The Holy Grail of compliance?

Compliance is a process that never stops morphing, which can cause a lot of problems if you lock your company into a single, limited solution. Perhaps a better approach is a scalable system that is built for not only multiple laws but future laws as well--one that can expand and contract as necessary. In many ways, this is a sort of "single instance" for compliance. Many people suggest variants of this "dashboard" or data-driven approach. The benefits of such an approach are obvious: costs and complexity are reduced, and along the way, you might gain some valuable insights into compliance in general, such as better ways to measure and report it. But the theory of such a solution is easier than actually building it. This is a major project that will bring together many disciplines, finance, IT, the board, legal and beyond. If you foresee your company getting nickel-and-dimed, it is time to start thinking along these lines.

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