Success Formula for the Regulated Economy — Certitude Through Compliance Management

Summary

Companies must ensure their compliance with increasingly complex requirements and regulations in their daily processes and must also be in a position to lay bare this compliance. This article is a short description of the very diverse and comprehensive subject of Compliance Management. As with all business areas, efficient IT is absolutely essential for Compliance Management. However, it can also be said that in a successful compliance project the IT is only as good as the concept upon which it is based — the compliance strategy. Read, how a company-wide compliance strategy supports companies: a) in turning the seemingly cost-driving factor of compliance into an important building block of strategic corporate governance; b) in exploiting the synergies arising from the link between Business Process Management and Compliance Management; and on how to integrate this subject seamlessly into the BPM approach of IDS Scheer.