In today’s complex business environment, significant compliance issues have increased. While the global economy has opened doors for numerous opportunities, it has also escalated the need for governance, oversight and corporate compliance. Here are the top three corporate compliance issues trending today and how Appterra can resolve them.
1. Management of IT environment. The IT environment is dynamic. While it allows you to communicate instantly and transfer data between multiple devices, it also increases the potential for compliance and security breaches. Compliance issues often arise in the healthcare and financial industry. Each of these industries has detailed compliance standards to be met.
If you are part of the healthcare industry, it is important that you understand and practice the Health Insurance Portability and Accountability Act of 1996. This Act imposes national standards for maintaining the privacy of medical data in all electronic healthcare transactions. It does not only affect hospitals, doctors, health insurance companies and public health organization, but also every person and organization that deals with healthcare information stored and transferred electronically.
A cloud-based platform was created to answer these issues. Appterra provides a full array of solutions that provide secure systems to healthcare professionals and organizations to connect with suppliers, partners, and patients while maintaining the privacy requirements of the HIPAA.
2. Understanding corporate compliance in international markets. The international markets open a world of opportunity for talent acquisition, expansion and cost reduction. With opportunity also comes a risk. Engaging in business overseas involves country transactions, employment issues, cultural differences and language barriers. This can be costly and time consuming. Appterra allows you to connect with your partners, customers and suppliers overseas through a seamless exchange of information while evading intrusive integration requirements.
3. Management of a corporate compliance program. Compliance programs are necessary nowadays. It is important that compliance in your corporation is effectively managed and analyzed. Problems in the organization often arise due to lack of internal control and lack of management review. Appterra offers business process and community management. It provides customized workflows and key rules required by your business partners. It also includes access portal, which provides real-time visibility inside your platform.
In conclusion, corporate compliance is part of every business operation. Outstanding opportunities come with some levels of risks. However, with the right platform, your business can achieve continued growth and success. Use Appterra to resolve these three compliance issues in your organization.