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Financial Technology

Balancing Increased Compliance Requirements with an Ever Decreasing Headcount

Nicolas Courtial, Business Analyst, Trintech, Inc.

The demands on companies to achieve and maintain compliance with recent regulations such as Sarbanes-Oxley are now being accompanied by a new challenge, which is to minimize their headcount, in order to keep shareholders happy and the balance sheet in the black. The author of this article says that the elements necessary to succeed in this are “solid processes, reliable tools and a knowledgeable employee base”, and he outlines each of these in turn, showing how they work individually and together. Absolute visibility into what is going on is key; the goals are automation, improved processes and a working method that builds in experience, knowledge and documentation.

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