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.

1. The Need for Enterprise Compliance Management
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