How Combining Approaches to Data Analytics Can Yield Powerful Insights

It is critical for compliance professionals to be able to measure the effectiveness of their organization’s compliance programs in countering risks such as corruption, fraud, sanctions and hidden conflicts of interest. This requires setting clear objectives for the program, as well as objective metrics, benchmarks and analyses to inform assessments. But as organizations increasingly look to utilize the power of data to detect risk, many face a common challenge: What is the best approach to turn data into actionable risk insights? In a guest article, Parth Chanda, founder and CEO of Lextegrity, looks at four different approaches a company can take, the strengths and weaknesses of each and how companies can choose the best data solution for their compliance programs. See “Continuous Spend Monitoring for End-to-End Third-Party Risk Management” (Dec. 11, 2019).

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