Traditionally viewed as an institutional hindrance, compliance mandates around information security and transparency can drive significant business benefits beyond avoiding fines and litigation.
Compliance mandates are only growing
Governmental regulation is an ever-increasing fact of life across organizations, affecting corporate boardrooms, ﬁnancial institutions, HR departments, healthcare organizations, law enforcement agencies.
Strict operational standards surrounding document security, data privacy, retention policies and information disclosure can quickly overwhelm poorly equipped teams and unprepared organizations. Penalties for non-compliance are steep. Costly ﬁnes, litigation and crippling public relations are common.
Shift from burden to competitive advantage
Complying with HIPAA, Sarbanes-Oxley, GDPR and other mandates does not have to slow down an organization. In fact, by modeling digital document management and digital workﬂow automation around these rules, smart leaders actually increase the pace and performance of their business.
By embracing standards of control, information transparency, security and privacy, digital transformation unfolds naturally, and businesses benefit from the following:
Compliance ensures high data integrity and that all information processed is complete, accurate, and stored with administrative, physical and technical safeguards to ensure it is not inappropriately altered, damaged or deleted.
When digitized information is accessible to authorized users at the right time, without fear of compromise or loss, teams of knowledge workers can execute processes with speed, accuracy and confidence. Productivity and profitability are the result.
The combination of data security, user privacy and information availability add up to delivering a positive customer experience. Exceeding expectations and building confidence is a hallmark benefit of the modern digital business.