Managing Regulatory Compliance in Business Processes

Œe ever-increasing obligations of regulatory compliance are presenting a new breed of challenges for organizations across several industry sectors. Aligning control objectives that stem from regulations and legislation with business objectives devised for improved business performance is a foremost challenge. Œe organizational as well as IT structures for the two classes of objectives are o‰en distinct and potentially in conƒict. In this chapter, we present an overarching methodology for aligning business and control objectives. Œe various phases of the methodology are then used as a basis for discussing state-of-the-art in compliance management. Contributions from research and academia as well as industry solutions are discussed. Œe chapter concludes with a discussion on the role of BPM as a driver for regulatory compliance and a presentation of open questions and challenges.