As the regulatory landscape is constantly evolving, Compliance Risk Concepts (“CRC”) is issuing its monthly […]
This is the fourth of our series on Building a Business Case for Compliance Technology for Hearsay Systems. In this article, Mitch Avnet shares the process of building a business case within your firm to support investment in compliance technology, arguing the case that technology vendor due diligence will ensure an efficient and productive future with confidence.
Today’s digital landscape is not as straightforward as it was just five years ago, even in the compliance space. It seems every day more vendors enter the scene with new apps and systems.
This can be good for the industry as the commoditization of digital products should lead to lower costs. However, having so many choices can also further complicate what is already a complex process. If you’re a compliance officer searching for the right solution for your own firm, there’s no easy answer.