Council Post: Speed & Efficiency Vs. Accuracy & Compliance: Finding The Right Balance

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Council Post: Speed & Efficiency Vs. Accuracy & Compliance: Finding The Right Balance
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Here are several ways to ensure that a healthy balance is struck between security and innovation.

Before adopting any emerging technologies, organizations must identify business goals and needs and how these align with existing strategies. Once this has been clarified, priorities around which processes require automation will become easier to identify, as well as which solutions can best address them.Integrate software and products that can easily and safely handle your business processes.

In addition to deeply evaluating the potential risks of each form of technology under consideration, organizations should be judicious about ensuring that whoever is tasked with using the newly implemented technologies is given ample time to learn and use them correctly. It’s also crucial to design a governance model—a set of policies, responsibilities and processes—so as to protect the quality and safety of sensitive financial processes and projects.

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