June 2006 Survey: Compliance Spending is Leveling Off - ' Compliance is driving spending ' (
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on consulting, security and document management.">
Compliance is driving spending on consulting, security and document management.
Since these regulations were designed to protect the integrity of customer, employee and financial records, it makes sense that the IT systems and services most frequently budgeted for compliance are those that store and manage documents, including e-mails and financial reporting. But companies haven't seen a need to invest in regulatory compliance management systems. Is this because these systems aren't effective, or existing systems are sufficient.
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