Compliance analytics assures the Board about the robustness and effectiveness of the system, which helps the Board to take appropriate decision in corporate matters.
Compliance analytics help the management to reaffirm the robustness of the system and to establish a compliance culture across the organization.
As the officer responsible to ensure compliance of all applicable laws, the Compliance Officer must be always keen to ensure that the organization is compliant of all laws applicable to it at any given point of time, and this compliance analytics would restore and reaffirm his confidence in this regard
Compliance analytics continue to generate confidence in each stakeholder about robustness of the system and establish a feel good factor across the organization, boosting their morale and ethics in the best interest of the organization.
Periodical compliance analytics would continue to inspire the vendors and other service providers associated with the organization to be compliant of laws and the compliance culture would have a cascading effect to these vendors and service providers.