Organizations Not Utilizing Compliance Software are More Likely to Face Challenges

Organizations Not Utilizing Compliance Software are More Likely to Face Challenges

Organizations who are not utilizing some form of compliance software or automation technology are more likely to face challenges, audits, and potentially bankruptcy. NAVEX Global surveyed over 1,000 different compliance employees across six different industries. The survey data highlights strategies and challenges with policy management programs and one of the biggest takeaways from the survey were the blatant differences in efficiency between the companies who utilize automated compliance software and those who do not.

Compliance Terminology and What They Mean

Compliance Terminology and What They Mean

When you are an expert in compliance you understand what all of the industry terminology and jargon mean. However, many small business owners are new to practicing compliance and, with the ever-growing importance of compliance, it's important to understand what all of the terminology means.

Why Compliance is Gaining More of a Presence in the Boardroom

Why Compliance is Gaining More of a Presence in the Boardroom

Making sure that your organization is compliant with the many rules and regulations placed on your industry is becoming increasingly important. As more companies begin to understand the importance of compliance, it has started to have a bigger presence in the boardroom. More and more frequently we are starting to see Chief Compliance and Ethics Officers be included in senior-level discussions about corporate strategy.

The 5 Biggest Compliance Challenges for IT Professionals

The 5 Biggest Compliance Challenges for IT Professionals

If you are an IT professional, you're probably one of the busiest employees within your organization. As if you didn't already have enough on your plate, you also have to ensure that your organization is in compliance with some of the biggest regulatory laws (PCI, Sarbanes-Oxley, HIPAA, NIST) in order to keep sensitive material safe. Failure to meet rules and guidelines put into place by compliance standards could lead to a loss of trust, fires, and audits.

5 Tips to Ensure FDA Compliance

5 Tips to Ensure FDA Compliance

The Federal Drug Administration is a federal agency under the United States government that is responsible for protecting and promoting public health through their control and supervision of food safety. As you can imagine, this supervision requires them to put into place many strict regulations that force food, drug, and cosmetic organizations to ensure that what they are offering to customers is safe.

6 Ways to Ensure that You Are SOX Compliant

6 Ways to Ensure that You Are SOX Compliant

Staying compliant with the many rules and regulations that the Sarbanes-Oxley Act of 2002 (SOX) has put into place over the years is hard work. We've had the opportunities to speak with internal controllers and audit professionals about how they stay compliant with everything that SOX has put into place. Through these conversations, it's apparent that these executives are becoming increasingly concerned for their organization as the external pressure increases. Below we've listed the 6 ways to ensure that you remain compliant with SOX regulations

6 Ways to Ensure that You Are HIPAA Compliant

6 Ways to Ensure that You Are HIPAA Compliant

In 1996 the United States government passed a law that would not only change healthcare forever but would also enforce strict penalties for anyone who no longer practiced compliance. In the middle of what's now known as "the dot-com bubble", the government penned The Health Insurance Portability and Accountability Act or what is more commonly known as HIPAA. HIPAA provides data privacy and provisions to security with a purpose of safeguarding medical information.

5 Reasons Why You Should Switch to Cloud-Based Compliance Software

5 Reasons Why You Should Switch to Cloud-Based Compliance Software

Cloud-based compliance software is the way of the future but before we dive into that, let's take a broad look at the trends in the compliance environment. We constantly hear news about companies facing massive government audits for failing to stay compliant. You may have the traditional "this won't happen to me" outlook when talking about managing compliance-related issues within your organization. With that mentality, you are bound to fail and an audit will happen.

There is a Millennial Compliance Gap

There is a Millennial Compliance Gap

Research companies have been conducting numerous different surveys and data analysis testing on millennials to try and get a better understanding of their work habits. As more and more of them start entering the professional work environment, many industries are starting to wonder more about the biggest generation since the baby boomers. 

7th Biggest Issue for Financial Firms - Corporate Governance and Compliance Culture

7th Biggest Issue for Financial Firms - Corporate Governance and Compliance Culture

Author Joseph E. Silvia has been further addressing each issue on his top 10 list as a way to give insight and help financial firms. He's quickly made it to number seven on that list, corporate governance and the culture of compliance, where he addresses why it's an issue and how financial firms can solve it.

Everything You Need to Know About Payment Card Industry (PCI) Compliance

Everything You Need to Know About Payment Card Industry (PCI) Compliance

If you are a company who accepts any form of payment electronically, it is important to understand the rules and regulations the Payment Card Industry Security Standards Council puts into place, especially considering that they are updated frequently.

National Law Review Ranks the Top 10 Issues Facing Financial Institution in 2017

National Law Review Ranks the Top 10 Issues Facing Financial Institution in 2017

We are already done with Q1 of the fiscal year and many financial institutions aren't prepared for emerging areas of risk. Regardless of the industry that you and/or your organization operate in, it is important to understand and prepare for industry trends in order to become more adaptable.

KPMG's Survey Points out Weaknesses in Compliance Programs

KPMG's Survey Points out Weaknesses in Compliance Programs

Earlier this week KPMG published the results and findings of surveying Chief Compliance Officers from across seven different industries. As the regulatory environment continues to place pressure on corporations across the world, the need to create, adhere to, and understand compliance regulation becomes ever more important.

The Breach Environment - How Much Do They Cost?

The Breach Environment - How Much Do They Cost?

Late in 2016 IBM's Ponemon Institute published a massive report on the breach environment. The Ponemon Institute interviewed 1,500 employees from 383 organizations spanning 16 industries and 12 countries worldwide, the results were staggering.

Etactics Delivers Outcome-Based Results

Etactics Delivers Outcome-Based Results

As the healthcare marketplace continues to navigate change, providers are being asked to deliver outcome based results that will be directly associated with payment and reimbursement. Their business partners and providers, in turn, will be asked to provide new solutions and services that move away from the mundane and provide greater opportunity for an increase in revenue cycle results.