CoorpID Review 2.0 for corporates
At CoorpID, we are constantly working on improving our product and developing new features based on our expertise, KYC/CDD best practices and customer feedback.
In January 2023, we released our biggest release ever: Review 2.0. In this section, we will tell you all about it.
Save time on every KYC review
Our newest release CoorpID Review 2.0 contains a number of exciting new features and significant improvements. Check out CoorpID Review 2.0 – especially the new Multiple-Entity functionality and Guided Review Editor, enabling corporate users to store newly uploaded documents in each entity’s CoorpID vault and reply quickly and efficiently to information requests concerning multiple entities.
With the new CoorpID Review 2.0 you can easily:
Enjoy an improved workflow thanks to the reduction of manual and repetitive actions
Reply quickly and efficiently to information requests concerning multiple entities
Perform bulk actions
Accept invitations from banks and other financial partners for multiple entities in an instant
One click validation
Confirm that a document is still valid by simply checking a box
Save document in entity vault
Instantly store newly uploaded documents in each entity’s CoorpID vault
Re-use documents from vault
Reply to a request by selecting documents from the entity’s CoorpID vault
We also improved the Partner Overview which is the starting point to invite external partners, view partner information and view reviews. You have a clear overview of all partners you are sharing information with via CoorpID and you can immediately see the request’s status, actions that are required and to whom it has been delegated. With the new sorting function, you can easily see the latest activity in a review, for example when your partner is reviewing your answers. In addition, the audit log has also been improved to better keep track of all actions on CoorpID.
Guided Review Editor for Corporations.
In this new release, we also introduced the ‘Guided Review Editor’, a step-by-step editor to help you handle your first review with your partner, enabling you to swiftly link your entities to your partner and start answering your partner’s KYC information request.
With the Guided Review Editor, you can prepare and reply to your partner in 4 easy steps:
- View the information request from your bank or business partner (first time information request with optional due date).
- Link / add entities requested by your bank or business partner with new smart suggestions assistance.
- Upload the requested information to your personal CoorpID vault (if this information is not already stored in your vault).
- Send a reply to your bank or business partner or delegate a task to a colleague
You can easily monitor the status of your KYC review on the ‘Review Page’ that contains a detailed overview of the information that you have shared for each entity and the status of this information request. If you have made a mistake in one of your answers, you ca revoke that specific answer and your partner can resend the request.
If you have any questions regarding these new functionalities please consult our updated User Guides or contact our Customer Success Department at firstname.lastname@example.org. We welcome any suggestions that you may have for further improvements or additional functionalities. We appreciate your feedback as we are strong believers in cocreation as a product innovation accelerator.