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01 902 2859
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ViClarity's essential software platform saves you: Time & Money, delivering: Accountability, Efficiency & Simplicity.

What we do

ViClarity is an innovative platform that allows you to track and manage all your compliance in one system and provide powerful reports. You can build your own checklists or choose from our many pre-populated templates and customise to suit the exact needs of your Organisation.

ViClarity's latest news updates

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ViClarity And EisnerAmper Announce Partnership To Launch New Modules Into The Financial Services Market. Tralee, 30th May 2017 –ViClarity, a leading global supplier of RegTech and FinTech solutions to the financial services and healthcare markets have today announced their exclusive collaboration with forensic accounting specialists EisnerAmper Ireland, who provide Audit, Tax, Advisory and Outsourcing services. The partnership will see the two companies come together to develop solutions for the financial services industry. The partnership will provide a comprehensive blend of expertise through EisnerAmper’s industry expertise and Central Bank of Ireland experience and ViClarity’s award winning technological solutions. The unique selling point of this partnership as providers of RegTech solutions is due to EisnerAmper being experts in the “Reg” side and ViClarity are experts in the “Tech” side, ensuring that by coming together they will be able to develop industry leading RegTech solutions for the marketplace as having a strong foothold at both sides of the industry. Currently financial services companies are experiencing the burden of regulatory change with numerous amendments and updates by bodies such as The Central Bank Of Ireland. The partnership between ViClarity and EisnerAmper will address regulatory issues through the development of new solutions to meet the needs of the industry. EisnerAmper’s industry experience ensures they are on top of regulatory changes and will work with ViClarity to create valid content for solutions for the financial services industry. The companies in these sectors are experiencing difficulties in keeping up to date with the most recent regulatory changes and struggle to keep on top of their regulatory requirements.
Overview: The May 2018 implementation date for the EU backed General Data Protection Regulation (GDPR) is still some months away yet preparations need to be well underway by now. Recent findings have found that 75% of companies lack key capabilities to ensure compliance under the new regulation. This whitepaper outlines further details about GDPR and how companies can best prepare for its implementation. Read the full whitepaper by clicking the link  ViClarity - General Data Protection Regulation
Companies that fail to start planning to deal with the EU’s data protection requirements are in for a real shock when the General Data Protection Regulation (GDPR) comes into effect in 2018.  The International Association of Information Technology Asset Managers along with PWC and other global companies are reiterating this warning to firms who have not yet begun their preparations for the GDPR. Although it is an EU regulation, thousands of US firms currently doing business in Europe directly or online with European customers will need make provisions for these regulations. There are sweeping changes to how personal and corporate data is to be handled. These changes have far reaching implications for many aspects of US businesses, particularly in terms of how information security is addressed. The International Association of IT Asset Managers (IAITAM) has identified the top five impacts the EU regulations will have on all organizations worldwide.
  1. Data Breaches
GDPR states that a personal data breach is a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal data transmitted, stored or otherwise processed. The changes made in GDPR now mean breaches must be reported within 72 hours of the company becoming aware of the breach. Up until now, a data breach is typically only announced when word of the breach is leaked to the public or media.
  1. Data Protection Officer Requirements
GDPR requires all organisations who profile individuals to appoint a data protection officer. This means that some organisations who don’t already have a DPO will have to hire or contract one with expert knowledge of data protection law and practices and ability to fulfil its tasks.
  1. Consent Of Those Providing Data
The new GDPR regulation states the business must prove the data subjects consent to the processing of their data for specified purposes. This aspect of GDPR requires the active acceptance of the terms and conditions by the user.
  1. The Handling Of Europeans Data Outside Of Europe
GDPR states that any transfer of personal data to another country or an international organization may only take place if – subject to the provisions of the regulation – the conditions laid down are complied with by the controller or processor. So what this means is that any organization that works globally and handles personal information of EU citizens will be subject to the GDPR.
  1. The Possibility Of A Heavy Fine And Court Appearance
