One of main drivers behind the heightened interest in technology is that risk is having wide-ranging impacts.
"COVID-19 health and safety risk has created IT security risks as a result of people working from home. And working from home has created harassment and discrimination risks, because people might be saying things on Zoom which they wouldn't say in a boardroom.
"There might even be increased risk of bribery and corruption, because of import and export restrictions and the constraints we're seeing on supply chains right now... "
In such a dynamic environment, it's harder to keep everything in sync. This, argues Rasmussen, is why organisations need to start leveraging technology.
"If employees can find policies and information quickly instead of combing through 20 different websites, that makes their jobs easier.
"Technology also helps manage change more effectively. If an organisation has had to lay off staff because of Covid, for instance, and there are now 10 people instead of 20, they're going to have to wear multiple hats and take on more responsibility... As things evolve, we need to be able to make sure that people can understand how to do their job, particularly if that job's parameters have changed."
The bottom line is simple. We can no longer handle things manually. There's too much work to do, and manual processes don't provide the systems of record and strong evidence organisations need. We need systems and processes that reflect the increasing interconnectedness and dynamism of compliance.