New Report Spotlights Concerns and Trends Impacting Compliance and Procurement Professionals
Regulation headwinds. As the regulatory landscape in the U.S. and
Technology woes. Many organizations have adopted technology as part of their compliance and procurement programs, and over three-quarters (78%) are familiar with Artificial Intelligence. But study responses indicate there is still room for improvement: 36 percent of those surveyed believe that technology is a barrier to effective performance.
Fraught from fraud. Fifty-eight percent of respondents reported their organizations had been subject to fraud in the last two years, and of this set, 88 percent shared that the incident had an impact on their company's brand.
Convergence of roles. Procurement and compliance disciplines have similar, overlapping needs. Nearly one-third (30%) of professionals surveyed indicated their focus spanned the above areas, and of this group, 94 percent reported being a key decision maker with enough or more than enough resources and support to meet policies and regulations.
Optimism, overall. Procurement and compliance professionals are optimistic about the current state and the future of their disciplines today. More than 90 percent of respondents registered a positive sentiment, citing feelings they believe they effectively contribute to their organizations.
"Compliance and procurement professionals across the globe all want to mitigate risk, reduce costs and implement world-class due diligence programs," said
In addition to detailing results and possible implications of the responses, the
For more findings and to view the report in its entirety, please visit:
ComRes interviewed 618 compliance and procurement decision makers with knowledge of and/or responsibility in the decision-making process for their company's compliance/procurement function between
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