Challenge of Keeping Up With Regulations
Regulatory compliance management is getting even more difficult - Sapin II, UK Bribery Act, Spanish Criminal Code, EU Data Privacy, Netherlands House for Whistleblowers Act. These and dozens of other industry-specific regulations, laws, and standards are meant to ensure that organisations are operating lawfully and ethically. Keeping pace with the changing regulatory compliance landscape is a massive challenge—and a major source of compliance risk.
Compliance requirements are affecting an increasing number of business processes. Many specialised processes are being designed solely to meet industry-specific regulations. As compliance initiatives become more intertwined from regulatory changes, the use of multiple or disconnected compliance solutions can lead to duplicate or inconsistent policies, processes and documentation, which can cloud your visibility into your organisations' risks, reduce efficiency and escalate the cost of compliance.
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