Compliance as a Service | Leadership Square, OK

What Is Compliance as a Service?

Regulatory compliance is critical to running a successful, long-lasting business. It can take a lot of work to keep up with the latest compliance requirements, though, especially when you are busy managing all the other aspects of your company. That is where CaaS comes in.

CaaS allows organizations like yours to outsource their regulatory compliance efforts. Compliance providers like EMSCO do the hard work of managing and making sure your company stays compliant with the most recent industry guidelines (such as HIPAA, GDPR, and PCI-DSS).

Common Compliance Challenges

Businesses of all types and sizes face unique compliance challenges. Data security and privacy are some of the most common ones, along with workplace safety issues. Many organizations also need help with employee classification (failing to classify workers as employers or contractors) and wage/hour laws (minimum wage laws, overtime requirements, etc.).

Benefits of CaaS

CaaS providers offer many solutions to help your organization manage issues like those shared above. The following are some of the greatest benefits CaaS provides:

• Reduced Costs: CaaS helps you save money by reducing the need for in-house compliance personnel and other potentially expensive resources.
• Time Savings: With CaaS, organizations do not have to spend time researching and implementing internal compliance processes. As a result, they have more time to focus on core business activities.
• Improved Security: Many CaaS providers offer cybersecurity services and can help your organization strengthen its security strategy to protect sensitive data.
• Increased Scalability: CaaS providers can help you stay compliant as your business grows and your operations become more complex.
• Customization: CaaS providers can also tailor their services to meet your organization's unique needs and goals. They will ensure you receive the appropriate support and guidance for your specific compliance requirements.
• Reduced Risk of Legal Challenges: Failure to comply with your industry standards can set you up for lawsuits and expensive legal bills. CaaS providers can help you ensure this does not happen.
• Proactivity vs. Reactivity: Investing in CaaS solutions now means you are less likely to face future compliance issues (and the consequences that follow them).

Many different organizations can experience improvements when they invest in CaaS solution. However, businesses in the finance, tech, healthcare, and retail sectors are particularly poised to benefit.

Our CaaS Solutions

Our team at EMSCO offers a wide range of CaaS solution, including these:

Experience and Expertise
Ensuring your business meets compliance standards in its day-to-day operations and functions.

Risk Assessments
Evaluating your organization to assess your likelihood of experiencing compliance issues (and identify holes in your existing strategy).

Due Diligence Audits
Regular audits to help you stay compliant as your business grows and evolves.

Analytics and Reporting
Using data and analytics tools to help you better focus your compliance activities and resources.