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By KPMG - Innovating Compliance Through Automation
Although leaders understand that automation can help more efficiently and effectively measure and address ethics and compliance risks, more than half of the 206 U.S. chief information officers (CIOs) and chief compliance officers (CCOs) surveyed by KPMG indicate they are not yet automating their compliance activities. And, while 90 percent plan to increase funding for automation, just 1 in 5 has a well-defined strategy to automate compliance in the next two years.
These are some of the findings highlighted by KPMG’s recent Compliance Automation Survey and summarized in our new paper, Innovating compliance through automation. Additional findings include the top challenges organizations face when seeking to automate compliance as well as the priority areas pushing them toward automation.