Why businesses are turning to Compliance as a Service (CaaS)

3-minute read

Quick summary: As the compliance ecosystem becomes ever more complex, more organizations are discovering the benefits of Compliance as a Service (CaaS). Find out how from Travis Jones, whose insights on the subject recently appeared in Fast Company.

In a 2024 Gartner survey among legal, compliance, and privacy leaders, 39 percent of respondents cited, “Develop a strategy that keeps pace with new regulatory requirements” as a top priority for the year.

While compliance has always been a challenge for businesses, recent decades have seen an explosion in the complexity of the regulatory environment, with near-constant change becoming the new normal. Compounding this burden is the need to build and maintain trust among a public that is increasingly vocal in its demands for responsible, transparent practices.

To address these challenges, more organizations are turning to Compliance as a Service (CaaS), an innovative solution offering a streamlined, expert-driven approach to managing compliance obligations. By leveraging CaaS, companies can mitigate the risks and operational costs associated with in-house regulatory compliance, allowing them to focus on their core operations with greater confidence and efficiency.

To read the entire article, visit Fast Company.

Travis Jones is the Chief Operating Officer at Logic20/20.