Internal and external compliance requirements are more exhausting than ever before. Compliance changes are never-ending.
The cost of non-compliance has risen dramatically. Corporate strategies demand compliance with policies and procedures yet they are often bypassed resulting in fines, fees, loss of business, or business closure. Employees typically bypass these policies, procedures, and regulations simply because they are not aware of changes. Researching specific requirements would result in delays in completing functions. The impact of non-compliance is a heavy burden, particularly in the procure-to-pay organization. This group has a disproportionate number of external legal regulations ranging from vendor selection to invoice payment. Recent intelligent innovations in the P2P space provide employees the opportunity to work in the moment from a single source of truth to extract required compliance information from a user-friendly digital assistant as provided by Spotline. Contact Spotline for a demo