Top 20 Compliance Solution Companies - 2020
In its most rudimentary definition, being compliant means to obey the rules. In a business context, this could entail abiding by legal laws and regulations revolving around how they manage the business, their staff, and customers. When these words are put in action, what sounds pretty simple and straightforward becomes a herculean task for enterprises worldwide, especially for companies with a global presence or those that serve highly-regulated industries like financial services, healthcare, pharmaceuticals, IT services, and so on.
Adhering to regulations has become more complicated due to the unprecedented challenges that the COVID-19 pandemic has brought. To elucidate, as every organization struggles to keep their employees and customers safe and adapt to a new way of working, it has become easier for cybercriminals to target business networks and do significant harm. To this end, it has become essential for business entities to work in liaison with compliance solution providers and put into place advanced technologies like robotic process automation (RPA), AI, and machine learning (ML) to not only streamline and automate internal processes, and identify, analyze and address data security and data privacy risk, but achieve compliance efficiently and reliably. Compliance solutions can also enable them to review the threats to their data environment and ecosystem. It helps companies patch security flaws more rapidly, thus mitigating the chance of a data breach. Further, compliance solutions enable businesses to keep pace with the ever-changing regulatory requirements and make informed decisions.
To help organizations select the best compliance solution, we present to you CIOReview’s “20 Most Promising Compliance Technology Solution Providers.”