Your security and compliance glossary

All the terms you need to know when you’re trying to get compliance audit ready, fast.

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What is compliance software?

Compliance software describes the software tools an organization employs to monitor its internal systems and controls, in order to comply with required standards and regulations. Compliance software integrates with an organization’s compliance risk management strategy to provide continuous tracking, monitoring, and tools for review of the organization’s compliance with relevant rules and regulations, in addition to the standards and expectations of its customers.

Compliance software can streamline the process of becoming and staying compliant with required regulations — and its continuous monitoring can support the improvement of an organization’s overall security posture.

What features does compliance software include?

Every compliance management software tool is unique in its specialty and features, but there are certain features you can expect to see in most of these tools and apps. The most common features you can expect in compliance review software include:

  • Compliance tracking and alerts - Monitor business operations and protocols to ensure that they comply with your necessary standards and alert appropriate personnel of any action items.
  • Audit management - Plan, complete, and track audits to ensure you never miss a compliance-necessary system audit.
  • Risk management - Assess your risk level and security gaps to mitigate future risks.
  • Incident management - Identify potential breaches, system failures, and service disruptions and carry out a planned response to minimize risks and fortify your security.
  • Process automation - Design custom workflows for ongoing compliance tasks.
  • Compliance reporting - Preparing detailed reports verifying your compliance with the necessary security standards to use as documentation.
  • Version control - Track updates to security tools and documents to ensure proper updates are installed.

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Business benefits of using compliance software

Why should your business be using compliance maintenance software? This specialized type of tool offers a variety of benefits for your business and its bottom line:

  • Reduced legal risks - Complying with certain security protocols is a critical legal concern for businesses; most notably, healthcare businesses’s need to comply with HIPAA regulations. Compliance review software assists in ensuring you remain compliant and providing you with documentation of your compliance.
  • Heightened customer trust and buy-in - Security protocols and standards give customers confidence in your business’s safety and make you a low-risk choice, making you a more desirable option for potential and existing customers.
  • More efficient decision-making - Compliance software provides comprehensive information about security protocols and a compliance checklist of necessary action items in one streamlined platform, allowing leadership to make more informed decisions about productive steps to take.
  • Reduced resources for compliance monitoring - Compliance monitoring software automates your compliance tracking and evaluation, saving resources by reducing the need to manually monitor your systems.

Additional resources you might like:

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How to scale your GRC program with automation

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Additional resources you might like:

Compliance
Event
State of Trust in AI

Join us, live, for a fireside chat with three leading AI companies, Factory, avoMD, and Stravito, where their leaders will discuss how their organizations leverage security best-practices and compliance with AI frameworks.

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Blog
How to scale your GRC program with automation

Manual GRC processes aren’t sustainable for growing businesses. That’s where GRC automation comes in. Read more.

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3 trends shaping the future of GRC and how to adapt today

Managing GRC today still requires a ton of manual work—but it doesn’t have to. Find how the future of GRC is evolving and how you can adapt today.

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Audit Prep Excellence: Your Path to Success

Join our interactive webinar featuring experts in compliance auditing for a live Q&A session. We'll dive into essential tips for preparing for various compliance audits, guide you through the nuances of both ISO 27001 and SOC 2 standards, and discuss best practices for maintaining continuous compliance.

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How Fireant Achieved ISO 27001 Compliance Fast & Secured Government Business

Join Vanta and FireAnt as we demystify the compliance journey. We will explore how FireAnt, a Sydney-based software provider, leveraged Vanta’s automation to streamline their ISO 27001 certification process and unlock new business opportunities.

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Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo. Two of our team members will walk you through the platform and answer your questions in real time.

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Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo on July 9th at 11 am PST. Two of our team members will walk you through the platform and answer your questions in real time.

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How to Automate ISO 27001 & SOC 2 Compliance

Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo. Two of our team members will walk you through the platform and answer your questions in real time.

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ISO 27001 vs. SOC 2: Which standard is right for my startup?

Starting a security compliance program requires time, effort, and planning. And knowing where to begin is half the battle. Are you wondering if your organisation should focus on ISO 27001? SOC 2? Both?