Compliance and Corporate Accountability

You are in: Services We Provide

• Technology Services
  • Business Intelligence
    • Solutions
      • BI Index
      • Business Performance Management
      • Capgemini CXO Insight Management
      • Capgemini Loyalty Factory
      • Compliance and Corporate Accountability
      • Enterprise Data Warehouse & Analytics

What’s the cost of non-compliance? In a recent regulatory filing, a major European bank disclosed that it has set aside funds specifically to pay fines related to regulatory non-compliance.

The reason was that their systems were inadequate to meet the faster turn around times, and the bank felt it was more cost effective to pay the fines than improve their information flow.  The funds used to pay fines provide no lasting value for the company, its shareholders or its customers.  Compliance is here to stay and the cost for inefficient business intelligence can quickly result in runaway costs.

Compliance Drives Data Management

Changes in regulation and allowable response times are driving more and more companies to reconsider the way in which they house, mine and share information.  By considering the various ways that BI can improve the entire enterprise, not just individual silos of information, companies can make incremental investments that will provide faster data flow and better compliance.

Early compliance adopters are taking the next step to integrate BI into their business processes. They realise the value of spending funds on these systems as opposed to the negative effects fines can have on a company’s credibility and corporate balance sheet.

With corporations facing more frequent and pervasive scrutiny than ever before, Capgemini takes the view that corporate accountability requires a shift in the way organisations behave, and the way their BI solutions are deployed. Organisations need to stand back from individual, siloed solutions to ensure that their BI solutions build beyond compliance to a better future, and don’t become a financial burden to be maintained. 

Take the Corporate Accountability Index to get a high-level assessment of your company’s vision, execution, and technical readiness for compliance and learn about leading best practices from other companies.