Summary: <a href="https://www.complianceandethics.org/wp-content/uploads/2015/02/turteltaub-adam-200x200.jpg"></a>Post By: Adam Turteltaub<br> <br> <a href="https://www.linkedin.com/in/amanda-cohen-0b4b81a6/">Amanda Cohen</a> is Director of Product at <a href="https://www.resolver.com/">Resolver</a>. Despite her work at a technology company, or maybe because of it, she has a very humble idea about the power of tech. As she explains in this podcast people tend to enter the technology buying process thinking that software can solve all their problems.<br> <br> The reality is software doesn’t mean that automatically people will be behind compliance or that having a piece of software can make you compliant. You still need executive endorsement, leaders demonstrating that compliance matters and a compliance mindset in the organization.<br> <br> She also cautions that just because there is a software solution in place doesn’t mean that there aren’t gaps in your program.<br> <br> So what can good software do? It will help you, for example, track your regulatory requirements and provide a flow of usable information to you. And when it comes to regulations, it shouldn’t be a data dump, but instead extract the regulatory changes so you know what is happening and when changes go into effect.<br> <br> Technology also can help you with the time-consuming task of creating reports by consolidating the information and generating data for you.<br> <br> Other advice she provides:<br> <br> * Calibrate the software to your organization<br> * Engage with other stakeholders<br> * Be sure to pick technology that can grow with you and scale up<br> * Look to use technology in areas that are repetitive<br> * If pursuing AI, have a clear sense of what the objective is, and if it will bring in additional insights<br> <br> Listen in to learn more about the limits and opportunities in compliance tech.
