British accountancy and business advisory firm BDO has joined hands with NAVEX, a provider of integrated risk and compliance management software.
This collaboration is set to boost governance, risk, and compliance (GRC) services by leveraging NAVEX’s platform, NAVEX One, alongside BDO’s client services.
It is poised to address the complex GRC requirements of businesses across both public and private sectors.
The aim is to deliver “effective and efficient” solutions, streamlining compliance reporting and risk mitigation efforts, to meet local and international regulatory demands.
Both BDO and NAVEX noted that they are dedicated to offering “future-oriented” technology and expertise.
This joint effort is said to support businesses in standardising processes, enhancing efficiency, and lowering risks associated with compliance and reporting.
The alliance is particularly significant for businesses seeking to speed up growth and navigate the intricate international risk landscape.
NAVEX chief sales officer Mike Porter said: “By teaming up with BDO, we will be able to bring our comprehensive suite of risk management and compliance solutions to empower customers and decision-makers to focus on the business aspects where they can have the biggest impact and long-term value.”
In line with BDO’s unified growth strategy, the partnership is designed to offer international clients comprehensive solutions.
By integrating the local expertise of its diverse teams with advanced technology, BDO aims to meet the evolving demands of its clients and provide integrated solutions for GRC challenges.
BDO Ethics and Compliance director Darriane Garrett said: “Our strategic partnership will support businesses to bring together people, process, and technology in order to manage ethics and compliance risks and comply with relevant legislations.”
