Overview on Compliance Management System Software
According to the report by the Association of Certified Fraud Examiners, companies that adopted proactive data monitoring had a 54 percent reduction in loss. Similarly, management reviews and whistle-blower hotlines cut losses in half and cut detection time in half. Similarly, Refinitiv’s Global Risk and Compliance Report 2021 says that around 86% of companies adopting digital technologies with compliance regulatory systems helped in identifying financial crime.