Compliance is a balance between risk and effort. A business could significantly eliminate risk by auditing all clients - however, with a manual process, the effort would be significant. As a result, most companies target their auditing to only a small portion of their client base.
The Audit Process is a mixture of repetitive and onerous tasks - such as locating a file, finding a specific section, checking a certain attribute. The Circle 8 solution allows these tasks to be streamlined and automated - thereby reducing compliance effort, and also reduces the exposure risk as more clients are being automatically assessed.
Want to see how Circle8 could help your business - try the following calculator