The potential for large fines is very possible for companies who break the rules under GDPR. The regulation will impose fines of up to €20 million or 4% of global annual turnover for a breach of international transfer provisions. It will also enforce fines of up to €10 million or 2% of global annual turnover for administrative and security breaches. So with these five impacts outlined you can see the importance for preparations for GDPR to begin today. PWC have found that American multinationals that have not taken significant steps to prepare for GDPR are already behind their peers. It’s important now for American companies along with their European counterparts take GDPR seriously and implement a solution to help the manage their compliance with the regulation. ViClarity, a global provider of RegTech solutions have developed a GDPR solution to enable organizations of any size prepare for the implementation of GDPR. The ViClarity solution breaks the GDPR regulation down to an automated workflow to enable organizations provide ongoing compliance once the implementation date arrives. The ViClarity GDPR Solution provides the following benefits:
  • Prepares organisations for the May 2018 GDPR implementation date.
  • Pre - Populated template mapped directly back to the GDPR regulations.
  • Automated process for managing data protection, flagging areas of concern.
  • Ongoing monitoring of risks, controls and actions in the area of data protection.
  • Highly visual reports for comprehensive board reporting.
  • Records a full audit trail of how data was gathered and collated.
For more information on the ViClarity GDPR Solution visit our dedicated GDPR page here
On Thursday April 6th ViClarity attended the All Ireland Business Summit as we were one of the finalists in the "technology company of the year" category of the All  Stars Business Awards. It was a great event from start to finish with some excellent speakers on throughout the day. The highlight of the day for us came during the All Star Business Awards when ex Dragons Den star Bobby Kerr called out our name among the other finalists during the awards ceremony. [caption id="attachment_1729" align="alignleft" width="300"]Blind Women Sinead Keane speaking at The All Ireland Summit.[/caption] There were some inspirational speakers on during the event including Sinead Keane, an extraordinary young woman from Cork who has just 5% vision. Sinead told her story growing up with feeling "different" and how she overcame bullying to become a world record holder. Sinead completed her outstanding achievement last January when she ran seven marathons in seven continents in seven days. Sineads positivity and achievements will no doubt inspire many people around the world. After lunch Bobby Kerr took to the stage to present the All Star Business Awards. In total there were twelve award categories on the day with some excellent businesses making the finals in their relevant categories. ViClarity had to wait until the very end of the ceremony to find out the result of the technology company of the year. It was great seeing the ViClarity name called out as a finalist during such a prestigious awards ceremony. Congratulations must go to the overall winner of the category Enet, who provide telecommunications throughout Ireland. Although ViClarity weren't the winners this time we were delighted to by recognised as one of the leading technology companies in the country. The All Ireland Business Summit was a huge success and a very enjoyable day and we would like to take this opportunity to thank everyone involved in organising the event for what was a very enjoyable day. We will definitely be coming back next year and hopefully go one better and win the award.  
ViClarity are delighted to have made the final six of the All-Ireland Business All Stars Awards. We have been nominated in the category of "All Stars Technology Business Of The Year" with the awards take place at The All Ireland Summit this Thursday, April 6th in Croke Park, Dublin. ViClarity have made it through after being reviewed by an expert judging panel headed by Dr Briga Hynes of the University of Limerick. The presentations will be made by Bobby Kerr, formally of RTE's Dragons Den. Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Conner will also be involved in the presentations on the day. Everyone at the company are happy to have made the final in such a competitive category. Technology is at the forefront of every organisation at the moment and the ViClarity team are delighted to be recognised as a leading player nationally in the RegTech industry. Last week ViClarity were also listed in the Planet Compliance Top 100 Global RegTech Companies. It is a testament to the hard working team in the ViClarity office. ViClarity will be in attendance at The All Ireland Business Summit this Thursday and look forward to meeting everyone involved including the other finalists. We will be hoping to bring another title back to Kerry from Croke Park.  
Overview: The asset management space has seen much change in recent times with regulatory challenges (MiFID II, AIFMD), data demands and evolving market dynamics being examples of key areas which are influencing asset managers priorities. This white paper explores the latest changes to regulations and how they influence the role of asset managers while discussing the benefits of getting to grips with regulation and gaining competitive advantage. Click here to download the ViClarity white paper.    
On Thursday March 9th, ViClarity CEO, Ogie Sheehy featured on RTE Radio Ones Drivetime show. Ogie was interviewed by RTE reporter Adam Maguire as part of a Brexit series which looks at the impact Brexit is having on the Financial Services industry. This feature focused on Kerry based companies ViClarity, Fexco and Monex Financial Services. You can find the full interview below with Ogie featuring around the 4.20 mark. [audio mp3="http://viclarity.com/wp-content/uploads/2017/03/20170309_rteradio1-drivetime-brexitseri_c21143155_21143161_232_.mp3"][/audio]
Have a look at ViClarity's VP of Sales, Richard Butti speaking to Mike Lawson of CUbroadcast at the CUNA Governmental Affairs Conference in Washington DC.

