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Compliance as a Service (CaaS): what it is and how to leverage it

  • The business environment is complex and global, with fragmented and heavily regulated legislation.
  • Compliance has become essential for companies to ensure adherence to regulatory frameworks, including ethics and values.
  • Compliance as a Service (CaaS) is a solution that allows companies to outsource and automate regulatory compliance, reducing workload, costs, and simplifying requirements.
  • CaaS is integrated through automation and requires digitalization, but offers cost savings, improved efficiency, and scalability.
  • Proactive compliance is necessary to anticipate and identify changes and risks.
  • CaaS can also assist with electronic invoicing compliance, which is mandatory in many countries worldwide, and a growing demand for CaaS solutions among companies.
  • CaaS providers can offer services related to the implementation and management of electronic invoicing, ensuring compliance with legal and fiscal requirements.
  • CaaS allows companies to manage their compliance efforts from start to finish, automating processes and managing compliance-related information.

Source Edicom

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