Compliance reporting has seemingly become one of the biggest responsibilities – and challenges – of today’s successful organizations. Accurate reporting and efficient reporting methods are the key to saving money, enabling growth and managing risk.
And the sooner a company understands the importance of focusing on compliance reporting, the sooner they can be shown that it’s actually pretty easy to accomplish from a business perspective…especially given the right tools and the proper methodology.
According to Leo Castro of Novell, once a company or IT professional realizes that having the proper reporting system in place can save them money and even drive a higher ROI, then the argument for automated reporting software is an easy one to make.
Essentially, good software can help any organization by automating reports and by including required frameworks. The right solution also addresses risk by ensuring that data is complete for all facets of operational activities.
Castro says that a medium size enterprise might not have identified a significant need for a complete, automated system. But the compliance reporting tools available today can help any size organization.
In fact, there is such a wide variety of products specifically for compliance reporting, that its often shortsighted for any organization not to have implemented some methods for answering HIPAA or Sarbanes-Oxley requirements. Further, the ease of use many of these software tools offer gives any size department in practically any business the ability to meet external requirements quickly.
That’s not to say that more complex organizations don’t have more robust needs. But even so, today’s tools often offer a layered approach to reporting that allows the company to extend and expand monitoring and subsequently feed that information into required reporting.
Ultimately, the right software for your enterprise should have…
- The capability of state-based reporting
- Robust report scheduling capability
- Relevant and customizable reports in proper format
- Expandability and out-of-the-box functionality
Since you don’t have a choice whether or not to be compliant, it’s important to find a reporting solution that answers the challenges of identity, security, management and infrastructure. And the right software will be adept at reducing the cost of compliance while maintaining usability.
With the tremendous risk around things like data breaches and loss of private information, it’s increasingly important to focus on finding an efficient, effective and affordable solution to meet your compliance reporting needs. Identifying a toolset that can get you the information you need when you need it is important. And a solution that can also deliver information to the agencies your organization has to report to, is critical.
While each organization is different, every company has the same challenge…making sure that the IDM system and the reporting software will provide value and be as seamless to daily operations as possible. That’s a compliance perspective that every company can agree on.
Learn more about compliance reporting software as it pertains to IAM, here.