The IT risk management challenges become more arduous due to the demands for better quality, and consistent and effective compliance management policies and strategies that help increase the revenue earning potentials while minimizing the costs. There is no other option but to find a way to meet these demands.

1. A Resourceful Compliance Risk Management Process
It is uncanny that despite the awareness of security lapses and the use of expensive technology IT
compliance results are far from satisfactory. This is because the risk management solutions or tools are
incapable of addressing the security vulnerabilities existent in people, processes and technology, and
also while implementing comprehensive strategies that provide end-to-end security.
The IT risk management challenges become more arduous due to the demands for better quality, and
consistent and effective compliance management policies and strategies that help increase the revenue
earning potentials while minimizing the costs. There is no other option but to find a way to meet these
demands.
In meeting this challenge effectively, you need to adopt an automated compliance management solution.
Such a solution provides an integrated and automated framework that supports all compliance
requirements. It addresses all security, compliance, audit, and risk management needs of your business
effectively, and lowers the total cost of ownership.
The information security and compliance management solution is a cost-effective model, which gives you
the option to either avail the on-demand cloud based service with a low investment and enhanced
returns. A streamlined and centralized repository is created for collecting data from various sources and
mapping them with the extent to which they meet the requirements of the regulations. The processes are
simplified and optimized that helps in reducing the time required for staying compliant. It provides you
with built-in templates that can be customized for deployment of best practices without any additional
costs. An intelligent dashboard provides you with prompt reports and valuable online insights to help you
to take critical decisions and an exhaustive audit trail of all actions taken relevant to compliance
throughout the entire process.
Automated compliance management solution will help your business to carry on despite the challenges.
Also read on - HIPAA and HITECH, Vendor management