Managing Compliance Risks: Why CFOs need to be one step ahead | Enable

▤ Summary

Their research revealed that 57% of finance leaders believed risk management would be a “critical capability” in the years ahead, and 71% said they thought CFOs would become increasingly responsible for the ethics of decision-making in support of their organization’s purpose. Five years later, EY states that “CFOs are protagonists in rolling out a code of conduct or ethical guideline.” In their CFO Barometer survey from October 2021, they asked, “Is it the job of finance to be the conscience of the organization?” 64% of respondents said yes. While it hasn’t always been possible to monitor deals constantly (and certainly not when using spreadsheets or multiple disparate data sources), with real-time access to information and automation, it’s easier than ever for an organization to ensure financial compliance challenges are being met. When data flows seamlessly between systems and trading partners, a trusted rebate management platform can finally be used as a single source of truth: Removing friction and providing the basis for solid, stable partnerships. At Enable, we know that effective rebate management isn’t just about putting the right numbers in place and ensuring compliance; it’s also about removing risk, improving relationships, and creating business benefits for all trading partners.

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