Tuesday, March 9, 2021
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Articles
    • See All Articles
    • NEW: COVID-Related
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Leadership and Career
  • Vendor News
  • Jobs
    • Compliance & Risk
    • Information Security
  • Events
    • Webinars & Events
    • Submit an Event
  • Downloads
    • eBooks
    • Whitepapers
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Articles
    • See All Articles
    • NEW: COVID-Related
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Leadership and Career
  • Vendor News
  • Jobs
    • Compliance & Risk
    • Information Security
  • Events
    • Webinars & Events
    • Submit an Event
  • Downloads
    • eBooks
    • Whitepapers
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

MetricStream Survey Reveals Lack of Regulatory Change Management Maturity

by Corporate Compliance Insights
May 2, 2016
in GRC Vendor News
MetricStream Survey Reveals Lack of Regulatory Change Management Maturity

Today, MetricStream, the market leader in governance, risk and compliance (GRC) apps, has released the results of a survey which reveal the maturity of Regulatory Compliance Management (RCM) in North American and European businesses, having surveyed more than 100 compliance professionals. Identifying the factors that impact the effectiveness of RCM, which is essential for monitoring for regulatory changes and ensuring compliance, the survey analyzes the processes in place, number of dedicated employees and departments in charge. The results indicate that, despite being well staffed to manage RCM, many businesses are still unaware of or unable to invest in appropriate technology and tools; key findings include:

  • Companies are dedicating a growing number of employees to the RCM process:
    • Mid-size enterprises (1,000 – 10,000 employees) have three to 10
    • Large enterprises (more than 10,000 employees) have at least 21
  • However, the level of RCM maturity across enterprises of all sizes is low:
    • Nearly half (48 percent) of organizations still rely on manual processes and basic office productivity software such as Excel spreadsheets to track regulatory changes
    • The next most common methods are knowledge management software (19.5 percent) and in-house development tools (17.9 percent) – proving high-tech tools are widely under utilized
  • The department most commonly tasked with managing and implementing RCM is compliance (61 percent), followed by legal (16 percent) and operations (7 percent)
  • Organizations rely on a number of sources to keep up-to-date with regulatory developments, the top being regulatory agencies’ press releases (84 percent) and then industry bodies’/trade associations’ announcements (70 percent)

The full survey can be viewed here.


Previous Post

Ponemon Institute Releases Report on Tone at the Top and Third-Party Risks

Next Post

Why Compliance Must Not Fit In

Corporate Compliance Insights

Related Posts

freelance worker on laptop at train station

Stoke Talent Launches AI-Powered Worker Classification Engine

March 5, 2021
hands holding seedling in eggshell

SEC Announces Enforcement Task Force Focused on Climate and ESG Issues

March 4, 2021
SEC emblem on building exterior

SEC Division of Examinations Announces 2021 Examination Priorities

March 3, 2021
cybernetic brain in form of human brain in cyberspace

Strike Graph Introduces First-Ever AI Tech Platform to Automate Security Questionnaires

March 1, 2021
Next Post
How can you make compliance front of mind at your company?

Why Compliance Must Not Fit In

OneTrust offers download to demonstrate privacy management leadership
Access realtime data
Top 10 Risk and Compliance Trends

Special Coverage

Special COVID page graphic

Jump to a Topic:

anti-corruption anti-money laundering/AML Artificial Intelligence/A.I. automation banks board of directors board risk oversight bribery CCPA/California Consumer Privacy Act Cloud Compliance communications management Coronavirus/COVID-19 corporate culture crisis management cyber crime cyber risk data analytics data breach data governance decision-making diversity DOJ due diligence ESG fcpa enforcement actions financial crime GDPR GRC HIPAA information security KYC/know your customer machine learning monitoring ransomware regtech reputation risk risk assessment Sanctions SEC social media risk technology third party risk management tone at the top training whistleblowing
No Result
View All Result

Privacy Policy

Follow Us

  • Facebook
  • Twitter
  • LinkedIn
  • RSS Feed

Category

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Whitepapers

© 2019 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
  • Articles
  • Vendor News
  • Podcasts
  • Videos
  • Whitepapers
  • eBooks
  • Events
  • Jobs
  • Subscribe

© 2019 Corporate Compliance Insights