CFOs reveal 3 top strategies for keeping their companies in compliance

This past January, ADP® and CFO Research, a unit of CFO Publishing, surveyed 150 senior finance executives about their strategies for keeping their companies in compliance with employment-related tax and payment laws. The top three strategies that emerged were: Streamline systems and invest in new technology – 65% of surveyed finance executives say that reducing the number of touch points and handoffs in their employment-related compliance processes could increase efficiency and productivity at their company. Nearly half the respondents (47%) cite improving existing technology and systems as their top strategy for achieving their compliance management goals.

Take a proactive approach to employment-related compliance – Keeping up with pending rule changes helps increase the efficiency of day-to-day compliance management and can help avoid penalties and fees. Leverage Additional Expertise – Finding the right partner with the right level of compliance experience and expertise helps companies move forward with greater efficiency. Click here for a deeper analysis of the survey results. Also, see how ADP SmartComplianceSM can help your company ease the burden of employment-related tax and payment compliance management.

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