Eyes on the horizon
Accenture’s 2018 Compliance Risk Study results would indicate that companies are overly focusing on current risks instead of taking a proactive approach to new risks coming to the fore, such as the proliferation of virtual currencies and new concerns about corporate conduct. This, in our view, may hinder their growth.
In this volatile risk ecosystem, the idea of phasing development across a multi-year roadmap is challenged by the need for continuous improvement in-line with industry transformations.
Change is no longer optional. To succeed, industry leaders should define a modular transformation strategy that allows them to move at the pace of the digital age.
Technology is outpacing talent
For more on how compliance can respond to this issue, download the infographic.
Take a modular approach
Compliance functions that commit themselves to continual and targeted innovation can expect to keep up with the technological demands of the landscape. Our study discovered that industry leaders are adopting a personal blend of three investment approaches:
For more key findings and details on recommended strategies, download the study now.
Accenture Finance & Risk offers a flexible approach to compliance transformation, supporting and bringing to life your chosen strategy.
Whether you build, buy or subscribe your way to innovation, we help you combine these approaches into one integrated strategy. Our knowledge and experience helps compliance remain a relevant control function and become a strategic advisor to the business while addressing an ever more complex threat landscape.
Our credentials at a glance: