Tristan Terlouw – Digital Marketing Strategy Nixon
30 October 2022
Compliance automation is the use of technology to automate compliance processes that were previously done manually. This process is is based on artificial intelligence and uses advanced technology to simplify procedures and facilitate compliance activities.
Compliance automation helps organizations streamline workflows such as risk assessment, audit review, and testing. Automated tools do this by taking into account the company’s security and compliance policies. Afterwards, regulations related to an organization’s industry, configuration, account, inventory, and security procedures are replicated into compliance automation software to identify violations.
One way to automate this processes is to automate compliance workflows, where software can be programmed to follow specific rules to automate entire tasks.
Instead of manually updating tasks, automated business processes can update and track open items and notify you when set rules are violated. It simplifies business processes.
Companies that use user data have taken a lot of time to implement compliance automation. Laws on the collection and use of personal data are often updated (e.g., GRDP and associated privacy rules), and automating compliance processes provide auditors with accurate information.
The COVID-19 pandemic has also made it harder for employees to understand every compliance detail, greatly increasing the need for automation tools.
Through compliance automation, organizations can stay compliant and avoid potential fines and other financial consequences. The less a company’s compliance team relies on manual processes, the more efficient the team can handle complex compliance tasks. The benefits are:
Nixon is a platform that identifies risk areas before they become threats. The platform includes real-time dashboards for documenting the effectiveness of controls and facilitating compliance. It also helps create an audit trail by capturing activity so you can substantiate your answers to auditor questions. Contact us for a demo and learn more about how Nixon can help organizations manage compliance.