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
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