The Role of Automated and Integrated Risk Management Systems in Ensuring Complete Compliance
Across Australia and the world, regulatory compliance and risk management are front of mind for business owners, directors, executives and governance, risk and compliance professionals alike. As the pace of regulatory change increases, businesses can struggle to keep up with their obligations. Similarly, with many businesses operating manual and siloed risk management frameworks, they often fail to identify risks in enough time to mitigate them.
Integrated risk management platforms offer a data-driven solution to these problems by automating key risk and compliance functions to reduce the need for human intervention and drastically increase efficiency in the process.
Throughout June and July 2020, LexisNexis®, Enable Professional Services and ServiceNow held a series of online sessions with Australian governance, compliance and risk professionals to delve into the realities of regulatory burden for modern businesses and discover how technology can help to manage these issues.
The following discussion paper summarises the issues and learnings from these sessions.
Read the full report here