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The cost and effort of compliance continues to be one of the biggest concerns of the business community

Three ways to reduce the legal compliance cost

1.Invest in the compliance management

Reduce compliance costs in the long run by giving budget dollars to the compliance programs.

2.Adopt a forward-looking approach

Implementing new policies, procedures for organizations look ahead to the firm in five or seven years and assess whether current controls would suffice in that environment.

3.Implement process automation

Implement modern technology to automate processes and workflows. It tends to reduce labor costs and increase productivity.

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