---- DAY 2----

11.00am (Ogie) - Some very interesting talks on day 2 of CUMA. I just attended a seminar on FRS 102 which was very informative. The final tea & coffee break is coming up at 11.30 so be sure to call over to the ViClarity stand before it all wraps.

9.00am (Tracy) - Good morning from day 2 at the CUMA conference. We had a great evening at the GALA dinner, beautiful food provided by the Hodson Bay Hotel and it was great meeting even more of the Credit Union officials throughout the night. Now it's back to the exhibit stand for day 2, we still have plenty to talk about so don't forget to call to stand 31 before the day is out.C6WE8hbXQAM_SM7

---- DAY 1 ----

6.00pm (Ogie) It's time to give away our competition price. Fintan from Tralee Credit Union is conducting the draw....and the winner is Carole Mulcahy from Link Credit Union. Well done Carole who walks away with a FitBit Alta. 

4.15pm (Tracy) - Just after another tea break here at CUMA. Looking forward to the final talk of the day on "maximising your management team". That will just about wrap up day one of CUMA and we will then be getting ready for the GALA Dinner this evening.

3.00pm (Mark) - Getting a lot of interest and enquiries about our new General Data Protection Regulation (GDPR) module. Call over to the ViClarity stand and any member of the team would be happy to go through it in more detail. We are always looking ahead to ensure our Credit Union customers will be covered for new regulations.

1.45pm (Ogie) - In the middle of a really interesting talk from Galvin D'alton on the area of Cybersecurity. Another important module offered to Credit Unions from ViClarity is the Cybersecurity module. It enables Credit Unions to Identify, Detect, Analyse, Resolve and Prevent Cyberattacks. unnamed (3)

1.00pm (Tracy) - Just about to sit down to a lovely lunch provided by The Hodson Bay Hotel. Don't forget to enter our FitBit competition. How many jelly beans in the jar? You tell me :)

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11.00am (Ogie) - It's been a busy morning here at CUMA. There has been plenty of interest around our new module in which we have developed with EisnerAmper. Dean and I are happy to go through it in more detail at the ViClarity stand. Here we are with a member of Athlone Credit Union. unnamed (2)

10.00am (Mark) - Call over to stand 31 for your chance to win a FitBit Alta. All you have to do is guess how many jelly beans are in the jar....I know for a fact if the jelly beans were back in the office there would be nothing left in the jar after Neil & Aidan.

9.30am (Tracy) - Tim Molan, Chairperson at CUMA is in the process of giving his opening address at the conference. A familiar face has come to see us at stand 31, Margaret Heffernan from Rathkeale &  District Credit Union. Pictured below with Mark from ViClarity holding an image of Deadly Dan The Macro Man which includes all important updates from ViClarity. Unfortunately Deadly Dan The Macro Man couldn't make it to the conference today, he is busy using his powers back at the ViClarity office.

unnamed (1)

8am (Tracy) - We are finally set up and ready for the day. Below we have Ogie Sheehy, CEO of ViClarity joined by Dean Roche from our partners at EisnerAmper. Dean and Ogie will be providing details of the new Credit Union module which they have come together to develop. Call to stand 31 for more information.

Ogie Sheehy from ViClarity with Dean Roche of EisnerAmper at CUMA 5am (Mark) - Early rise for us down in the Kingdom of Kerry as we set out for Athlone for the Spring edition of the Credit Union Managers Association (CUMA) Conference at the Hodson Bay Hotel. This is my first CUMA conference and I am looking forward to meeting all of the Credit Union officials. We have a lot to talk about over the day as ViClarity have a number of new modules and exciting announcements to bring you.  Stay tuned to our live diaries for more throughout the day.
 

