March 24, 2006

What Compliance Tools Comply

With all the hue and cry over compliance with mandatory regulations, how many organizations have bothered to update and upgrade the tools used for the process? Not many, if you look at a survey conducted by Unisphere Media. The report, Beyond Compliance: 2006 OAUG Compliance Issues Survey, sponsored by Teradata, reveals that 72 percent of companies still use spreadsheets for their compliance management requirements, 66 percent use the reporting tools that come bundled with their ERP applications, while a surprising 43 percent still use paper-based aspects to meet compliance requirements. Only 33 percent use advanced technology like data warehouses as part of their compliance process, with an even smaller 25 percent deploying business intelligence tools for the task.

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