Active Compliance Management Drives Cost Savings and Boosts Steady Revenue in Organizations

SINGAPORE - Nov. 29, 2015 - PRLog -- According to Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services (Wiley; ISBN: 978-1-118-55028-1; 320 pages; hardcover; September 2015), a new book by Ms. Saloni Ramakrishna—a finance and analytics expert with over 30 years of experience in the financial services industry; good compliance is at the core of keeping the business going and growing.

The financial services industry has paid heavily for non compliance, more so in recent times. Companies seeking knowledgeable insights on improving profit margin responsibly can now learn how the application of active compliance will introduce a positive impact on revenue maximization while mitigating regulatory and economic risks.

The book explores how active compliance—a two-way street where business and compliance collaborate and aid each other—can be a strategic tool for value creation, preservation and enhancement for organizations. Ms. Saloni Ramakrishna shows how Positive and Active Compliance Management (PAC-M) approach can help create opportunity to continuously grow revenue, reduce cost over time, and build healthy balance sheet leading to a competent organization.

“A proactive compliance strategy can create a clear differentiator in a largely undifferentiated market and become a powerful competitive weapon for the organization,” Ms. Ramakrishna said.

The book offers an insightful read containing diverse, rich hands-on experience of real-life financial services knowledge, distilled wisdom of interactions with different stakeholders from the industry, and experience of technology power to create vibrant, comprehensive yet practical solutions for the compliance-related business challenges of the financial services. Readers will learn how to integrate PAC-M into their business model using practical frameworks equipped in the book including, compliance models, processes, formats, templates, scorecards and unique tools.

Written in a strikingly simple and straightforward format, this easy to understand and practical guide will explore the concept of Compliance Risk, especially in financial services. It answers fundamental questions, “What”, “Why”, “Who” and “How” to help readers have a better understanding of this young, evolving but layered subject thus adding to the literature of this nuanced discipline.

Enterprise Compliance Risk Management is now available in hardcover (US$95.00) and e-book (US$61.99) formats at all major bookstores as well as the major online retailers. A free online preview is available here (http://issuu.com/wiley_publishing/docs/esampler).

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Note to Editor:-

Background of Enterprise Compliance Risk Management:

Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services (http://as.wiley.com/WileyCDA/WileyTitle/productCd-1118550...)

by Saloni Ramakrishna

Imprint: Wiley; ISBN: 978-1-118-55028-1; 320 pages; September 2015

Hardcover: US$95.00; E-book: US$69.99

Enterprise Compliance Risk Management is a  unique combination of history, concepts and a comprehensive practitioner tool kit that helps create a strong and inclusive compliance framework, a powerful competitive weapon and revenue multiplier for organizations – a must have for both the practitioners and the academia. It decodes the complex nuances and dimensions in financial services industry. Written specifically to align with and enhance fundamental business objectives of value creation, preservation, and enhancement, the lucid narrative provides a broad view of managing compliance and compliance risk holistically, with attention given to the myriad of interrelated facets of financial services.

About the Author:

Ms. Saloni Ramakrishna is a financial services industry practitioner with nearly three decades of experience. She was part of policy-making bodies, both at the banks where she has worked, as well as on industry-level committeesShe brings to table rich hands on knowledge with real world perspectives in Risk, Compliance and Performance areas. She interacts with senior management of banks, consulting professionals and regulators across multiple countries thus contributing to the industry dialogue. Ms. Saloni Ramakrishna is invited to share her views on industry trends by national and international finance forums. Her ideas have appeared as articles and quotes in printed & online media and television interviews

About Wiley:

Wiley is a global provider of knowledge and knowledge-enabled services that improve outcomes in the areas of research, professional training and practice, and education. Through the Research segment, the Company provides scientific, technical, medical, and scholarly journals, magazines, databases and websites. The Talent Solutions & Education Services segment provides services, technology, insights and content that support learners and institutional partners in business and higher education to improve effectiveness by developing knowledge and skills. In Knowledge and Learning, Wiley provides education solutions including online program management services for higher education institutions and course management tools for instructors and students, as well as print and digital content.