Regulatory compliance is an enabler of innovation.
There's a better way to manage the burden that is regulatory compliance. Imagine if functions were aligned to business objectives, processes were optimized, and procedures were automated and enabled by data and technology. Regulatory requirements would be met with efficiency. Controls become predictive instead of reactive. Employees derive more value from their roles. The business can take comfort that their reputation is protected, allowing it to focus on growth and innovation.
A strong regulatory compliance function leads to more than reduced risk of non-compliance and regulatory penalties, but leads also to improved customer experience, enhanced brand loyalty and increased value for stakeholders. Compliance is table stakes, but it can also provide a unique competitive edge.
Protiviti helps organizations: