Acquisition International - Global Excellence 2021 127 10 Acquisition International - Issue 4 2021 On the Right ‘traq’ Compliance Identification and Management Service (CIMS) unlike any other, AAAtraq provides risk managers with intelligence-driven, automated solutions in identifying risk and maintaining compliance. Built on years of experience in the development of principle-driven digital process with supporting automated compliance software, AAAtraq is also the first service of its kind to include insurance expert litigation support, as well as integrating a ‘pure’ digital costs indemnity capability. Lawrence Shaw, CEO of AAAtraq, established the firm in 2018 having recognised the majority of organisations were failing to comply with legal and often moral standards in their online content practices. The lack of compliance would often be noted by lawyers, leading to repeated litigation which was damaging to brand reputation. With the establishment of AAAtraq as an independent verification service, Lawrence presented a holistic solution to identify risk and achieve ADA compliance. The strategic approach employed by AAAtraq simplifies the process of compliance with ADA regulations by automating a number of the key steps in that process, thereby replacing the uncertainty commonly felt by organisations with control, and making compliance less costly. Those four key steps are Staff Development, Digital Supply Chain Management, Compliance Reporting and Litigation Insurance. By automating these core processes, AAAtraq enables clients to oversee both internal and external supply chains, the personalised training of their teams on maintaining compliance, and to stay on top of the risk levels faced by their organisations. “This not only makes things less complicated, but also helps in safeguarding against flouting regulations in the future,” states Lawrence. Reducing organisational risk by placing insurance risk management as its focus also provides A a new and substantial sales opportunity for brokers that has been well-received by clients. Cost cover is therefore key, and the way in which AAAtraq approaches it is entirely unique. Having partnered with the global insurer, BRIT, AAAtraq allows subscribers to sign up for just $100, make a small number of changes to their online presence in around an hour, and benefit from $10,000 worth of costs cover in their first month. The subsequent monthly fee is another $100, and offers a comprehensive selection of benefits, with specific tasks presented that will guide users along their personalised path to compliance. Upon completion of each task, users gain AAAtraq Stars, which indicate lower risk of ADA non-compliance. As a result, the level of costs cover rises, and clients can eventually be covered up to $50,000. Moreover, subscribers that are targeted by lawyers are able to immediately access legal support through the portal to defend themselves, and their brand. As the team at AAAtraq say, “it’s kind of a no-brainer”. AAAtraq also offers a complimentary risk summary service that is available to all organisations, not just subscribers. Users can find out their current risk level in only a matter of minutes and receive an outlined personalised pathway to achieving compliance, that they can work towards with the support of AAAtraq. For Lawrence, the goal is to help all organisations to understand the value of compliance automation, and to protect brand reputation. As technology becomes increasingly prevalent in the insurance sector, Lawrence foresees a future of integrations of smaller firms into larger firms that are seeking to become more multifaceted. Looking ahead, with its tech-savvy CEO at its helm, AAAtraq will continue to evolve like so many across the insurance industry, paving the way as it trusts in innovation to redefine the way the world works towards digital compliance. AAAtraq is a Compliance Identification and Management Service dedicated to minimising risk and simplifying the pathway towards ADA compliance. We find out more about the firm and its CEO, Lawrence Shaw, who provides an insight into AAAtraq’s mission to protect the brand reputation of organisations around the world through automated compliance processes. Feb21646 Company: AAAtraq Web Address: www.aaatraq.com General Enquiries: [email protected] Subscribe to AAAtraq “This not only makes things less complicated, but also helps in safeguarding against flouting regulations in the future,” states Lawrence. Reducing organisational risk by placing insurance risk management as its focus also provides a new and substantial sales opportunity for brokers that has been wellreceived by clients.
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