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Compliance Management software: Best Practices in Regulatory Compliance Management

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.

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Compliance Management software: Best Practices in Regulatory Compliance Management

  1. 1. Compliance Management software: Best Practices in Regulatory Compliance ManagementOrganizations, irrespective of their size, tend to spend billions each year on maintaining regulatorycompliance and keeping employees constantly updated through training. Compliance at theorganizational 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 inlawsuits, public censure, stock devaluation or even bankruptcy. Generally considered by mostorganizations under the umbrella of GRC or Governance, Risk management and Compliance, itencompasses corporate governance, enterprise risk management, and corporate compliance.However, as enterprises become global organizations with a large workforce and spread across far-flunggeographical areas, it becomes difficult to monitor the level of compliance with respect to the growingregulatory standards. Further, ensuring that each and every employee also complies with the requiredregulatory requirements is another Herculean task. To overcome such difficulties, technology makes iteasy through effective compliance management solution.With a large number of compliance management software available in the market, the best amongthem is one, which would provide the organizations with a host of powerful features. With advances madein cloud computing technology, the compliance management software hosted through a cloud-computingenvironment becomes highly cost-effective with significant performance advantages with a simple-to-useonline tool. Leading IT service providers have thus developed world class cloud based IT security andcompliance management solution for both small and medium business as well as for largeconglomerates.The award-winning cloud based automated compliance management software has an easy-to-adoptcompliance framework; innovative context based inference engines and advanced alert systems witheasy monitoring solutions. With a complete end-to-end automation of security, compliance, assessmentand risk management, this integrates IT compliance with security solutions and also manages theregulatory compliance and certification process in quickly and effectively.Further, being a completely customizable solution with an in-built framework for HIPAA compliance andPCI Compliance, the framework easily facilitates extending to other compliance regulations as arerequired during the business expansion process, and can seamlessly scale up from SME’s to largebusiness establishments. Incorporated with the best built-in practices and templates of policies andprocedures for regulatory compliance management, this is completely a channel focused managedcompliance provider program. Along with its automated vendor scan and management module, this
  2. 2. software is a cost-effective, automated compliance management software integrated with IT securitydelivered the cloud way.Read on - ISO compliance, Threat management solutions

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