Challenge of Keeping Up With Regulations
Regulatory compliance management is getting even more difficult. Industry-specific regulations, like Sarbanes-Oxley, FDA, OSHA, as well as multiple laws and standards are meant to ensure that organizations are operating lawfully and ethically. But 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 specialized 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 processes and documentation, which can cloud your visibility into your organizations' risks, reduce efficiency and escalate the cost of compliance.
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