Enterprise compliance management is the discipline, culture and a control structure that an organization has, to improve its end-to-end risk management capacities. Technological and internet advancements has made private IT and confidential medical data vulnerable to internal forgeries, third party attacks and other forms of unforeseen security attacks.
SecureGRC: Unification of Security Monitoring and IT-GRC
Benefits Of Enterprise Compliance Management Solution
1. Benefits of Enterprise Compliance Management Solution
Enterprise compliance management is the discipline, culture and a control structure that an organization has, to
improve its end-to-end risk management capacities. Technological and internet advancements has made private IT
and confidential medical data vulnerable to internal forgeries, third party attacks and other forms of unforeseen
security attacks. Therefore, to keep this critical medical and IT data safe and remain compliant with government
mandates, such as HIPAA/HITECH, it is imperative that corporations and medical organizations invest in innovative
enterprise compliance management solutions.
Why should companies invest in enterprise compliance management solutions?
An enterprise compliance management solution is efficient in mitigating risks. This apart, it also brings into focus
the processes for gaining efficiency, delivering on strategy, and discovering probable business opportunities. This
discipline also helps in preventing operational losses and promotes business growth. The solution focuses on the
overall organization risk scenario and helps in the following ways:
Offers an objective basis for resource allocation that in turn improves the return on equity and capital
efficiency
Reduces the stock-price volatility and stabilizes earnings
Offers tools that help in making more risk-adjusted, profitable investment decision
Enhances stakeholder transparency and minimizes litigation expenses
Today managed compliance providers have come up with innovative enterprise compliance management software
that efficiently acts a cloud-based automated IT compliance and security management solution. This enables
organizations to conduct self-assessment of the overall present security and compliance status. It also enables
them to close all the security compliance gaps and reduces the breach-risks, ensuring end-to-end compliance. The
software comprises all the IT-GRC (Governance Risk and Compliance) and security features that are needed for
being compliant. Other essential features include the following:
Easy to adopt and ready to use compliance management framework
High-end context based inference engines
Advanced alert processing
Easy monitoring and logging solutions
Well 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
Ongoing security and compliance assessment with real-time dashboards
Can be personalized to suit business requirements
High-end enterprise compliance management software has inbuilt support for HIPAA compliance, PCI compliance,
ISO, COX, COBIT and the other compliance regulations that can be extended without any issues. This software also
helps to reduce and streamline the time needed for certification processes and regulatory compliance.
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