Too many risk and compliance teams get forced to spend their time running around doing administrative work because of inefficiencies in the risk management program. The team is stuck using clunky spreadsheets, chasing down information from the business, manually creating reports – the list goes on.
The best indicator of a more mature, integrated approach to risk management is that risk and compliance professionals spend less time managing the process and instead spend their time doing what they’re supposed to do: advising the business and managing risks.
So, how do we get there?