What is Compliance and Why is it Necessary?
Regulatory compliance is driving much of the Identity Management industry. Organizations demand, and experts agree that compliance must be treated as an ongoing process, not an event. Organizations that incorporate compliance in everyday business processes will more cost effectively comply with the Sarbanes-Oxley, GLBA, HIPAA, and other compliance regulations. Additionally, many benefits will be realized including: cost containment, improved internal controls, better risk management and increased operating efficiency – all leading to an improved bottom line.Every Identity Management activity can be recorded and audited in real-time. Separation of duties (SoD), exception reporting, and other essential compliance events are automatically tracked as part of the execution of everyday business processes. Recertification and approval notifications will be sent to the participants specified by the administrator.