Shifting compliance activities from having high costs on customer experience, finances and culture to building trust, enhancing resilience with technology and supporting competitive advantage.
As the COVID-19 pandemic continues to evolve, in a world where trust is increasingly important, organisations that build credibility throughout their brand, products and services can improve their corporate resilience and relationships with customers, staff and stakeholders.
PwC is focused on helping organisations thrive in change - not only by helping to manage their compliance requirements but also helping them stay ahead of risk and regulatory changes and navigating the course forward in times of upheaval.
Is your approach to compliance fit for the future?
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.
Compliance, Transformed. can help improve the effectiveness of regulatory, legal, IT, financial, tax, trade and other compliance efforts.