Regulatory Compliance & Audit Reports
Several factors can affect a company's compliance, such as changes in regulations and laws, a company's third-party vendors, having new locations where the company operates, etc. In addition, inadequate risk management practices and insufficient monitoring of third-party vendors can make it challenging for companies to stay compliant.
IMMUNE X-TPRMTM has a built-in feature that continuously monitors and tracks third-party risks, including changes to laws and regulations that may affect compliance. This helps ensure compliance with laws, regulations, and guidelines applicable to your industry and jurisdiction over time.
IMMUNE X-TPRMTM has a built-in feature that continuously monitors and tracks third-party risks, including changes to laws and regulations that may affect compliance. This helps ensure compliance with laws, regulations, and guidelines applicable to your industry and jurisdiction over time.
Compliance Made Easy
1
Identify Potential Risks
Request an automated scan to obtain an overview of the risks associated with third- and Nth-party vendors that could lead to non-compliance.
2
Assess & Monitor Compliance
Evaluate the report findings with information collected via questionnaires and vulnerability scans.
3
Generate Audit Reports
Download detailed audit reports that can be used to demonstrate compliance with regulatory requirements.
Why Compliance Matters
Meet Industry Standards and Regulations
Certain standards and regulations are put in place to ensure that businesses operate in a fair and ethical manner, and that they are providing safe and reliable products or services to their customers. Compliance then means that your products and services meet a certain level of quality and safety, and that your business is conducted in a responsible and ethical manner.
Reduce the Risk of Negative Outcomes
Failure to comply with regulations can typically result in fines, legal action, and reputational damage. For companies operating in more highly regulated industries, regulatory bodies can also impose restrictions or even revoke a company's license to operate if they fail to comply with regulations.
Gateway to Long-Term Business Success
Compliance helps to establish trust and credibility with clients and customers. By demonstrating that you are committed to meeting regulatory requirements and protecting sensitive information, clients are more likely to feel confident working with you. This can lead to stronger relationships and increased business opportunities.
Applications across
Various Industries
Healthcare
The sensitive nature of patient data obliges healthcare organisations (and those they work with) to ensure compliance with HIPAA and/or HITECH.
Energy
The energy industry is highly regulated and faces compliance challenges related to environmental safety, data privacy, and more. Our software can help energy companies ensure compliance with regulations such as NERC and/or FERC.
Insurance
Companies (and those they work with) that handle sensitive customer data are subject to strict regulatory requirements as set out by GDPR and/or CCPA.
Telecommunication
To work with telecom companies, vendors may need to be compliant with GDPR and/or CCPA to demonstrate that they take data privacy and security seriously.
Pharmaceutical
Pharmaceutical companies face complex and evolving regulatory requirements around drug safety and data privacy. Those that they work with may need to similarly ensure compliance with FDA and/or EMA.
Banking
Compliance is critical for ensuring that vendors can access and integrate with banking industry systems and networks, which often have strict security requirements and protocols.
