2023 State of Compliance Technology Report
2022 has posed a number of challenges for businesses and compliance departments around the globe. Compliance officers have had to juggle multiple priorities and adapt at speed to mitigate emerging risks and comply with new regulations, as the world fights to recover from the COVID pandemic and braces for a looming economic downturn.
With budget cuts, headcount freezes, market instability and regulatory developments happening faster than ever, how are compliance departments dealing with an ever-increasing influx of regulations and supporting their company’s business objectives? Is investment in compliance technology the way forward?
In our latest report, we collected data from 75 organizations across the UK, Europe, North America, the Middle East, Asia, and Australia, on how they are planning to invest in compliance technology in 2023.
The report covers:
Top compliance priorities for 2023
The barriers preventing organizations from achieving their compliance goals in 2023
How the economic crisis has impacted compliance budgets
The types of compliance technology companies are planning to invest in
The comfort level of compliance professionals shifting to cloud-based technology