Read Time: 5 minutes
Technology in Regulatory Compliance
As regulations grow more complex, organizations are increasingly turning to technology to manage governance, risk, and compliance (GRC). The right technology not only simplifies compliance but also improves efficiency, reduces risk, and provides better insights across the organization. For businesses facing evolving regulations, such as SK-190 and SK-275, leveraging technology is no longer optional, it’s essential.
Choosing Technology for Compliance
When selecting a GRC platform, several key factors determine whether the solution will effectively support your organization’s compliance needs. Below are five essential criteria to consider:
- Ease of Use
A good GRC platform should offer a seamless experience for frontline users and compliance teams alike. It should integrate into daily workflows with minimal friction, enabling data sharing across departments and supporting internal audits with accurate, real-time insights.
- Flexibility
Compliance requirements differ across industries and regions. Choose a platform that centralizes compliance activities, allowing for customization and scalability as regulations evolve. A flexible platform enhances oversight and improves control over GRC cycles. - Technical Capabilities
Look for a unified GRC platform that connects risk management with governance, audit, and compliance. The ability to collect, analyze, and act on data is critical for identifying risks, seizing opportunities, and driving impactful decisions.
- Vendor Support
The success of GRC technology often depends on vendor support. Prioritize vendors with proven expertise in risk and audit, along with a track record of reliable local support. Access to consultants and industry-specific knowledge ensures smoother adoption and continuous improvement.
- Pricing Model
Avoid platforms with user-based licensing models that limit access. GRC initiatives should extend across the entire organization. Focus on solutions that provide added value, such as built-in content, libraries, and knowledge bases, to accelerate adoption and ensure long-term success.
Why Choose Compozer?
Compozer stands out as a comprehensive GRC solution that meets all these criteria. It offers unlimited user access and an extensive knowledge base, ensuring that compliance reaches every corner of the organization. Compozer’s modular platform is integrated yet adaptable, equipped with the latest regulatory libraries and frameworks, including those from BI, OJK, ISO, and COBIT.
By choosing Compozer, organizations can simplify compliance, enhance risk management, and stay ahead of evolving regulatory requirements.