Collaboration, integration, systemization. It’s easy to pass over words like these, peppered throughout the marketing literature for a vast array of software and services. Not to mention, these words tend to represent a lot of messy work, at least initially. Anyone who has ever been in charge of getting a slew of departments to work together to adopt new processes will get a headache just thinking about it.
But the complex and overlapping challenges of regulatory, technological and business governance are snowballing. It’s clear that traditional, manual approaches to essential obligations like compliance reporting are inefficient at best. In many cases, the lack of interdepartmental collaboration, data integration and process systemization are actually increasing enterprise risk and slowing progress toward strategic objectives.
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