Visibility. Data quality. Operational efficiency. IT and Infrastructure costs. Data Security. High data costs.
In an increasingly regulation-driven society, the costs of inefficiency can make or break companies. The Financial Services Authority’s (FSA) naming-and-shaming of those whose incur fines through inadequate and irresponsible GRC practices attests to the stringent attitude of regulators.
It would appear that the question now to be considered is not whether you can afford a consistent and robust approach to risk and compliance, but rather - can you afford to continue to struggle with your business’s challenges? The bottom-line is ultimately financial and poor risk management can cost a business millions, as the credit crunch has only too clearly shown.
Likewise, IT costs and data costs need to be addressed as companies’ purse strings tighten. Cost alone can be a powerful motivator, but it does not reflect the complete picture - data quality, visibility, operational efficiency and security - these are the real players in driving the success of your GRC program and deliver your return on investment.
Xactium’s cloud-based approach to managing Governance, Risk and Compliance offers significant business advantages, which are presenting a more and more persuasive value proposition for regulated sectors, particularly for Financial Services.
Find out more about Xactium’s integrated Solutions.
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