Financial services organizations face an increasingly complex and demanding regulatory environment. Increased scrutiny from regulators, demands from stakeholders for greater transparency and a greater appetite for insightful business analytics are stressing antiquated manual approaches to compliance management to the breaking point. Compliance professionals are faced with the need to not only effectively manage and monitor daily compliance, but also watch the market closely for emerging compliance risks, educate stakeholders on the business impact and report on the status of key compliance risks. Many are struggling to become more of a valued partner to the business by providing insightful compliance data to facilitate better decision making and awareness across the business.

Today compliance must become part of strategic decision making. Regulators are enforcing this position with new and updated requirements for risk-based or strategically aligned risk management practices that include compliance operations. Traditional approaches to compliance not only do not meet these expanded obligations, they actually hinder it in many ways and simply cannot provide the level of insight and awareness that companies need.

To be successful, compliance professionals must be supported by solutions that provide technology, content and analysis to improve understanding and help to quickly identify compliance risks and their business impact.

Wolters Kluwer provides an integrated compliance management system for managing the complete breadth of your regulatory requirements from defining policies and procedures to board reporting. Populated with industry leading content, it enables organizations to stay up to date with regulatory obligations and brings together all of the relevant data into a system enabling organizations to make intelligent business decisions around their compliance risk.