Disruption tied to COVID-19-related measures, including regulatory changes, a remote workforce, and new supply chain and distribution channels, has accentuated the need for firms to have strong, and agile, policies and procedures in place. It has simultaneously prompted firms to reassess the success of and value realized from their existing policies and policy management processes across business and operational functions. As they wrestle with how to increase efficiency and effectiveness, three priorities emerge:
- Integration with controls
KPMG’s newest Point of View explores the current state of policies and policy management. It also looks at approaches to transform processes and create greater alignment between a firm’s policies and its strategy, culture, speed to market, efficiency, and regulatory mandates and expectations.