The group view for an administrator: every entity, snapshots and consolidation

Steps

1. 1

   Open Group Compliance as the administrator

   Signed in as the administrator, choose Group Compliance in the left menu. There is no line limiting what you see: the page covers the whole organisation. The list on the left holds seven views: Dashboard, Risk Matrix, Intercompany, Reports, Consolidated Financials, Risk Register, and Privacy policies and training.

2. 2

   Read the group dashboard

   The line above the tiles says these are live scores, that each entity is scored on the modules in use for it, and when they were last computed. Group Score is the average of the scored entities. Entities shows two, with one of two scored. Under Entity Scores, Meridian Souq Trading LLC has its overall score and module scores, and Meridian Souq E-Commerce FZ-LLC reads Not scored, no module in use: nothing has been recorded for it yet, so it is left out of the group score.

3. 3

   Capture a snapshot

   Select Capture Snapshot, at the right above the tiles. A message confirms Compliance snapshot captured. Today's group and entity scores are now stored with the date. Capture one at each month end or before a board meeting, so that you can show how the position has moved.

   • Select Capture Snapshot
4. 4

   Select Risk Matrix

   Select Risk Matrix. Both entities have a row, and each of the seven modules a column: Tax, Contracts, Workforce, Data Protection, Sanctions, Free Zone and AML. A square shows the module's score and its level in colour. Every square of the free zone company reads Not in use.

   • Select Risk Matrix
5. 5

   Select Intercompany

   Select Intercompany. This view finds transactions between the group's own entities, which must be priced at arm's length and removed when the accounts are consolidated. Select Detect Intercompany to search the entities' transactions. None of the two entities has traded with the other, so the list stays at No intercompany transactions.

   • Select Intercompany
   • Select Detect Intercompany
6. 6

   Select Reports

   Select Reports. The Consolidated Compliance Report covers both entities: the overall score, the breakdown by module, a summary for each entity, an intercompany summary, and the risk matrix as a list. The intercompany summary is the part a single-entity officer does not get.

   • Select Reports

   

7. 7

   Select Consolidated Financials

   Select Consolidated Financials. Set Period Start and Period End, which start as the current year. Detect Matches looks for pairs of intercompany transactions to eliminate, first by exact rules and then with the AI. Compute Consolidated P and L adds the entities' profit and loss together and removes the matched pairs.

   • Select Consolidated Financials
8. 8

   Compute the consolidated profit and loss

   Select Compute Consolidated P and L. The tiles show consolidated revenue, expenses, the elimination total, net profit, taxable income and corporate tax, and a table gives each entity's figures before elimination. They are zero here, because this training company has no accounting entries. The note under the tiles matters: consolidated tax is a simulation, and the actual liability depends on a tax group being formally registered with the Federal Tax Authority.

   • Select Compute Consolidated P&L
9. 9

   Select Risk Register

   Select Risk Register. This is the organisation's risk overview: the total number of risks, the critical and high ones, and the overdue treatments, then a row for each entity with its counts by level and its top risk, and the risks By Category and By Treatment Status. The risks themselves are kept in each entity's own risk register; this view only adds them up.

   • Select Risk Register
10. 10

    Open the insights panel

    Select Insights at the top right. Group readiness repeats the group score, the entities scored and the high-risk areas. Exposure shows the group tax exposure from the latest consolidation. Weakest entities ranks the entities, and Repeating risks names a risk area that shows up in more than one entity. Close the panel with the cross.

    • Select Show insights panel
11. 11

    Know the last view

    The last entry in the list, Privacy policies and training, opens the group overview of data protection governance, which the course on vendors, breaches and governance covers. It is listed here so that everything a group lead reviews is reached from one page.