Tuesday, June 06, 2006
Cashing in on the value of compliance
"Compliance is making people think at a higher level and forcing them to do things that are good for the business. Estimates on the cost of compliance vary, but whichever way you look at it, it is a lot of money and smart companies see they can use the investment to improve their business," says John Napoli, global director of financial services at BEA Software.
"At its simplest, compliance is about bringing data together to create reports for the regulatory bodies and getting them in on time. But if you approach it properly - look at the similarities across different regulations and draw the efforts together - you can keep the costs down," he says.
posted by Brian Moran @ 9:24 AM