Tom Fox writes about things a compliance practitioner can do right now, in the midst of the COVID-19 crisis, and what they might need to consider in preparation for coming out of the crisis. In this third article, he lays out some specific technological innovations to help manage your compliance program going forward.
“While nothing will ever take the place of a well-trained compliance practitioner reviewing and evaluating due diligence, if you can automate the document obtaining and retention process coupled with the back-end relationship management you can significantly cut your costs going forward,” he suggests.