In an increasingly complex world, businesses face regulatory risks which may lead to fines to the tune of billions of dollars, put managers in jail, threaten the sustainability of their operations and severely damage their reputation.

By adopting the compliance methodology in your organisation, you can manage key regulatory and reputational risks which keeps your business and management safe.

In-house lawyers can reposition themselves using the compliance methodology; from a function that struggles to respond to last minute requests to redline contracts to a critical function involved in identifying, managing, and mitigating key risks in an organization-wide effort.

Successfully implementing the compliance methodology in your organization involves a lot of moving parts and different actors. Embracing technology can help you streamline these processes greatly. This article provides easy-to-follow practical guidance to ensure you succeed in transforming the legal function into a critical business partner.