
The hidden value in getting compliance right
In times of crisis and recovery, a strategic approach to compliance can build trust and create value for customers, stakeholders, and society at large. Visit strategy+business to find out more.
Shifting compliance activities from having high costs on customer experience, finances and culture to building trust, enhancing resilience with technology and supporting competitive advantage.
Whether across taxation or trade, energy or environment, cyber or safety, the cost of today’s compliance is often one of an organisation's most significant budget areas.
Insufficient or ineffective compliance can influence an organisation's overall health through:
Compliance failures - major incidents significantly impacting an organisation’s reputation or ability to do business
Compliance burdens - manual, inefficient or otherwise less effective processes that negatively affect customer experience, costs and culture
Often, these issues can arise as a result of compliance being treated as an obligatory cost of doing business, versus an opportunity to instill trust in stakeholders, and improve competitive advantage and smart risk taking.
PwC has identified 5 Attributes of Highly Effective Approaches to Compliance. Informed through extensive experience with regulatory authorities, as well as internal and external stakeholders, PwC knows what success can look like.
It’s compliance, transformed.
In times of crisis and recovery, a strategic approach to compliance can build trust and create value for customers, stakeholders, and society at large. Visit strategy+business to find out more.
Jaguar Land Rover equips its retailers in China with the data they need to design stronger marketing campaigns.
PwC helped Microsoft design a solution to leverage data analytics for identifying risky transactions for FCPA compliance oversight.
Ronaele Dathorne-Bayrd
Regional Tax and Legal Services Leader, PwC in the Caribbean
Tel: +1 246 626 6652
Bruce Scott
Regional Risk Assurance Leader (Southern Caribbean), PwC in the Caribbean
Tel: +1 876 932 8335