BDO in strategic partnership to enhance risk services with NAVEX

International professional service firm BDO has announced a new partnership with NAVEX. The strategic link up will see BDO leverage NAVEX’s governance, risk and compliance software to help clients adapt to new regulatory burdens.

BDO provides tax, audit and assurance, advisory and business outsourcing services to companies across all sectors of the economy. The firm operates in 166 countries, with over 115,000 people working out of 1,770 offices worldwide. In the UK, its risk advisory services specialists offer global assurance and advisory services over the quality of internal control, risk and governance frameworks.

As the firm looks to bolster these services, it has launched a new partnership with integrated risk and compliance firm NAVEX. The software provider’s NAVEX One platform provides a holistic approach to risk management, enabling organisations to identify, manage, and mitigate risks in one place.

Mike Porter, chief sales officer at NAVEX, stated, “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.” 

Governance, risk, and compliance regulations are impacting businesses in the public and private sectors, and so demand for effective and efficient solutions is rising. This alliance allows BDO to offer NAVEX One seamlessly via its client services, helping customers to solve compliance and reporting challenges, standardise processes, improve efficiency, and reduce risk.

Darriane Garrett, ethics and compliance director at BDO, added, “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.”