20 Most Promising Compliance Solution Providers - 2016
Compliance has fast transformed from an auxiliary process to a core one. Its importance has ballooned to an extent that many organizations have started incorporating Chief Compliance Officers in their hierarchy. Credit for this rapid phenomenon can be entirely linked to growing cyber attacks that have jolted the business world with examples including some of the biggest fishes in the pond. While organizations have retaliated by bolstering their security measures, everybody agrees to the fact that none of the measures are full-proof and fool-proof. Ensuring the maximum possible impact of these security measures mandate that there be set of rules that every personnel follows while accessing, or delivering business information.
On the other hand, regulatory bodies—both governmental and industrial—across the world have started tightening their grips, not only to protect sensitive customer information, but in the wake of unethical practices on the rise, also to enforce fair-play. Some of the prominent regulations across different verticals include SarbanesOxley Act, HIPPA, PCI DSS and FISMA.
Although compliance adds to expenditure of organizations, it must be bore in mind that non-compliance will result in greater losses incurred by regulatory fines as well as a tarnished image. To make compliance a serious work process regulatories have even multiplied the fines over the recent past. Joining the cause are also business stakeholders that have started demanding regular compliance audit reports. Off lately, it has been noted in well performing companies that compliance adherence also delivers better productivity that non-complying counterparts. In this scenario, a distinguished panel of prominent CEOs, CIOs, VCs, and analysts, along with the CIOReview’s editorial board has assessed hundreds of compliance solution providers and shortlisted the ones that are at the forefront of providing cutting-edge technology solutions. The listing provides a look into how the solutions in this domain are put into use, so that you can gain a comprehensive understanding of how they will optimize business processes.
We present to you 20 Most Promising Compliance Solution Providers 2016.