Outsourcing Controlling

VAM@ARTEMEON Outsourcing Controlling Software

Identification & documentation of outsourcing events and IT procurement events
Financial Institutions: outsourcing controlling acc. to KWG § 25b, MaRisk AT9, EBA / GL / 2019 / 02, BAIT 8
Investment Management Companies: outsourcing controlling acc. to KAGB §36, KAMaRisk Zf. 10, KAIT 8; CSSF 18/698 and CSSF 17/654 as well as DV (EU) No. 231/2013
Insurance Companies: outsourcing controlling acc. to VAG §32, MaGo and VAIT
Provider Management via KPI/KRI monitoring dashboard
Monitoring of sub-outsourcing and concentration risks
Monitoring of exit options by exit scenario
Workflow, escalation and notification functionalities
Reporting, i.e. outsourcing register, cloud information directory and outsourcing reports

ARTEMEON – VAM@ARTEMEON supports business partner due diligence, risk analysis and the monitoring of suboutsourcings.

Our VAM@ARTEMEON software deploys different regulatory regimes depending on the type of institution and the underlying regulation. The VAM@ARTEMEON workflows and contents for financial institutions are based on the requirements according to KWG § 25b, MaRisk AT9, EBA/GL/2019/02 and BAIT. For investment management firms, workflows and contents are set up in accordance with KAGB §36, KAMaRisk item 10, KAIT or DV (EU) No. 231/2013. Country-specific requirements – e.g. Luxembourg CSSF 18/698 and CSSF 17/654 are also reflected in the software. Outsourcing controlling for insurance companies is designed based on VAG §36, MaGo, VAIT and DVO requirements.

VAM@ARTEMEON supports business partner due diligence, risk analysis and the monitoring of suboutsourcings. A report generator can be used to generate relevant reports (e.g. outsourcing register, cloud information directory and outsourcing reports) at the push of a button. Continuous outsourcing monitoring is digitised in VAM@ARTEMEON via controls and risk indicators.

VAM@ARTEMEON is used by credit institutions, investment management firms and insurance companies to implement a regulatory compliant, efficient outsourcing management.