Compliance problems of small companies
A lot of the attention is on the Compliance management problems of the larger companies but the challenge for the smaller companies with their limited staff, budgets and bandwidth is perhaps even greater. Cloud based systems probably offer some help but let me ask the compliance experts here – are the challenges real and if so what can small companies do to stay ahead of their compliance requirements?
Compliance challenges and risks are real. Fines and penalties can have a bigger impact on smaller companies. Limited staffing means no one is keeping up with regulations. Hiring consulting help is good risk management.