subject: Leverage The Benefits Of Enterprise Compliance Management Software [print this page] To explain in simple terms, enterprise compliance management is the culture, discipline and control structure that an enterprise has in place to continuously enhance its risk management capabilities, in todays ever changing business environment. Technological advancement has led to confidential data and information being vulnerable to third party attacks, internal forgeries and other unwarranted threats. Hence, in order to safeguard this critical data and stay compliant with the government regulations, it is essential for companies to invest in advanced enterprise compliance management software.
Reasons For Enterprise Compliance Management (ECM) Software
An Enterprise compliance management software is not only effective in mitigating risks, but it can also bring into fore various methods for attaining efficiencies, deliver on strategy and discover business opportunities. This discipline apart from averting operational losses also promotes expansion. By concentrating on the entire risk scenario of an organization ECM software:
Provides a more objective basis for resource allocation that in turns enhances the return on equity and capital efficiency.
Minimizes stock-price volatility and stabilizes earnings.
Provides tools that help to make more risk-adjusted, profitable investment decision.
Improves stakeholder transparency and minimizes litigation expenses
Industry Solutions For Enterprise Compliance Management
Today eminent managed compliance providers have introduced advanced enterprise compliance management software. The software acts as a cloud-based automated IT compliance and security management solution that helps in conducting self-assessment of the enterprises present safety and compliance posture. It further helps in sealing all the compliance gaps through document upload and minimizes the exposure of files while ensuring end-to-end compliance. It includes all the IT-GRC(Governance Risk and Compliance) and security features that are required for being. Other allied features include:
Easy to adopt and ready to use compliance management framework
High-end context based inference engines
Innovative alert processing
Simple monitoring and logging solutions
Integrated, automated security and compliance with low TCO
Compliance activity email reminders
Extensive compliance and risk reports on-demand
A single, centralized repository for every compliance-related evidence
Integrated external business partner and vendor management
End-to-end security and compliance with real-time dashboards
Customizable to suit business requirements
Advanced enterprise compliance management software have an in-built support for HIPAA compliance, PCI compliance, ISO, COX, COBIT and other compliance regulations can be extended without any hassle. The software also minimizes and simplifies the time required for certification procedures and regulatory compliance.
