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The Tech Stack of Advanced Risk & Compliance Programs

Automation, centralization, and documentation distinguish Advanced risk and compliance programs from their more reactive peers. Below are four tech components Advanced risk and compliance programs used to increase performance.

4 Technologies of Advanced Risk and Compliance Programs

1. Internal Reporting Technology

Advanced programs are using internal reporting technology to gain visibility into risk areas by consolidating reports from hotline, web-intake, open-door, and all other internal reporting channels. Purpose-built technology allows programs to use rule-based routing to streamline investigations and customize case management to align with local laws and internal cultural mandates.

Learn More About Incident Management Technology

89%	Of Advanced programs use purpose-built incident management technology
	Vs.
61%	Of Reactive programs have paper-based incident management programs

83%	Of Advanced programs use purpose-built risk and compliance training technology
	Vs.
64%	Of Reactive programs have paper-based risk and compliance training programs

2. Risk-Based Training Technology

Advanced programs are using training technology to consistently refresh training courseware to align with local, state, national and global regulatory expectations.
Purpose-built technology allows programs to deliver scenario-based training while optimizing seat time with interactive content elements.

Learn More About Risk-Based Training Technology

3. Policy and Procedure Technology

Advanced programs are using policy management technology to help automate policy creation, editing and reviews with centrally linked master documents. Purpose-built technology allows programs to manage version control, track employee engagement, manage attestation completion, and run ad-hoc reports to assess program effectiveness.

Learn More About Policy Management Technology

77%	Of Advanced programs use purpose-built policy and procedure management technology
	Vs.
68%	Of Reactive programs have paper-based policy and procedure management programs

76%	Of Advanced programs use purpose-built third-party risk management technology
	Vs.
71%	Of Reactive programs have paper-based third-party risk management programs

4. Due Diligence and Third-Party Risk Management Technology

Advanced programs are using third-party risk management technology to align due diligence risk management to recommendations in the FCPA Guidance and other regulatory expectations. Purpose-built technology allows programs to score their organizational profile risk and use it to apply consistent risk-appropriate mitigation efforts to each third-party relationship.

Learn More About Third-Party Risk Management Technology

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