The Steps to Implementing a Successful Risk Management Program

By Tracy Fitzgerald

The thought of implementing a new Risk Management program or changing a current model can often be a daunting task for management. Where does one begin and how does a program become embedded in an organisation? When thinking about establishing a program it is worth taking the time to start small and gradually increase the level and span of the program over time. Risk Management programs should be dynamic and adaptable to the organisation and its environments. It is vital that the concept of Risk Management and its benefits are communicated across the organization so that each team embraces it by understanding the long term effects that a successful (and unsuccessful) program will have on the organization. To successfully introduce the idea of Risk Management to the organization, follow these steps:
  1. Acknowledge and understand the practice of Risk Management
Acknowledging the need for a Risk Management program and the long term benefits it can bring to the organization and the industry in which you operate in will help you to communicate the plan to the wider team as you progress. Understanding what a Risk Management program is will be key to its design and ultimately to its success when implemented throughout the organization.
  1. Communicate the plans for a Risk Management program to all staff
Communication is the key to successful change. Consistent, relevant and timely communication to all stakeholders within the organization will be crucial to achieving buy-in when the program is being designed, implemented and when feedback is sought.
  1. Educate staff in Risk Management in ways they can understand and with examples they can relate to
Communication and education go hand-in-hand. It is not enough to tell staff that a Risk Management Program is being implemented, you need to educate them on what it involves, how they will be impacted and the benefits it will bring to the organization operationally and strategically.
  1. Work with all department and teams to develop a Risk Management Framework that is suitable for the organization,
When designing a Risk Management Program, involving members from all levels of the organization will be key to its effectiveness and longevity. Rather than taking a helicopter view of the organization, deep dive into the different areas of the business and incorporate these into the program. This can be done by setting up cross-departmental teams and working groups. Working with cross-departmental teams will also play an integral part to the buy-in levels when implemented. Be sure to take into account regulations, organization goals, resources and skills available both internally and externally.
  1. Encourage a culture of accountability and transparency throughout the organisation at all times
Ensure that a culture of accountability and transparency for all actions taken is developed and nurtured across the organization from the early stages when implementing a Risk Management program. This will be a fundamental part to the program and its integrity.
  1. Give staff the resources they need in order to keep up to date with Risk Management practices
All those involved in the Risk Management process that fallout from the program, as well as those who have a general interest, should have access to materials which will allow them to keep on top of new process and procedures (internally and externally), best practices and regulatory updates. This information should not be difficult for staff to find and access. For a Risk Management program to be successful it is very important that the purpose of its introduction into the organization and the importance of each teams buy-in is effectively communicated in a timely manner. Would you like to know more about implementing a successful Risk Management program? Contact ViClarity today for by: Email: info@viclarity.com Phone: 01 902 2859 We are also available to answer any questions on live chat on the ViClarity website at www.viclarity.com.  

Look at what we can do for you!

  • Why Professionals Choose ViClarity
  • Design services
  • Implementation services
  • Training Services
  • Support Services
We have the know-how and experience to design a ViClarity solution that maps directly onto your existing business and operational processes. We will tailor make the solution to deliver the information that you need about the compliance of your organisation and deliver to a level of verification agreed with you. Our team and partners have a real depth of business experience. This enables us to get a genuine understanding of the needs of your organisation, and to design a compliance monitoring solution that can produce exact reports on strategic or critical activities in your organisation.
The system is built by ViClarity and/or ViClarity partners to meet the exact requirements of the customer and made available for the customer to view pre-launch. Following the initial client viewing, the system is made live and the first actions delegated by e-mail to the users. There is no need for additional equipment or software on site, the system is intuitive with many of our current users starting without any advance training, and implementations are typically stress free.
System and User Training is provided by your ViClarity partner. It will show you how to manage, edit and grow your system and show the end users how to input information. The system is designed to be very easy to use, and all stages of the training are available on Video in the Help section of the application.
Your ViClarity partner will support you on all levels of use, and on how to get the best from your system. Additional technical support is provided directly by ViClarity to address any technical issues. System up-time and backup are managed by ViClarity to deliver an exceptional level of availability and security.

