Compliance data analytics are no longer a choice but a necessity, and selecting the right compliance software is vital for your company and compliance team.
As stated by Assistant Attorney General Kenneth A. Polite Jr, the DOJ expects companies to “have a system that immediately detects” wrongdoing. Companies now need to forgo the manual and limited processes of a traditional compliance program and embrace the advantages of advanced analytics with a data-driven approach to compliance. The expectation is that companies root out risk activity across the enterprise in real-time.
This whitepaper will highlight five best practices for selecting the right compliance software or software vendor to help your company make an informed purchase.
This whitepaper will address:
If your compliance program is designed well enough to prevent and immediately detect employee wrongdoingItems to consider when determining if your compliance software is gathering and analyzing the right dataThe resources required for your compliance software to function properlyThe importance of integrating workflows and data sets into the new compliance softwareHow flexible your compliance software should be