Maintaining compliance with the growing number of industry regulations can be an overwhelming, costly and time consuming effort for organizations. Additionally, the financial and legal ramifications of a regulatory violation could be enormous, not to mention the potential negative impact on an organization’s reputation. Assuring the integrity and privacy of financial and operational information is a necessity for an organization's risk mitigation and regulatory compliance strategy.
Today’s enterprise needs to comply with international, federal and state mandates, follow corporate best practices and maintain client and investor confidence, therefore organizations must have continuous auditing and compliance processes and controls in place to safeguard critical data.
Manually auditing changes to valuable business data – such as cost records and price lists – is no longer a viable option. Organizations need continuous visibility into activities tied to specific business applications – who accessed which data and when, with a before and after image of any change – in order to shorten ongoing audit processes, save time and money, ensure risk mitigation and maintain proper regulatory compliance.