| | November 20156CIOReviewCopyright © 2015 CIOReview. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewNOVEMBER 13 - 2015Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 NOVEMBER 13 - 2015, Volume 4 SE 97 Published by CIOReview To subscribe to CIOReviewVisit www.cioreview.com Editorial StaffSalesT:510.565.7559 VisualizersStephen ThomasK.Manoj kumarCOMPLIANCE SPECIALCIOReviewSebastian Jacobsebastian@cioreview.comManaging EditorJeevan GeorgeAaron Pierce Joe PhilipSonia SacharAlex D'SouzaMatthew JacobVanishree BhattCompliance is at a tipping point--corporations are perpetually struggling to stay compliant with the ever-increasing complexity of laws, rules, and regulations. A board of directors that fails to oversee a system of compliance may not only call into question its fiduciary duty standards, but may give rise to claims of tort liability or even criminal liability. Compliance affects organizations of all sizes, including commercial enterprises, government agencies, and public-sector entities. The role of Chief Compliance Officers (CCOs) has evolved to become strategic today as compliance becomes more integrated with business performance. Overall, the future of compliance depends on defining not just the compliance function, but also specifically the organization's desired role for the compliance chief. With an environment like this, fulfilling the many requirements of today's compliance requirements is nearly impossible to do with manual systems. Automation of controls and monitoring can bring many benefits--monitor a larger range of transactions, controls, and systems than a person could ever assess using a manual process. This provides a level of consistency that eliminates the subjectivity of human review. Further, run metrics and reports can help firms manage the quality of both their compliance programs and operations.To help enterprises traverse the realm of compliance, vendors are coming up with innovative solutions that can identify mis-configurations on business systems, track exceptions, and produce reports necessary to meet compliance requirements. Auditors can use this documentation to verify how an organization provides security and integrity, prove that policies have been effectively operationalized, and verify that the organization has discovered or addressed any policy compliance issues, either through direct mitigation or through justification of risk acceptance.Going forward, there will be a growing requirement for stronger alignment of the technologies, CCOs, and an organization's needs. In this issue, we are featuring 20 most promising compliance technology solution providers who are helping customers in their journey towards regulating the governance, risk, and compliance plans. Let us know your thoughts. Jeevan George Managing Editoreditor@cioreview.comThe Changing Role of ComplianceEditorial
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