There are many audit software solutions on the market. The challenge is how to choose the best one of them? Which features are crucial for your auditors and your business?
Setting up a consistent GRC management environment for an animal health company dealing with the requirements of the highly regulated industry.
How to choose the best vendor, build effective relations and foster cooperation a successful journey for all parts?
We are merging our company dealing with the development of Adaptive GRC (governance, risk and compliance suite) with the C&F parent company.
The audit of the future will be digital. This will be forced by the consequences that the coronavirus epidemic for businesses. Companies are undergoing major changes, someone has to effectively monitor the situation, assess risks and ensure regulations compliance.
Business-wise, one of the biggest challenges in times of any crisis is to pay attention to crucial aspects of your company, strengthen the compliance division, and ensure it is ready to function in a disrupted, digitized world. Verifying all mechanisms which enable the company to function in disruptive environments is the first step to take.
New digital solutions are currently pouring into what used to be a rather conservative area: regulated industries, as they are in constant need of real-time reviewing of their progress to meet market regulations and synchronize information of their multi-level structure.
Vendor selection can be managed, introduced step by step and run for as long as you wish to avoid the risk of making bad subcontractor choices. Establishing the vendor management program in your company requires 8 steps.
Vendor rarely takes the bullet and it’s usually the buyer who has to bite it. Of course, you can go to the court and draw the consequences afterwards, but will your customers care? It’s the buyer who is responsible for his vendors performance.
C&F’s partnership with Nasdaq will amplify our ability to offer even more comprehensive governance, risk and compliance solutions for our Clients who expect best practices in the boardroom.