Prepare a suitable business case for your compliance operations?

A business case is required for applying compliance operations. With the help of the business case, management decides whether or not to organise compliance operations. There are hard and soft arguments. We name a few:

  • The board wants to be in control. It does not want surprises that could jeopardize the continuity of the company and wants to make timely adjustments if necessary;
  • The information that the board sends must be reliable. Decisions based on incorrect data cannot produce the intended result;
  • There is a legal obligation to organize compliance;
  • Organizing compliance operations prevents fines (if the supervisor starts enforcement);
  • There is a business reason to use the results of internal control to more effectively organize more effective business activities;
  • Performing compliance work limits the cost and liability risks of non-compliance with legal and contractual obligations; or / and
  • A compliance model strengthens the company reputation.

Do you recognize the arguments and are they essential when assessing the degree of control of your compliance function? If the answer to these questions isn’t a resounding “yes”, we can help you improve your compliance.

How can we help you?

Do you have questions about organizing, implementing or expanding your compliance operations? Our service owner, Caroline Willemse or her colleagues, would be happy to discuss your specific case.

A business case requires underlying observations that can be found with a baseline measurement. Working out the financial business case for applying compliance operations is different for every company. We would be happy to discuss with you what you expect from a business case and where we can find the underlying observations.

A company can organize compliance operations with the help of our provided resources, such as the knowledge bases, the service desk, the awareness and training programs and on-demand professional help. Not all companies have the capacity to effectively organize compliance operations and rely on professional support on demand. This support goes beyond hiring a compliance expert who checks off lists without taking into account the nature of the business. The professional support that we advocate is aimed at realizing the value propositions according to an action plan with clear products and milestones.

Organizing compliance operations “only” creates an attractive financial business case for a company with a modest company size. When the company management starts organizing the business activities more effectively, the value proposition increases, the cost structure remains the same and the income streams increase exponentially.

Do you have questions or need an appointment?

Do you have questions about organizing, implementing or expanding your compliance operations? Our service owner, Caroline Willemse or her colleagues, would be happy to discuss your specific case.