Consulting firm Bain and Company has a fascinating 5 minute presentation on how to survive the financial crisis.  The presentation is available here.

Of particular interest is one of their points on crisis management – that companies can’t afford sacred cows.  Is regulatory compliance one of the sacred cows in your organization?  If so, you may want to consider outsourcing; our experience is that companies can save up to 60% by outsourcing the regulatory compliance tasks while achieving similar if not higher levels of compliance.