The Need for Enterprise Compliance Management - Barun Sharma's ...

In today?s technology era, globalization has helped enterprises spread their wings. ?While being challenged to stay ahead in the competition, these enterprises also need to conform to the rules and regulations prevalent in various regions and locations. Compliance to the regulatory requirements is achieved through various strategies, contracts and policies. However, in the present day enterprises, compliance management is included along with Governance, Risk, and Compliance management (GRC).

GRC, adapted as an integrated approach to IT compliance, corporate governance, enterprise risk management and corporate compliance, enables the globally expanded enterprises to conveniently find solutions for all compliance related issues. ?However, as the user groups of the global organizations are spread worldwide, the compliance initiatives become intertwined with the organizational requirements, thus affecting organizational efficiency.

To combat the challenges prevalent in the business environment, technology experts have come up with cloud based automated IT Security and Enterprise Compliance management software that takes care of all security and IT-GRC functions that every organization is required to be compliant with. ?Armed with innovative and unified monitoring service, context based inference engines, alert processing features and built-in frameworks, these solutions are effective to meet the compliance requirements of HIPAA, HITECH & PCI, ?which ?can also be extended to meet other compliance regulatory requirements.

Designed for use by every organization, such an integrated system of compliance management solution can seamlessly scale up from SMBs to large corporates. Further the ??flexibility with which the software can be customized as per business requirements ensures an end-to-end automated solution that would also take care of audit and risk management needs of the organization.

With a cloud based delivery, enterprise compliance and security support that are in-built for various frameworks, the solution is available as, Software-as-a-Service (SaaS) model. The enterprise compliance management software, with ??real-time dashboards showcases compliance status across departments, and geographies and its ability to be integrated with vendor management software, offers enterprises continuous security and compliance with extensive risk and compliance reports on demand.

The advantages of using an enterprise compliance management solution, with a menu driven assessment allows enterprises to understand and gain control over regulatory frameworks. Further, this innovative system of continuous on-going assessments and single centralized repository for all compliance related evidence ensures continued security and compliance through real-time dashboards at minimum investment and cost effective ownership. The creation of such a central repository for all security and compliance documentation provides extensive online help and recommendations necessary for every regulation.

Also read on - HIPAA and HITECH, meaningful use in healthcare

Source: http://barunsharma.typepad.com/blog/2012/07/the-need-for-enterprise-compliance-management.html

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