation into a competitive advantage. SAIS reduces the time and cost of the certification process from as long as 18 months to as short as 3 months in support of accelerating the business growth. The KYDS solutions are readily available and non-disruptive to business if audited by government agencies.The SAIS Qualification System is similar to a ‘self-driving car'. It is rules driven and reacting to the world around it, letting business people focus on the business, not compliance, allowing the business to grow unimpeded! If the rules, laws, market, or organization change, the solution will react instantly to the change and automatically take the appropriate action.