ViClarity is a company that was founded in 2008 by Ogie Sheehy in Ireland. In a short space of time the company has grown exponentially and secured a strong foot hold in two key sectors - health care and financial services compliance. It has designed and developed a highly innovative technological software solution to help bring visibility and clarity to all aspects of compliance.

It has secured a high profile client base with healthcare companies such as Mowlam, MHA and most recently the NHS using its technology solution. In financial services it boasts over 85 Irish based credit unions, insurance clients such as ALD RE: (SocGen), Irish Insurance Federation and many more. With offices now in Ireland, London and Chicago it continues to grow its client base globally with its innovative technology.

ViClarity’s uniqueness comes from its ability to deliver world class risk and compliance software that enables users/officer manage an increased burden of compliance in a highly visual and intuitive tool. ViClarity are now extending this unique technology into the Alternative Investment Management arena to revolutionise compliance monitoring standards in a growing industry sector.

To view our Associates & Partners details please click here

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Keeping Up With Asset Management Regulations (1)





What our clients are saying

Meet the Team

ogie

John Ogie Sheehy

CEO and Founder

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Ogie (John) is our CEO and founder of ViClarity. With a degree in Applied Physics and Electronics from the Institute of Technology Tralee, Ogie has a strong passion for technology. With over 16 years’ experience working through the ranks for companies such as Hewlett Packard, IBM and Dell, he was inspired to create ViClarity - a company to provide technology solutions to business that were not being serviced by the large technology companies. Ogie has led ViClarity for over seven years now and has successfully directed launches in several international markets including Ireland, UK and US into sectors such as Financial Services and HealthCare.

rich

Rich Butti

Vice President, Sales

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Rich has over thirty years’ experience in the Banking and Financial Services industry working with software technology for service-based organizations. Rich's previous roles include, Financial Services Manager at Reuters America, Financial Times, Axs-One,Inc., Borland Software, and BEA Systems. Rish has expertise in AML related software for; Transaction Monitoring, Risk & Compliance, KYC Customer On-Boarding, and Consulting services. He has a vast knowledge of industry frameworks and is delighted to share this knowledge with clients.

tracy

Tracy Fitzgerald

Project Manager

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Tracy is a Project Manager with ViClarity. Her role involves architecting customer solutions, customer training and project management. She gained her undergraduate degree in Business and Management in Cork Institute of Technology and then went on to complete a Master’s in Business and Entrepreneurship in 2012. Tracy has a very strong interest in all things business and technology related and is constantly keeping up to date with new advancements in both areas.

daniel

Daniel Murphy

Financial Accountant

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Daniel is our Financial Accountant. He completed a Bachelor of Business studies from Tralee IT specialising in eBusiness. With over 8 years’ experience working in the finance area with high tech companies, Daniel has always been focused on ensuring that all aspects of the accounting functions have been taken care of with great accuracy and in a timely manner. He has a keen interest in accounting and has a great depth of experience working with software Technology companies at a global level.

Aidan

Aidan Harrington

Business Analyst

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Aidan is a Business Analyst with ViClarity where he manages Customer Support and assists with solution design and implementation. He gained his Diploma in Civil Engineering in Tralee Institute of Technology in 2010 and a Diploma in Web Design with Pitman Training in 2014. He has over 5 years management experience in the Agricultural Industry.

Neil O'Sullivan

Neil O’Sullivan

Marketing Specialist

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Neil is the Marketing Specialist at ViClarity where he is tasked with running all of ViClarity's marketing campaigns. Neil's role includes content marketing, social media, PR, email marketing, website management and event management. Neil gained an Honours Degree in Information Systems Management from IT Tralee in 2012. Since then Neil worked as a Deputy Manager at Boylesports where he gained experience in a fast paced retail environment and he was involved in implementing their marketing strategies.

mark-healy-crop

Mark Healy

Business Analyst

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Mark is a Business Analyst with ViClarity where his role involves architecting customer solutions, assisting with solution design and implementation along with other projects. Mark gained his Primary Degree in Public Administration from the University of Limerick in 2005 and holds a Post Graduate Diploma in Advertising from the Fitzwilliam Institute 2006 and has most recently completed his Masters in International Entrepreneurship Management from the University of Limerick 2016. He has over 9 years experience within the financial services industry in roles including procurement, customer service, tax free shopping and technical support.

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