Day 29 - Enhancing Compliance through Automation

Welcome to a special podcast series on the Compliance Podcast Network, 31 Days to a More Effective Compliance Program. Over these 31 days of the series in January 2025, Tom Fox will post a key part of a best practices compliance program daily. By the end of January, you will have enough information to create, design, or enhance a compliance program. Each podcast will be short, at 6–8 minutes, and will include three key takeaways you can implement at little or no cost to help update your compliance program. I hope you will join us each day in January for this exploration of best practices in compliance. Traditional compliance reporting methods, often reliant on manual processes like Excel spreadsheets, are time-consuming and prone to errors. This episode explores how Chief Compliance Officers and compliance professionals can enhance their programs through automation. By adopting data-driven solutions and leveraging regulatory operations (Reg Ops), it’s possible to provide near real-time reporting and improve decision-making efficiency. The focus is on integrating existing security and compliance tools, gathering real-time evidence, automating compliance gap tickets, and generating comprehensive reports for stakeholders. However, challenges like balancing data accuracy and security and the cultural transformation required for adopting these new practices are critical considerations. Embracing data-driven compliance can help organizations modernize and keep pace with the evolving regulatory landscape. Key highlights: Challenges in Traditional Compliance Reporting The Role of Reg Ops in Compliance Integrating Tools for Real-Time Compliance Resources: Click here to receive a 20% discount on The Compliance Handbook, 5th edition, for listeners to this podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices