Let’s suppose your company runs branch offices or subsidiaries in different locations or even countries around the world. All those offices need to apply by different rules, which can be costly. But regulatory and business requirements do not contradict each other.

In our last blog-entry we developed a model that greatly reduces the complexity of the topic and allowed us to get a clear view on what is important.

We spoke of two different ways to use said model.

• The qualitative classification of processes
• The KPMG self assesment

We have already taken a closer look at the qualitative classification. Therefore, today it is all about the concrete improvement of business processes. Obviously, in order to achieve any real improvement, concrete measures have to be taken. A holistic evaluation scheme that includes all relevant compliance requirements is ideal.

This approach is taken by KPMG Self Assessment – the self-assessment via online questionnaires in accordance with KPMG guidelines.

KPMG itself is an accounting firm, but its methods can easily be copied by any company. The subject-specific assessment of compliance implementation in the company is carried out with the help of numerous detailed questions on each field of activity. The assessment is designed in such a way that those responsible from different departments answer questions about the fields of action that fall within their area.

The assessment can easily be carried out role-based via an online portal. The aspects of all core areas dealt with in the questions are queried either on the basis of yes / no answers or on a multi-level scale from 1 to 5. In this way, specific evaluations of questions and core areas can be measured and aggregated, which, similar to the use of a maturity model, allow generalized statements about the maturity level of the implementation of a core area or a partial aspect.

The analysis results are shown in a spider chart – the urgency of the individual points from the compliance model can thus be read easily!

The results of the assessment are determined using a points model. The points go to the account of the core area to which the respective question is assigned. The results are visualized using a spider chart, the axes of which are determined by the core areas. The illustration provides a quick overview of the analysis results, with which an urgency assessment based on priorities and a benchmark for comparison with other organizations is possible.

Based of of the analysis results, fields of action are determined from which companies and organizations can derive concrete improvement measures for their process landscape and infrastructure. For this purpose, KPMG Self Assesment offers, in addition to the question and point-based assessment and analysis, an in-depth enhanced assessment for expert-based analysis of the results, taking into account industry-specific requirements. The consolidation consists, for example, in the prioritization of the identified fields of action, based on legal regulations, support in the sector-specific analysis of results and the development of concrete recommendations for action and proposed solutions. Proven solutions are presented in the final discussion.

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