Governance, Risk and Compliance Products & Services
Effective management of policies and procedures is the cornerstone of a successful compliance operation. The ever-changing regulatory environment places a significant burden on those responsible for keeping up to speed on regulatory updates and managing policies and their associated compliance programs.
Increased audit workloads stemming from expanding risk assessment responsibilities, increased regulatory scrutiny and constrained budgets leave internal audit departments doing more with fewer resources.
After investing significant resources to meet financial, IT, and other internal control focused compliance requirements such as Sarbanes-Oxley, COBIT, and ISO 27001, many organizations have grown frustrated with the inefficiency and redundancy of spreadsheets, Word documents and first generation compliance and documentation tools.
Compliance teams face extraordinary market conditions, constantly shifting regulation with multijurisdictional requirements, and increased pressure to deliver uncompromising compliance with reduced budgets and significant resource constraints.
Corporate boards and senior leaders face unprecedented levels of complexity in their businesses – from shifting geopolitical threats to extraordinary levels of regulation and legislation to ever-increasing shareholder demands.
The ability to move fast is essential to the success of highly regulated firms. Frequently changing regulatory controls and incomplete customer or employee information can slow down or even impede business.