MyComplianceOffice Blog

Why companies are investing in compliance automation in the first place? The automation conversation is being highlighted like never before thanks to the growing interest in the efficiency of compliance activities and the understanding that without technology firms are relying on weak compliance monitoring.

Getting buy-in from key stakeholders in your organization is a critical part of a successful software purchase and implementation process. With budgets tight and resources limited, how do you make the case for your organization to invest in compliance technology?

It all starts with telling the right story within your firm.

The coronavirus pandemic has been a significant event, bringing lots of uncertainty to organizations across the globe. Without question there are emerging concerns among compliance officers regarding staff training, resources, controls and the need to keep up with regulatory change. With that in mind, we invited compliance experts to answer three questions and give their views on upcoming regulatory enforcements and compliance in the second half of 2020.

When a company makes the decision to implement compliance software, the steps they take at the very beginning of the process are likely to determine whether they end up with the right technology. Procurement’s strategic sourcing process provides an effective methodology for identifying, comparing, and selecting a vendor, but it cannot be effective without a solid foundation of objectively set specifications and requirements. Without the right process and inputs, regret is just around the corner.