Compliance goes more smoothly when companies take a holistic approach.
Only about 60 percent of companies say compliance processes run smoothly. Those that say so typically comply with regulations in an integrated rather than a piecemeal way, in part by creating a point person for corporate compliance. But even these companies are struggling to turn compliance into a set of fully automated processes. Confusion over Sarbanes-Oxley requirements may be why. The bottom line: Compliance is still more of a project than a process, but companies are getting closer to compliance a business-as-usual background activity.
Story Guide:
Finding 1: Many more companies report full compliance with recent regulations than did last year.
Finding 2: It's not yet clear whether compliance spending has peaked.
Finding 3: Compliance is driving spending on consulting, security and document management.
Finding 4: Regulations appear to be achieving what the government intended.
Finding 5: Despite low expectations, companies have received business benefits from Sarbanes compliance.
Finding 6: Compliance goes more smoothly when a holistic approach is taken.
Read our previous surveys on compliance:
Compliance 2005: Is Automating Compliance a Waste of Money?
Sarbanes-Oxley 2004: Are You Ready to Comply?
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