Key Pillars for Empowering Compliance Teams with Cloud-based Data and Analytics
Chief Compliance Officers and teams are challenged with tracking and managing transactions and relationships across their organization. Recent DOJ guidance suggests they must be equipped with appropriate resources and access to data to ensure effective execution. What does this mean? How can you equip your compliance team with a data-driven monitoring approach that gives you a comprehensive view of your compliance risk and areas for focus? Many teams shuffle through spreadsheets with hundreds of records and data. Others are limited by over-burdened IT teams or compliance operations teams who can only afford to give them basic data. Outsourcing to consulting firms can be exorbitant and fraught with complexity. This white paper outlines how you can equip your team with a real-time comprehensive monitoring approach. By leveraging the scale and performance of the cloud, you can quickly stand up a data environment to integrate all of your key data systems. In addition, you can discover outliers and trends using interactive dashboards and automated alerts to focus your resources on issues before they become problems. Learn how you can get in front of the data and use it to identify issues, react more quickly, and operate more strategically with a data-driven monitoring model.
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