For many organizations, simply meeting compliance requirements is no longer enough. Yes, a major concern in board rooms today is the cost of compliance. Performance expectations, increasing stakeholder demands, and changing market conditions are forcing business leaders to search for cost-effective ways to enforce compliance adoption without jeopardizing organizational agility and business growth. But some organizations are beginning to recognize the benefits of compliance and are turning it to their advantage – bringing their operations under better control while driving down compliance costs.
Compliance Management requires capturing information, accurately, organizing and retaining the information and quickly and efficiently analyzing and presenting it. This requires processes and procedures that are an integrated part of a company’s way of doing business. Having a compliance strategy helps companies gain better control over their business processes, improve customer service, and can even increase brand awareness among customers and stakeholders.
But a compliance strategy isn’t enough if you don’t have the right systems in place to support the strategy.
Information Technology plays a key role in helping companies manage an effective compliance program and enforce compliance requirements internally and externally. Technology enables the collection, analysis and control of enterprise-wide data, delivering the crucial information needed for intelligent business decisions.
Microsoft Dynamics AX can help organizations enforce compliance in a consistent, cost-effective way while streamlining business processes and improving efficiency across the organization. The compliance features in Microsoft Dynamics AX deliver:
- Improved visibility into compliance status and activities
- Better consistency in complying with corporate policies
- Greater control by making it easier to track and manage compliance
- Segregation of duties to comply with regulations
- A lower cost of compliance with streamlined and automated processes
- Improved governance by enabling the tracking of internal controls automatically
- Enable global compliance
Microsoft Dynamics AX delivers an integrated and automated solution designed to help you manage the risks and costs associated with meeting compliance requirements. Furthermore, it extends your investment in Microsoft products and technologies, and gives you deeper visibility into and control of business practices that you can use to generate a competitive advantage.
Learn more about Compliance Management in Microsoft Dynamics AX 2012.