As the regulatory landscape is constantly evolving, Compliance Risk Concepts (“CRC”) is issuing its monthly […]
The ability for Compliance Departments to effectively monitor, measure program effectiveness and provide impactful analysis / reporting is more critical than ever. Being tasked with these requirements has proven to be an extremely burdensome undertaking for most organizations. This is due to the fact that the information needed to provide metrics often exists across multiple systems and platforms. This leads to our highly skilled staffs spending an inordinate amount of time “hunting and gathering” for information. As organizations implement Enterprise Risk Management / Governance, Risk and Compliance Solutions, we will continue to see a migration in 2013 and beyond, where our staffs perform less ‘non-value added” tasks and more of the analysis we need from our risk management functions – providing guidance, direction and influencing outcomes.