As we have seen in previous articles, corporate ‘Compliance’ has become a strategic ally for many companies in an ever-evolving business world. An outstanding example of this success is Securitas Direct, a leading company in security systems and alarms.
How ‘Compliance’ Drives the Success of Securitas Direct
Securitas Direct has understood that ‘Compliance‘ is more than a legal obligation; it is essential for sustainable growth and competitive advantage. Senior management supports this view as a key strategic element.
Effective Resources and Methodology
Effective ‘Compliance’ requires adequate resources. Securitas Direct invests in providing the necessary resources and has developed a proactive methodology to identify risks inherent in its operations.
Clear Policies and Strong Code of Conduct
The company establishes clear policies and a robust code of conduct that govern its organization and reflect its core values.
Reporting Channel and Open Communication
Success in ‘Compliance’ is partly due to the implementation of a reporting channel that facilitates the receipt of valuable information from employees, promoting a culture of open communication and continuous improvement.
Technology as an Efficient Ally
Securitas Direct has embraced technology, including Artificial Intelligence, to optimize data and information management and enhance risk prevention.
Success and Adaptation to Regulatory Changes
Securitas Direct’s success in ‘Compliance’ is attributed to its ability to stay updated and adapt to regulatory changes from the earliest draft of a regulation, anticipating emerging risks and using regulation to its advantage.
Resilience and Preparedness for the Unexpected
Resilience is key; the company prepares for unexpected situations and changes in the regulatory environment, ensuring continuous improvement.
Sustainable Business Success
Securitas Direct has demonstrated that ‘Compliance’ is not only a legal necessity but also a factor in business success. Its strategic approach has strengthened its brand and reputation, providing competitive advantages and keeping it at the forefront in an ever-changing business environment.
What Is the Role of the Tax Control Framework in This Case?
A fundamental component in achieving effective ‘Compliance’ agreements is the implementation of a Tax Control Framework. This structured approach ensures that the company complies with all tax and legal regulations efficiently and effectively. In the case of Securitas Direct, its strong commitment to ‘Compliance’ greatly benefits from the implementation of a Tax Control Framework that addresses all relevant tax and legal areas.
The combination of Securitas Direct’s strategic approach to ‘Compliance’ and its Tax Control Framework has been key to its business success. This case exemplifies how companies can strengthen their position, mitigate risks, and gain competitive advantages by prioritizing and optimizing their corporate ‘Compliance’ through a structured approach like the Tax Control Framework.
How Can We Assist You at Luptax in Achieving Such Agreements?
The success case of Securitas Direct with its focus on ‘Compliance’ and the Tax Control Framework demonstrates how companies can achieve sustainable growth and a solid competitive advantage. If you are interested in learning how to effectively implement a Tax Control Framework in your company, we invite you to explore the services we offer at Luptax through our eDIMI methodology.
Discover how you can successfully apply these strategies and strengthen your position in the market. The path to successful ‘Compliance’ is within your reach!