Governance, risk and compliance advisor ACA Group (ACA) has expanded its managed services solution, following macro economic downturns, widespread budget pressure, and recruitment and retention difficulties.
The company will offer a customisable combination of outsourced task management and ACA’s ComplianceAlpha regulatory technology solution, which together will improve clients’ time and cost efficiencies, ACA says.
ACA’s announcement responds to a series of recent publications from companies such as McKinsey and Oxford Economics, which have found that employee engagement rates as low as nine per cent. These studies also emphasised the high cost of new hires and employee turnover. Managed services can be an effective solution to these problems.
Carlo di Florio, global advisory leader at ACA, says: “The escalating pace of regulatory change, compliance, talent cost pressures, budget constraints and threat of recession is creating challenges for many firms. This leaves firms in danger of creating risky exposure gaps in their compliance programme.”
“Risk and compliance leaders are being asked to do more with less. Managed services allow them to offload tasks for enhanced efficiencies, allowing them to focus their resources on value-enhancing activities. These services can be scaled to meet the needs of clients and internal governance processes, reduce key person risk, and mitigate burnout and lower the risk of turnover.”
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