Insight

Transforming risk and compliance: Facing fears with facts

Five common reservations about technology and transformation that don’t stand up to the facts

Eric C. Parker

Eric C. Parker

Advisory Managing Director, GRC Technology, KPMG LLP

+1 312-665-5756

What's holding you back from embracing risk and compliance transformation?

Is it one or more of these commonly held reservations? 

  • "This function is already complex enough. We don't need to make it more difficult to understand."
  • "Technology-enabled risk and compliance transformation will be costly and time-consuming to implement."
  • "People will struggle to adapt to new ways of working."
  • "Automation will render my role irrelevant."
  • "Out-of-the-box solutions won't accomodate the specific requirements of our company."

Read this paper to explore KPMG perspectives that address each of these positions and show ways that technology can actually help improve risk and compliance functions. 

Transforming risk and compliance: Facing fears with facts
Five common reservations about technology and transformation that don’t stand up to the facts

 

Can you afford not to modernize?

More than two-thirds (67%) of CEOs believe that acting with agiity is the new currency of business.1 In an increasingly competitive world filled with uncertainty and new ways of working, risk and compliance needs to be managed efficiently and effectively. Outdated modes may not be able to keep up with the challenges of the market. You need to innovate, grow and develop—in a controlled manner.

As a global organization with risk practices in 29 member firms, KPMG has learned how to provide advanced risk and compliance processes and technologies that meet our individual clients' needs. Let us put your fears to rest and show you a new way to transform with KPMG Powered Enterprise | Risk.