MJ Hudson, a corporate services group, has adopted compliance technology in its asset management consulting business.
The move will help make its compliance procedures more efficient, mitigate operational risk and cut client’s back-office costs.
The tool will be provided by Promapp, a compliance software provider.
Its cloud-based service enables faster process tracking and centralizes workflows onto one platform.
A number of firms have released or updated private equity compliance and reporting technology this year, including KOGER, Convergence and service provider Colmore.