subject: Compliance Management Software: Best Practices In Regulatory Compliance Management [print this page] Organizations, irrespective of their size, tend to spend billions each year on maintaining regulatory compliance and keeping employees constantly updated through training. Compliance at the organizational level refers to meeting the stated requirements in applicable laws, regulations, contracts, strategies and policies. Non-compliance to the regulatory requirements will land the organization in lawsuits, public censure, stock devaluation or even bankruptcy. Generally considered by most organizations under the umbrella of GRC or Governance, Risk management and Compliance, it encompasses corporate governance, enterprise risk management, and corporate compliance.
However, as enterprises become global organizations with a large workforce and spread across far-flung geographical areas, it becomes difficult to monitor the level of compliance with respect to the growing regulatory standards. Further, ensuring that each and every employee also complies with the required regulatory requirements is another Herculean task. To overcome such difficulties, technology makes it easy through effective compliance management solution.
With a large number of compliance management software available in the market, the best among them is one, which would provide the organizations with a host of powerful features. With advances made in cloud computing technology, the compliance management software hosted through a cloud-computing environment becomes highly cost-effective with significant performance advantages with a simple-to-use online tool. Leading IT service providers have thus developed world class cloud based IT security and compliance management solution for both small and medium business as well as for large conglomerates.
The award-winning cloud based automated compliance management software has an easy-to-adopt compliance framework; innovative context based inference engines and advanced alert systems with easy monitoring solutions. With a complete end-to-end automation of security, compliance, assessment and risk management, this integrates IT compliance with security solutions and also manages the regulatory compliance and certification process in quickly and effectively.
Further, being a completely customizable solution with an in-built framework for HIPAA compliance and PCI Compliance, the framework easily facilitates extending to other compliance regulations as are required during the business expansion process, and can seamlessly scale up from SMEs to large business establishments. Incorporated with the best built-in practices and templates of policies and procedures for regulatory compliance management, this is completely a channel focused managed compliance provider program. Along with its automated vendor scan and management module, this software is a cost-effective, automated compliance management software integrated with IT security delivered the cloud way.
