ADMK streamlines compliance with automation and Creditro
The auditing firm ADMK has made significant strides towards efficiency by automating their processes, including the management of Know Your Customer and anti-money laundering documentation.
ADMK’s director, Kenneth Sørensen, readily admits
that the Know Your Customer process has been somewhat lacking.
Through the industry association Cereda, the auditor encountered Visma Creditro, which has been automating their KYC/AML process since September 2021.
ADMK transforms their processes through automation
Know Your Customer, anti-money laundering documentation, new accounting law - there's a lot to keep track of. Therefore, it's perhaps not surprising that many companies are falling behind. However, this is a thing of the past for the auditing firm ADMK, which has automated its processes.
“We have significantly improved our ability to gather the correct information on all our clients, ensuring we are prepared for any potential audits in the future,” says ADMK’s Director, Auditor, cand.merc.au, Kenneth Sørensen.
Tightened compliance measures
ADMK supports all types of businesses and industries, providing both consulting and accounting assistance to individuals as well as small and medium-sized enterprises nationwide. Their expertise spans broadly across the auditing spectrum, and with a diverse range of clients, compliance is crucial.
Increased focus on compliance
"There is no doubt that we smaller accounting firms have probably lagged a bit in getting a handle on this Know Your Customer and anti-money laundering documentation," says Kenneth, adding, "We have significantly improved our compliance, and we've also received some really cool credit reports on our clients for internal use, which is an added bonus."
Cereda was the gateway to the collaboration
ADMK is a member of Cereda, the voluntary industry association for bookkeepers and accountants, known for its quality and high professionalism. It was through this association that ADMK first became aware of Creditro.
"The reason we chose Creditro's solution is that we are part of this working group called Cereda, and it was through them that we received recommendations about Creditro," explains Kenneth.
He mentions that he came across other services during his search but is pleased that the choice landed on Creditro.
"I would recommend it as a good and user-friendly solution. I also think it's quite affordable for the service we receive, so I can only recommend Creditro to others."
Let's simplify your
compliance work
Compliance can be cumbersome, but it's essential. We assist you in completing the task in a straightforward and efficient manner, giving you time for other valuable tasks.