According to recent ESG research, more than 75% of enterprises consider security a priority. Besides, compliance teams continuously leverage automation tools while they streamline their employee base, identify workflows, and ensure high-end safety across the enterprise.
Compliance automation has turned most critical in the present times than ever. Enterprises have to encounter frequently altered regulations continually. The cost of significant non-compliance is exorbitantly high as compared to the earlier years. This is not to imply that the cost of ensuring a compliance-ready enterprise is less. On the contrary, noncompliance costs are much higher, and so are the overall impacts on the enterprise and its functions. For example, recent surveys have confirmed that the expenses of non-compliance are estimated to be 2.71 times more than the compliance expenses.