e-Framework of compliance for Enterprises - Compliance Management Software
Every organization, whether big or small, needs to conform to certain stated requirements. This compliance is achieved through various management processes such as regulations, strategies, contracts and policies. Compliance management is not a new term for the industries, but in todayâ€™s industrial scenario, Governance, Risk management and Compliance are grouped under one umbrella as GRC and it is a new way of adopting an integrated approach to corporate governance, enterprise risk management and corporate compliance. The compliance management software solution has paved the way for an integrated approach to the various compliance issues faced by any organisation. Management of compliance procedures traditionally, were done at department levels. With the industries going global and user groups spread worldwide, these compliance initiatives have become complicated and intertwined with regulatory and organisational requirements. This intertwined network brings down the efficiency of the organisation and poses a great risk to its existence. The advantage of using compliance management software is that it continuously monitors the process across enterprises. The compliance dashboards highlight issues and triggers off alerts that need immediate attention and correction from the respective organization authorities. With an automated flow of information assessments and testing methods, the integrated document management system controls change and keeps business process in sync, complete with audit and change reports. This software also provides the managers track the status of issues till these are solved as per the compliance procedures. Further, it provides for workflow, document management, inventory controls, compliance scanner, and detailed access controls through a secure web based interface. The impact of the use of virtual desktops and cloud computing has effected every organization. This has made the business world a smaller place and has increased the complexity of security and management of resources. With resources spread globally and in a virtual space, the need for a cloud based automated IT security and compliance management solution makes enormous sense that consolidates GRC compliance management solution and information security that is easily adaptable with a built-in support to various compliance management frameworks and to different industry segments. The compliance management software with an effective system of IT governance, and advanced risk mitigation system, will definitely cover threats from all areas whether external, internal, deliberated or accidental. Additionally, it would also be flexible enough to seamlessly accommodate new regulations and policies that would be developed in future. Related Links: PCI Compliance, Healthcare compliance
Published on Aug 15, 2011
Every organization, whether big or small, needs to conform to certain stated requirements. This compliance is achieved through various manag...