MyComplianceOffice Blog

We are an international team with offices in 3 different continents and employees from more than 20 different countries. In this blog series, we are pleased to show you the backstage of our operations, bringing you closer to our team members.

This week we interviewed a member of the Customer Success Team. Our Customer Team builds the bridge between our products and our customers. MCO have a customer-centric approach, and our team is always trying to find solutions for any concern our users bring forward.

One of the top reasons enterprise decision-makers give for not wanting to work with procurement is the time required to complete the sourcing and vendor selection process. Why is it necessary to have a long, formal evaluation effort when you already know which compliance software provider you want to work with? Can’t procurement just help push through the contract? The frustration with procurement delays is especially pronounced in an era when eCommerce makes nearly any good or service available to us at home within 48 hours, and when SaaS compliance technology can be ‘turned on’ instantly.

The Irish Tech News published a chat with Brian Fahey, MCO CEO, featuring the recent RegTech Insight Awards victory, and the challenges of the industry.

Employee conduct is a priority in many industries, especially in regulated businesses. Making sure you know what conduct risks are is key to running an effective compliance programme. We have listed 5 steps that you must consider in order to enhance the compliance of your business and avoid misconduct.

Compliance is expensive. But non-compliance can cost you even more. Businesses paid nearly $26 billion in compliance-related fines globally in 2017, aside from the severe reputational damages that accompanied those monetary losses. That’s according to a recent article in Forbes by Julie Myers Woods, CEO of Guidepost Solutions.