Sun, 05 Feb 2023

Why SOC 2 Automation is Important for Your Business?

7Newswire
27 Dec 2022, 12:42 GMT+10

If you're like most business owners, you're always looking for ways to reduce your compliance costs. SOC 2 is a complex compliance standard, and it can be difficult to keep up with all of the requirements. That's where SOC 2 compliance automation comes in. With SOC 2 compliance automation, you can streamline your SOC 2 compliance processes and save time and money. In this blog post, we will discuss why SOC 2 compliance automation is important for your business and how it can help you reduce your compliance costs.

What is SOC 2 Automation?

SOC 2 compliance automation is a process of automating SOC 2 compliance activities. SOC 2 defines a set of requirements for the security, availability, processing integrity, confidentiality, and privacy of customer data. SOC 2 requires that organizations have proper controls in place to ensure that these requirements are met.

Hundreds of hours. Countless spreadsheets. Searching through mountains of data. And hefty SOC 2 compliance cost -that's what it used to take to get our SOC 2 compliance in order. But with automation, businesses can streamline the entire process. Now audits are a breeze, and business owners and leaders can focus on running our business instead of getting lost in paperwork.

Normally, you would need to spend hours updating spreadsheets and grabbing screenshots to use as evidence during your audit. Compliance automate software simplifies the process by integrating with your existing tech stack and pulling that information for you automatically.

The following are some of the prominent reasons why your business needs SOC 2 compliance automation:

Streamlines the audit process for you and your auditor

SOC 2 compliance automation helps to streamline the SOC 2 audit process. With SOC 2 compliance automation, you can easily generate evidence quickly and efficiently for your auditor. This eliminates the time-consuming task of manually gathering data and makes it easier for your auditor to verify that all requirements are met.

Reduces SOC 2 compliance cost

SOC 2 compliance automation saves you time and money. When SOC 2 processes are automated, you don't have to hire a team of employees to manage your SOC 2 compliance tasks. Automation also eliminates the need for expensive auditors and consultants, saving you even more in SOC 2 compliance cost.

Increases security

SOC 2 compliance automation helps to ensure that all the requirements are met and that your data remains secure. SOC 2 compliance automation helps you identify potential problems before they become a major issue.

Spots gaps in your system configurations and internal controls

Suppose you have some SOC 2 requirements that you haven't met. SOC 2 compliance automation can help you identify these gaps and take steps to address them before they become a compliance issue. This helps you avoid costly fines or penalties for not meeting SOC 2 requirements.

Simplifies compliance across multiple frameworks

SOC 2 compliance automation can help you maintain SOC 2, but often it goes beyond that. A lot of compliance requirements are common across multiple frameworks. For example, Solving for SOC 2 requirements will also solve your compliance with ISO 27001 requirements. There is >50% overlap between frameworks like GDPR, HIPAA, PCI DSS etc. and SOC 2. SOC2 automation makes it much easier to ensure that your data is secure across all of these frameworks.

The Bottom Line

SOC 2 compliance automation is an important tool for businesses of all sizes. SOC 2 compliance automation can help you reduce SOC 2 compliance costs and increase security while also helping you quickly identify gaps in your system configurations and internal controls. SOC 2 automation has become a must-have for any business looking to maintain SOC2 compliance.

 

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