Top Reasons Compliance Programs Fail and How to Minimize Exposure

Speaking Different Languages

Compliance Challenge #5: Speaking Different Languages

Compliance professionals shouldn't feel like they need an interpreter to communicate with IT and legal teams. In addition, most also serve as a translator to make sense of the laws and standards they're charged with analyzing. However, a truly effective compliance program will rely on a framework that not only includes a single, comprehensive taxonomy that intelligently classifies standards, guidelines and best practices, but also clearly defines terms through a common language so that people across the organization can get – and stay – on the same page.

Having a common language in place helps bridge the gap between ever-evolving regulations and internal company processes. It ensures that content is easily digested and understood, helping to streamline workflow, empower teams to make faster, better-informed decisions, and maximize business performance.