The need to manage and maintain technology solutions means that they never sit still. They are never the ‘final’ version deployed.
The legislative landscape changes daily, weekly, monthly or annually, depending on which country you are based in and to which reporting requirements you and your business need to respond.
Technology platforms are constantly being updated to deal with changes in legislation and add capabilities as new reporting requirements are introduced by local authorities.
As reporting requirements become more complex, so technology becomes more suitable to ensure that individuals and businesses can sign off to confirm that they are:
Compliant
Accurate
Demonstrating reasonable care
Able to respond easily to change
Able to provide fully auditable data sets to local authorities