What Makes Compliance Automation Necessary for Businesses in 2022?

icon Posted by: Hasan Sameer
icon September 28, 2022

In Brief

What is Compliance Automation? 

Compliance automation is the process of eliminating the need for manual tasks from compliance-related processes. Its purpose is to save the time that most organizations spend doing repetitive administrative work for compliance activities. Manually filing documents, sending emails, and other such manual works that go within compliance teams take up a lot of time. This time can be utilized in various other vital processes by automating compliance activities.  

62%

of organizations have one-fourth of their business processes modelled.

31%

of organizations have at least one function fully automated.

40%

is the share of the budget that compliance requirements are consuming in IT companies.

53%

of organizations have experienced data breaches caused by third parties due to compliance failures in the past two years.

Why is Compliance Automation Necessary in 2022?

First, to be clear, adhering to compliance requirements was equally necessary a few years back as it is now. The only thing that has changed is the need for automation. Being compliant with all the regulatory requirements takes you one step closer to a secure infrastructure. The compliances make you follow the updated norms and practices while operating your business. However, there are frequent changes continuously being added to the compliance requirements. Also, Cyber standards are continuously changing. And a huge amount of time and resources goes into keeping up with them. 

Now, in 2022, compliance automation has become important due to many reasons along with managing time and resources. We are in the post-pandemic era where cyber threats are at their peak. Additionally, the cost of non-compliance can give your business an unrecoverable blow.  

The process of compliance automation excellently blends compliance and security controls, into a single platform. This helps businesses in the following ways: 

The process of compliance automation excellently blends compliance and security controls, into a single platform. This helps businesses in the following ways: 

Efficiency 

Manual processes involved in compliance management are quite time taking. Also, there is a lot of scope for errors in them. Automation eliminates the human element and naturally the errors associated with it. Furthermore, it takes off the load from the staff and reduces data complexity.  

Growth  

Gone are the days when regulatory compliances were the barriers in the way of new business opportunities. Automation puts all your systems in line with compliance and security right from the beginning. This enables your business to incorporate seamless workflows, growth, and expansion.  

Cost Reduction 

Compliance automation eliminates the need for hiring full-time staff and training them to oversee manual operations involved in compliance activities. It not only helps the company to save a lot of money but also shortens the timeline for compliance processes. 

Better Collection 

Automation improves the clarity of evidence collection for regulatory requirements. Moreover, it reduces paperwork by centralizing the data.  

Effective Health Check 

Earlier, companies used to conduct periodic assessments of security settings and controls. But automation enables continuous detection and remediation of compliance issues. This not only aids your business operations but your security posture as well. 

Improves Visibility 

For organizations working on a large scale, manual monitoring is not enough. Compliance automation allows the compliance and security teams to access the full view of the entire ecosystem of the company. It includes everything from internal servers to supply chain partners. 

Things to Keep in Mind About Compliance Automation 

The most important thing to remember is that compliance is not a stage that you can achieve and relax. It is a process that you will need to keep operational continuously. There are always new tools, new laws, and new changes in operational requirements you need to take care of. The following are a few things to consider while enabling compliance automation in your business: 

  • Understand your landscape 
  • Address Vendor and third-party risks 
  • Ensure effective integration of resources.
  • Consider the broader business strategy 

How RSK can Help with Compliance Automation? 

RSK holds proven expertise in providing Cyber Security Managed Services such as Compliance Automation. It is the best cyber security consultancy in your proximity for security and compliance and security solutions. We have smart remediation methods to offer for your compliance issues. All you need to do is get in touch with us with your requirements.  

Before You Go! 

  • Compliance automation is necessary for businesses in 2022. We can say this evidently now based on the above information. It helps a company to scale its business in many ways.  
  • Always hire a cyber security consultancy while incorporating compliance automation to your business.  

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